I-Net Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Full Year 2020
July 30, 2019
Share
I-Net Corporation announced consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 7,280 million compared with JPY 6,112 million for the same period a year ago. Operating income was JPY 568 million compared with JPY 321 million for the same period a year ago. Ordinary income was JPY 573 million compared with JPY 321 million for the same period a year ago. Profit attributable to owners of parent company was JPY 371 million or JPY 23.38 per share compared with JPY 209 million or JPY 13.21 per share for the same period a year ago.
For the full year 2020, the company expects to report net sales of JPY 30,000 million, operating income of JPY 2,450 million, ordinary income of JPY 2,390 million and net income attributable to owners of parent company of JPY 1,590 million or JPY 100.01 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 CORP. 
