Quest Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
May 11, 2017
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Quest Co., Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company's net sales were JPY 8,191 million compared to JPY 8,134 million a year ago. Operating income was JPY 365 million compared to JPY 351 million a year ago. Ordinary income was JPY 395 million compared to JPY 376 million a year ago. Profit before income taxes was JPY 405,158,000 compared to JPY 376,064,000 a year ago. Profit attributable to owners of parent was JPY 280 million or JPY 54.28 per share compared to JPY 238 million or JPY 46.06 per share a year ago. Net cash provided by operating activities was JPY 229,828,000 compared to JPY 378,583,000 a year ago. Purchase of property, plant and equipment was JPY 21,334,000 compared to JPY 14,140,000 a year ago. Purchase of intangible assets was JPY 5,944,000 compared to JPY 15,023,000 a year ago. Return on equity was 7.1% compared to 6.2% a year ago. Return on assets was 7.6% compared to 7.5% a year ago.
The company provided earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 8,520 million, operating income of JPY 390 million, ordinary income of JPY 410 million and profit attributable owners of parent of JPY 275 million or JPY 53.21 per share.
Quest Co., Ltd. is a company mainly engaged in the information services business. The Company operates in two business segments. The System Development segment is involved in the provision of software development services, including the consulting, design, development and maintenance of systems for customers in a wide range of industries, including manufacturing, finance and telecommunication. The Infrastructure Service segment is engaged in the provision of support services for infrastructure operation, including infrastructure building, technological services, system operations, supervision, helpdesk and field support. The others business is involved in data processing business and purchase and sale of products.