I-Net Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Dividend Guidance for the Full Year of Fiscal 2018; Provides Earnings Guidance for the First Half and Full Year of 2018
July 30, 2017
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I-Net Corporation announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the company reported net sales of JPY 5,949 million compared with JPY 5,846 million for the same period a year ago. Operating income was JPY 206 million compared with JPY 316 million for the same period a year ago. Ordinary income was JPY 199 million compared with JPY 302 million for the same period a year ago. Profit attributable to owners of parent company was JPY 127 million or JPY 8.05 per share compared with JPY 196 million or JPY 12.33 per share for the same period a year ago.
The company provided dividend guidance for the full year of fiscal 2018. The company plans to pay an interim dividend of JPY 19.00 per share and a final dividend of JPY 19.00 per share for the full year of fiscal 2018.
The company provided earnings guidance for the first half and full year of 2018. For the first half, the company expects to report net sales of JPY 12,700 million, operating income of JPY 960 million, ordinary income of JPY 920 million and net income of JPY 610 million or JPY 38.37 per share.
For the full year, the company expects to report net sales of JPY 25,600 million, operating income of JPY 2,100 million, ordinary income of JPY 2,050 million and net income of JPY 1,360 million or JPY 85.54 per share.
I-NET CORP. is a Japan-based company mainly engaged in the provision of information technology processing services, system development services, the sale of system equipment. Information processing services include accounting and information processing contracts, credit data management, and delivery service to card companies; printing, processing and distribution of invoice, promotional direct mail; information technology managed services and cloud services, data entry, and business card printing. System development services include development and sale of core business software for finance, distribution, manufacturing, and government offices, embedded software, measurement and control software and package software; dispatch of staff, management consulting, the design, development, installation, operation and maintenance of information system. System equipment sales purchases and sells personal computers, point-of-sale, supplies, and package software, and provides operation guidance.
I-Net Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Dividend Guidance for the Full Year of Fiscal 2018; Provides Earnings Guidance for the First Half and Full Year of 2018