NEC Networks & System Integration Corporation Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
January 29, 2018
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NEC Networks & System Integration Corporation announced consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 184,926 million compared to JPY 179,314 million a year ago. Operating income was JPY 4,443 million compared to JPY 3,456 million a year ago. Ordinary income was JPY 4,471 million compared to JPY 3,594 million a year ago. Net income attributable to owners of the parent was JPY 3,001 million compared to JPY 2,132 million a year ago. Net income per share was JPY 60.46 compared to JPY 42.96 a year ago. Net cash provided by operating activities was JPY 5,665 million compared to JPY 18,314 million a year ago. Purchase of property and equipment was JPY 1,115 million compared to JPY 1,340 million a year ago. Purchase of intangibles was JPY 1,195 million compared to JPY 550 million a year ago. Income before income taxes was JPY 4,793 million compared to JPY 3,507 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2018. For the year, the company expects net sales to be of JPY 270,000 million, operating income of JPY 10,500 million, ordinary income of JPY 10,500 million, net income attributable to owners of the parent of JPY 6,700 million and net income per share of JPY 134.98.
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 Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
NEC NETWORKS & SYSTEM INTEGRATION CORPORATION 
