NID Co. Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended Sep. 30, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
November 08, 2016
Share
NID Co. Ltd. reported consolidated earnings results for the second quarter ended Sep. 30, 2016. For the quarter, the company reported net sales of JPY 8,247 million against JPY 8,154 million a year ago. Operating income JPY 753 million against JPY 557 million a year ago. Ordinary income was JPY 806 million against JPY 669 million a year ago. Profit attributable to owners of parent was JPY 538 million or JPY 142.34 per share against JPY 464 million or JPY 122.77 per share a year ago. Profit before taxes was JPY 342,689,000 compared to JPY 269,454,000 a year ago. Profit before income tax was JPY 799,763 million against JPY 711,900 million a year ago. Net cash provided by operating activities was JPY 576,099 million against JPY 105,538 million a year ago. Purchase of property, plant & equipment was JPY 19,182 million against JPY 23,894 million a year ago. Purchase of intangible assets was JPY 21,664 million against JPY 22,981 million a year ago.
For the year ending March 31, 2017, the company expects net sales of JPY 17,500 million, operating income of JPY 1,575 million, ordinary income of JPY 1,675 million and profit attributable to owners of parent of JPY 1,150 million or JPY 303.80 per share.
Nippon Information Development Co., Ltd. is a Japan-based company mainly engaged in the embedded solution business, information and communication technology (ICT) innovation business, financial system business, network solution business and other businesses. The Company operates in five business segments. The Embedded Solutions segment is engaged in the development and design of embedded software to customers. The ICT Innovation Business is engaged in the design and development of communication systems for customers. The Financial Systems segment provides financial business software to customers in the fields of life and non-life insurance, credit and securities, information and services. The Network Solution segment provides services such as system construction, infrastructure construction, security services, system maintenance and operation. The Others segment is involved in three businesses including data solutions business, product business and staffing business.
NID Co. Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended Sep. 30, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017