INES Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Year End Dividend Guidance for the Year Ending March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2017
January 25, 2017
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INES Corp. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported consolidated net sales of ¥26,039 million, operating income of ¥970 million, ordinary income of ¥1,015 million and net income attributable to owners of parent of ¥568 million or ¥21.03 net income per share against net sales of ¥25,953 million, operating income of ¥639 million, ordinary income of ¥685 million and net income attributable to owners of parent of ¥611 million or ¥19.80 net income per share for the same period of last year. Income before income taxes was ¥1,005 million compared to ¥833 a year ago. Net cash provided by operating activities was ¥6,470 million against ¥3,001 million for the same period of the previous fiscal year. Purchases of property, plant and equipment were amounted to ¥702 million against ¥432 million a year ago. Purchase of intangible assets was ¥293 million against ¥166 million a year ago.
For the year ending March 31, 2017, the company expects to pay fiscal year-end dividend of ¥8 per share compared to ¥8 per share paid in the same period ago.
For the year ending March 31, 2017, the company expects revenue of ¥40,000 million, operating income of ¥2,400 million, ordinary income of ¥2,400 million and net income attributable to owners of parent of ¥1,500 million or ¥57.46 per share.
INES Corporation is a company mainly engaged in the provision of information processing and communication service, system provision service and other system related services, the planning and development of information systems and network and the provision of operation, maintenance and maintenance services. Through its subsidiaries, the Company is also engaged in the development of software, the provision of information processing services, the manpower dispatching, the sale of petroleum and software package, the design, development, operation and maintenance of information system and network.
INES Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Year End Dividend Guidance for the Year Ending March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2017