Consulting services for aviation industry decreased. A scale-down was implemented for procurement services regarding hardware and software products on behalf of clients in the retail industry, which have contributed only marginally to profit.
ERP cloud migration services, DX strategy planning for companies, revitalization of organizations and personnel, and projects that support new business and service developments are leading our business. The reduction in outsourcing costs by strengthening the internal delivery system for ERP cloud migration service projects resulted in an improved profit ratio.
Transition to a holding company system from October 2021. Through the growth of our subsidiaries, we will aim to improve the value of the services provided by the group as a whole.
1
Consolidated Income Statement for Q1 FY21
FY 20
FY21
YoY change
Unit: JPY mn
Major changes
(April to June)
(April to June)
Amount
Rate
Revenue
3,366
3,415
+49
+1%
Gross profit
1,300
1,420
+120
+9%
The reduction in
outsourcing costs by
strengthening the internal
delivery system for ERP
S, G&A expenses
1,147
1,041
-106
-9%
cloud migration service
projects resulted in
Operating profit
152
379
+226
+148
improved profit ratio
%
Increase owing to
+123
increased revenue and
Ordinary profit
163
364
+201
decreased cost of
%
revenue
Profit before
309
364
+54
+18%
income taxes
Profit
87
153
+66
+76%
2
Key Performance Index (KPI)
FY20
FY21
YoY change
(April to June)
(April to June)
Number of employees
564
584
+4%
(Number of consultants)
(498)
(511)
(+3%)
Client Satisfaction (NSI*)
94
94
+0pt
Number of projects **
363
348
-4%
Number of clients ***
125
117
-6%
Revenue per contract
9.3
9.8
+5%
(Million yen)
NSI (Net Satisfaction Index): Average score from 5 possible ratings for 10 questions evaluating project satisfaction. Conducted in a questionnaire format for the client project owner. 5 ratings - 5: I really agree 100 points; 4: I agree 75 points; 3: I can't say either way 50 points; 2: I don't agree 25 points; 1: I don't agree at all 0 points
Number of projects: Projects for which revenue has been recorded over the consolidated cumulative period are aggregated by contract.
Number of clients: Clients of projects for which revenue has been recorded over the consolidated cumulative period are aggregated by corporation.
3
Consolidated Balance Sheet for Q1 FY21
Unit: JPY mn
End of
End of Q1
YoY change
Major changes
FY20
FY21
(Amount)
Current assets
8,015
10,146
+2,130
- Increase in cash and deposits
Cash and deposits
5,275
7,574
+2,298
Non-current assets
2,267
1,961
-306
Total assets
10,283
12,108
+1,824
- Repayment of borrowings
Current liabilities
3,239
1,590
-1,648
and the reduction of income
tax payables, etc.
Non-current
1,581
1,596
+14
liabilities
Total liabilities
4,821
3,187
-1,634
- Increase due to capital
Net assets
5,462
8,921
+3,458
increase through a third-party
Equity ratio
53%
74%
+21pts
allotment
4
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Sigmaxyz Inc. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 07:03:01 UTC.
SIGMAXYZ Holdings Inc, formerly SIGMAXYZ Inc, is a Japan-based company primarily engaged in consulting business and investment business. The Company operates through Consulting business segment and Investment business segment. The Company aims to provide services to realize three types of transformation, including management transformation, digital transformation, and service transformation, in order to promote corporate transformation. The services include business strategy development, mergers and acquisitions (M&A), operational transformation, organizational transformation, utilization of digital technology and cloud solutions, project management, new business development, promotion of inter-company collaboration, and business investment.