NEC Networks & System Integration Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 2017 and Year Ending March 2017; Announces Dividend for the Fiscal Year Ending March 31, 2017; Provides Interim and Full Year Dividend Guidance for the Year Ending March 31, 2018
April 27, 2017 at 03:15 pm
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NEC Networks & System Integration Corporation reported consolidated earnings results for the year ended March 31, 2017. For the period, on consolidated basis, the company's net sales were ¥257,912 million against ¥279,961 million a year ago. Operating income was ¥14,111 million against ¥16,158 million a year ago. Ordinary income was ¥9,974 million against ¥14,111 million a year ago. Ordinary income was ¥9,975 million against ¥14,133 million a year ago. Profit attributable to owners of parent was ¥6,549 million against ¥5,996 million a year ago. Net income per share was ¥131.94 against ¥120.80 a year ago. Return on equity was 7.0% against 6.5% a year ago. Net assets per share were ¥1,906.03 against ¥1,868.25 a year ago. Profit before income taxes was ¥9,881 million compared to ¥13,103 million a year ago. Net cash provided by operating activities was ¥22,634 million compared to ¥9,435 million a year ago. Purchase of property, plant and equipment was ¥1,886 million against ¥2,417 million a year ago. Purchase of intangibles was ¥688 million against ¥631 million a year ago.
For the six months ending September 2017, the company expects net sales of ¥120,000 million, operating income of ¥2,000 million, ordinary income of ¥2,000 million and profit attributable to owners of parent of ¥1,100 million or ¥8.7 per share.
For the year ending March 2017, the company expects net sales of ¥270,000 million, operating income of ¥10,500 million, ordinary income of ¥10,500 million and profit attributable to owners of parent of ¥6,700 million or ¥2.3 per share.
The company announced dividend for the fiscal year ending March 31, 2017. The company pays year-end dividend of JPY 72.00 per share compared to JPY 70.00 per share paid a year ago.
The company provided interim and full year dividend guidance for the year ending March 31, 2018. For the interim, the company expects to pay dividend of JPY 37.00 per share.
For the full year, the company expects to pay dividend of JPY 74.00 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 Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 2017 and Year Ending March 2017; Announces Dividend for the Fiscal Year Ending March 31, 2017; Provides Interim and Full Year Dividend Guidance for the Year Ending March 31, 2018
NEC NETWORKS & SYSTEM INTEGRATION CORPORATION 
