NEC Networks & System Integration Corporation Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for the Half Year Ending September 2018 and Full Year Ending March 31, 2019
April 26, 2018
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NEC Networks & System Integration Corporation announced consolidated earnings results for the fiscal year ended March 31, 2018. For the period, the company reported net sales of JPY 267,939 million compared to JPY 257,912 million a year ago. Operating income was JPY 11,057 million compared to JPY 9,974 million a year ago. Ordinary income was JPY 10,957 million compared to JPY 9,975 million a year ago. Net income attributable to owners of the parent was JPY 7,357 million compared to JPY 6,549 million a year ago. Net income per share was JPY 148.23 compared to JPY 131.94 a year ago. Return on equity was JPY 7.6% compared to 7.0% a year ago. Net cash provided by operating activities was JPY 4,779 million compared to JPY 22,634 million a year ago. Income before income taxes was JPY 11,279 million compared to JPY 9,881 million a year ago. Purchase of property and equipment was JPY 1,628 million compared to JPY 1,886 million a year ago. Purchase of intangibles was JPY 1,532 million compared to JPY 688 million a year ago.
The company provided earnings guidance for the half year ending September 2018 and full year ending March 31, 2019. For the half year, the company expected net sales to be of JPY 124,000 million, operating income of JPY 2,000 million, ordinary income of JPY 2,000 million, net income attributable to owners of the parent of JPY 1,300 million and net income per share of JPY 26.19.
For the full year, the company expected net sales to be of JPY 280,000 million, operating income of JPY 11,500 million, ordinary income of JPY 11,500 million, net income attributable to owners of the parent of JPY 7,500 million and net income per share of JPY 151.10.
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 Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for the Half Year Ending September 2018 and Full Year Ending March 31, 2019