I3 Systems,Inc. Announces Earnings Results for the Second Quarter and Six Months Ended December 31, 2020
March 12, 2021 at 01:10 am
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i3 Systems,Inc. announced earnings results for the second quarter and six months ended December 31, 2020. For the quarter, the company reported net sales of JPY 478 million as compared to JPY 407 million a year ago. Operating income was JPY 117 million as compared to JPY 114 million a year ago. Net income was JPY 81 million as compared to JPY 91 million a year ago.
For the six months, the company reported net sales of JPY 936 million as compared to JPY 773 million a year ago. Operating income was JPY 257 million as compared to JPY 227 million a year ago. Net income was JPY 171 million as compared to JPY 196 million a year ago.
i Cubed Systems Inc is a Japan-based company mainly engaged in the provision of management services for managing mobile terminals as Software as a Service (SaaS), and the investing activities. The Company operates through two business segments. The CLOMO business segment provides functions for visualizing the usage status of mobile terminals, setting and restricting functions, and security measures as licenses, centered on CLOMO MDM, a mobile device management (MDM) service that centrally manages and operates mobile terminals and mobile personal computers (PCs). The CLOMO business segment also sells licenses for CLOMO SECURED APPs, which are applications for mobile terminals. The main services include CLOMO service and SECURED APPs service. The Investment Business segment is engaged in investment activities through corporate venture capital (CVC) and mergers and acquisitions (M&A). The main investment targets include mobile, SaaS, security and others.
I CUBED SYSTEMS, INC. 
