CAC Holdings Corporation Reports Consolidated Earning Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017
November 09, 2017
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CAC Holdings Corporation reported consolidated earning results for the nine months ended September 30, 2017. For the nine months, net sales were ¥40,295 million, operating income was ¥477 million, ordinary income was ¥394 million, profit attributable to owners of the parent was ¥697 million or ¥37.83 per share against net sales of ¥39,026 million, operating income of ¥791 million, ordinary income of ¥544 million, profit attributable to owners of the parent of ¥2,049 million or ¥104.59 per share a year ago. Consolidated net sales for the three-quarter period under review up 3.3% year on year, due to an increase in sales of Accel Frontline Limited, and growth in sales to some customers in Japan and in sales of pharmaceutical development support services. Consolidated operating income down 39.6% year on year, reflecting a fall in sales of Sierra Solutions Pte. Ltd., and in sales in the IT field in Japan. Profit before income taxes was ¥3,659 million against ¥1,274 million a year ago.
The company also provided earnings guidance for the year ending December 31, 2017. For the year, the company expects net sales of ¥53,000 million, operating income of ¥600 million, ordinary income of ¥540 million, profit attributable to owners of the parent of ¥1,100 million or ¥59.67 per share.
CAC Holdings Corporation is a holding company engaged in system development related services. It operates in three business segments. The System Building Services segment provides system consulting, system development, system maintenance, infrastructure building and package integration services. The System Operation and Management Services segment provides operation consulting, system operation, application operation, data center, as well as help desk and call center services. The Business Process Outsourcing (BPO)/ Business Transformation Outsourcing (BTO) Services segment provides information technology (IT) services and other business capabilities.
CAC Holdings Corporation Reports Consolidated Earning Results for the Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017