Creo Co.,Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018
November 31, 2017
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Creo Co.,Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company's net sales were JPY 5,582 million compared to JPY 5,379 million a year ago. Operating income was JPY 29 million compared to JPY 46 million a year ago. Ordinary income was JPY 58 million compared to JPY 73 million a year ago. Income before income taxes was JPY 58 million compared to JPY 73 million a year ago. Profit attributable to owners of parent was JPY 20 million or JPY 2.51 per share compared to JPY 40 million or JPY 4.70 per share a year ago. Net cash provided by operating activities was JPY 333 million compared to JPY 442 million a year ago. Purchase of property, plant and equipment was JPY 4 million compared to JPY 15 million a year ago. Purchase of intangible assets was JPY 60 million compared to JPY 221 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. The company expects net sales of JPY 12,500 million, operating income of JPY 400 million, ordinary income of JPY 410, and profit attributable to owners of parent of JPY 280 million.
CREO CO., LTD. is a Japan-based company primarily engaged in information technology (IT) business. The Company operates in five business segments. The Solution Service segment provides solution services such as the personnel payroll and accounting solution ZeeM. The Contract Development segment provides system contract development services. The West Japan segment provides sale and contract development services for its products and services to customers west of Nagoya. The System Operation and Service segment mainly provides system development, maintenance and operation services to major domestic portal site operators. The Support Service segment provides support and services centered on help desks and technical support, as well as call center services such as social research and market research.
Creo Co.,Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2018