Densan System Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months and Full Year Ending December 31, 2017; Announces Dividend for the Year Ended December 31, 2016, Payable on March 27, 2017; Provides Dividend Guidance for the Second Quarter and Fourth quarter Ending December 31, 2017
January 29, 2017
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Densan System Co., Ltd. announced consolidated and non-consolidated earnings results for the full year ended December 31, 2016. For the quarter, on consolidated basis, the company's net sales were ¥30,369 million compared with ¥28,956 million a year ago. Operating income was ¥1,125 million compared with ¥1,071 million a year ago. Ordinary income was ¥1,157 million compared with ¥1,071 million a year ago. Net income attributable to parent shareholders was ¥732 million or ¥75.40 per diluted share compared with ¥660 million or ¥67.74 per diluted share a year ago. Cash flow from operating activities was ¥1,354 million compared to ¥806 million a year ago. Net assets per share were ¥866.60 compared to ¥812.42 a year ago.
For the quarter, on non-consolidated basis, the company's net sales were ¥28,496 million compared with ¥27,166 million a year ago. Operating income was ¥1,055 million compared with ¥950 million a year ago. Ordinary income was ¥1,083 million compared with ¥977 million a year ago. Net income was ¥691 million or ¥71.14 per diluted share compared with ¥610 million or ¥62.66 per diluted share a year ago. Net assets per share were ¥844.74 compared to ¥794.77 a year ago.
For the six months ending June 30, 2017, the company forecasts net sales of ¥15,987 million, operating income of ¥470 million, ordinary income of ¥479 million, and net income attributable to parent shareholders of ¥267 million or ¥27.34 per share.
For the fiscal year ending December 31, 2017, the company forecasts net sales of ¥33,700 million, operating income of ¥1,170 million, ordinary income of ¥1,180 million, and net income attributable to parent shareholders of ¥675 million or ¥69.05 per share.
For the fiscal year ended December 31, 2016, the company announced dividend of ¥12 per share compared to ¥12 per share a year ago. The dividend will be payable on March 27, 2017.
The company provided dividend guidance for the second quarter and fourth quarter ending December 31, 2017. For the quarter, the company expected dividend of ¥12 per share compared to ¥12 per share paid in the same period ago.
For the fourth quarter ending December 31, 2017, the company expected dividend of ¥13 per share compared to ¥12 per share paid in the same period ago.
Densan System Holdings Co Ltd mainly manages the business of group companies and conducts incidental operations as a holding company. Through the wholly owned subsidiary, as a comprehensive information processing service company, the Company operates business in two business segments, including Information Service business segment and Payment-Collection Agency Service business segment. The Information Service business segment provides products and services, such as information processing services, system integration, software development, and system equipment. The Payment-Collection Agency Service business segment provides payment-collection agent services through credit card companies, convenience stores, banks, and electronic money businesses.
Densan System Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Full Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months and Full Year Ending December 31, 2017; Announces Dividend for the Year Ended December 31, 2016, Payable on March 27, 2017; Provides Dividend Guidance for the Second Quarter and Fourth quarter Ending December 31, 2017