SIOS Corporation Reports Consolidated and Non-Consolidated Earnings Results for the fiscal year Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020
February 05, 2020 at 04:15 am EST
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SIOS Corporation reported consolidated and non-consolidated earnings results for the fiscal year ended December 31, 2019. For the period, on consolidated basis, net sales were JPY 13,686 million against JPY 12,799 million for the same period prior year. Operating income was JPY 54 million against operating income of JPY 290 million for the same period prior year. Net income was JPY 32 million or JPY 3.73 per basic share against net income of JPY 225 million or JPY 26.15 per basic share for the same period prior year.
For the period, on non-consolidated basis, net sales were JPY 1,160 million against JPY 991 million for the same period prior year. Operating income was JPY 343 million against operating income of JPY 119 million for the same period prior year. Net income was JPY 318 million or JPY 36.72 per basic share against net income of JPY 104 million or JPY 12.06 per basic share for the same period prior year.
The company provided consolidated earnings guidance for the year ending December 31, 2020, the company expects net sales of JPY 14,300 million, operating income of JPY 80 million, net income of JPY 40 million, net income per share of JPY 4.61.
SIOS Corp is engaged in the development, infrastructure construction, operation support, and other businesses of information technology (IT) systems based on open source software (OSS), adding applications, operating systems and cloud computing, as well as research and development in new areas to create and provide new value. The Company operates its business through two segments. The Open System Infrastructure segment sells OSS-related products, including LifeKeeper, software that can avoid system downtime in the event of an IT system failure, and Red Hat, Inc. related products, as well as the SIOS OSS Yorozu Sodan Shitsu service that handles various inquiries related to OSS and consulting services for various information systems. The Application segment includes software products for multi-functional peripherals, management support systems for financial institutions, the Gluegent series of software as a service for cloud services, among others.
SIOS Corporation Reports Consolidated and Non-Consolidated Earnings Results for the fiscal year Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2020