Cts Co., Ltd. Announces Earnings Results for the Six Months Ended September 30, 2020
October 29, 2020
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CTS Co., Ltd. announced earnings results for the nine months ended December 31, 2019. For the period, the company reported Sales of JPY 4,861 million against JPY 4,478 million for the same period last year. Ordinary income of JPY 961 million against JPY 802 million for the same period last year. Operating profit was JPY 1,007 million against JPY 815 million for the same period last year. Net income was JPY 647 million against JPY 551 million for the same period last year. Earnings per share was JPY 15.17 against JPY 12.92 for the same period last year.
CTS Co., Ltd. is a Japan-based construction information and communication technology (ICT) company mainly engaged in the system and survey measurement business. The Company operates through three business segments. The System segment is engaged in the rental and sale of a complete set of information technology (IT) infrastructure such as fixed Internet protocol (IP) telephone service, line service, information sharing system, data backup service, network camera, cloud service and system equipment. The Surveying and Measurement segment is engaged in the rent and sale of i-Construction related systems such as one-man surveying systems, rolling control systems, three dimensions (3D) scanners, 3D measurement and data creation agency. The House Fixtures segment is engaged in the rent and sale of unit houses and fixtures. It is also engaged in the sale of road signs and their construction, and safety equipment.