NEC Networks & System Integration Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Interim and Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and for the Full Year Ending March 31, 2017
July 28, 2016
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NEC Networks & System Integration Corporation announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company announced net sales of JPY 52,649 million against JPY 57,045 million a year ago. Operating loss was JPY 456 million against operating income of JPY 762 million a year ago. Loss before income taxes was JPY 576 million against income before income taxes of JPY 604 million a year ago. Net loss was JPY 478 million against net income of JPY 394 million a year ago. Net loss attributable to owners of the parent company was JPY 534 million or JPY 117.41 per share against net income attributable to owners of the parent company of JPY 355 million or JPY 242.64 per share a year ago. Net cash provided by operating activities was JPY 18,538 million against JPY 18,575 million a year ago. Purchase of property and equipment was JPY 440 million compared to JPY 449 million for the same period a year ago. Purchases of intangibles was JPY 91 million compared to JPY 227 million for the same period a year ago.
The company provided interim and year-end dividend guidance for the fiscal year ending March 31, 2017. The company expects to pay interim dividend of JPY 36.00 per share compared to JPY 35.00 per share paid a year ago. The company expects to pay year-end dividend of JPY 36.00 per share compared to JPY 35.00 per share paid a year ago.
The company provided earnings guidance for the six months ending September 30, 2016 and for the full year ending March 31, 2017. For the six months, the company expects to report net sales of JPY 120,000 million, operating income of JPY 3,000 million, ordinary income of JPY 3,000 million and net income attributable to owners of the parent company of JPY 1,600 million or JPY 32.23 per share.
For the full year, the company expects to report net sales of JPY 270,000 million, operating income of JPY 13,500 million, ordinary income of JPY 13,500 million and net income attributable to owners of the parent company of JPY 8,000 million or JPY 161.16 per share.
NEC Networks & System Integration Corporation is a Japan-based company mainly engaged in the provision of information and communication technology (ICT) systems mainly in the communication field. The Company is also involved in the manufacture and sale of network communication equipment. The Company operates through three business segments. Company Network segment is engaged in the provision of ICT solutions related service integration to companies. Career Network segment is engaged in the provision of system integration (SI) service and installation service from ICT infrastructure to telecommunications carriers, as well as the provision of SI service and related operation and monitoring services. Society Infrastructure segment is engaged in the provision of service integration including SI services and installation work related to ICT infrastructure for government offices, local governments and public interest corporations, as well as related services such as operation and monitoring.
NEC Networks & System Integration Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Interim and Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and for the Full Year Ending March 31, 2017
NEC NETWORKS & SYSTEM INTEGRATION CORPORATION 
