Meitec Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
November 06, 2017
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Meitec Corporation reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of JPY 45,867 million compared to JPY 44,111 million a year ago. Operating profit was JPY 5,442 million compared to JPY 5,071 million a year ago. Ordinary profit was JPY 5,447 million compared to JPY 5,074 million a year ago. Profit attributable to owners of parent was JPY 3,526 million compared to JPY 3,466 million a year ago. Earnings per share were JPY 123.96 compared to JPY 118.83 a year ago. Income before income taxes was JPY 5,386.442 million compared to JPY 5,073.645 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 93,000 million, operating profit of JPY 10,900 million, ordinary profit of JPY 10,900 million, and profit attributable to owners of parent of JPY 7,400 million or JPY 260.14 per share.
Meitec Group Holdings Inc, formerly Meitec Corp, is a Japan-based company mainly engaged in the engineering solutions business and engineer introduction business. The Company operates in two business segments. The Engineering Solutions business segment is engaged in the provision of engineering solution services with a focus on engineer dispatch services. This segment includes high-end engineer dispatching business, middle-range engineer dispatching business, senior engineer dispatching business, registered staffing business whose main customers are the manufacturing industry, and general outsourcing business. The Engineer Introduction business segment is engaged in the employment placement business for engineers.
Meitec Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018