Meitec Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019
May 10, 2018 at 06:02 am EDT
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Meitec Corporation reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 93,618.603 million as compared to JPY 89,979.069 million a year ago. Operating profit was JPY 11,458.040 million as compared to JPY 11,142.808 million a year ago. Ordinary profit was JPY 11,465.924 million as compared to JPY 11,145.453 million a year ago. Profit attributable to owners of parent was JPY 8,132.008 million as compared to JPY 7,937.496 million a year ago. Earnings per share were JPY 286.64 as compared to JPY 274.32 a year ago. Profit before income taxes was JPY 11,541.345 million as compared to JPY 11,131.104 million a year ago. Net cash provided by operating activities was JPY 10,957.221 million as compared to JPY 10,186.894 million a year ago. Purchase of property, plant and equipment was JPY 202.041 million as compared to JPY 122.156 million a year ago. Return on equity was 21.9% against 21.1% a year ago. Purchase of intangible assets was JPY 179.996 million as compared to JPY 540.755 million a year ago.
For the six months ending September 30, 2018, the company expects net sales of JPY 47,600 million, operating profit of JPY 5,500 million, ordinary profit of JPY 5,500 million and profit attributable to owners of parent of JPY 3,600 million or JPY 127.72 per share.
For the year ending March 31, 2019, the company expects net sales of JPY 97,000 million, operating profit of JPY 11,600 million, ordinary profit of JPY 11,600 million and profit attributable to owners of parent of JPY 7,800 million and JPY 276.74 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 Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019