I-Net Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2019; Announces Dividend for the Year Ended March 31, 2018, Payable on June 25, 2018; Provides Dividend Guidance for the End of Second Quarter and Year End of Fiscal Year Ending March 31, 2019
May 06, 2018
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I-Net Corporation announced consolidated earnings results for the year ended March 31, 2018. For the year, the company's net sales were JPY 25,615 million compared with JPY 24,617 million a year ago. Operating income was JPY 2,081 million compared with JPY 1,992 million a year ago. Ordinary income was JPY 2,051 million compared with JPY 1,939 million a year ago. Quarterly profit attributable to owners of parent company was JPY 1,368 million or JPY 86.06 per basic share compared with JPY 1,314 million or JPY 82.68 per basic share a year ago. Rate of return on equity was 10.4% compared with 10.7% a year ago. As on March 31, 2017, the company's net assets per share was JPY 849.55. Cash flows from operating activities were JPY 2,937 million compared with JPY 2,932 million a year ago.
For the first half of fiscal 2019, the company forecasts net sales of JPY 13,000 million, operating income of JPY 930 million, ordinary income of JPY 900 million, profit attributable to owners of parent company of JPY 600 million or JPY 37.74 per basic share.
For the year ending March 31, 2019, the company forecasts net sales of JPY 26,700 million, operating income of JPY 2,190 million, ordinary income of JPY 2,140 million, profit attributable to owners of parent company of JPY 1,430 million or JPY 89.94 per basic share.
The company announced dividend of JPY 19.00 per share for fiscal year 2018 against JPY 18.00 per share paid a year ago. The dividend payable on June 25, 2018.
For the end of second quarter of fiscal year ending March 31, 2019. For the end of second quarter, the company expects to pay dividend of JPY 20.00 per share against JPY 19.00 per share a year ago.
For the year end of fiscal year ending March 31, 2019, the company expects to pay dividend of JPY 20.00 per share against JPY 19.00 per share a year ago.
I-NET CORP. is a Japan-based company mainly engaged in the provision of information technology processing services, system development services, the sale of system equipment. Information processing services include accounting and information processing contracts, credit data management, and delivery service to card companies; printing, processing and distribution of invoice, promotional direct mail; information technology managed services and cloud services, data entry, and business card printing. System development services include development and sale of core business software for finance, distribution, manufacturing, and government offices, embedded software, measurement and control software and package software; dispatch of staff, management consulting, the design, development, installation, operation and maintenance of information system. System equipment sales purchases and sells personal computers, point-of-sale, supplies, and package software, and provides operation guidance.
I-Net Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2019; Announces Dividend for the Year Ended March 31, 2018, Payable on June 25, 2018; Provides Dividend Guidance for the End of Second Quarter and Year End of Fiscal Year Ending March 31, 2019