Quest Co., Ltd. Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
May 13, 2018
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Quest Co., Ltd. reported non-consolidated earnings results for the year ended March 31, 2018. For the year, the company's net sales were JPY 8,724 million compared to JPY 8,053 million a year ago. Operating profit was JPY 76 million compared to JPY 367 million a year ago. Ordinary profit was JPY 107 million compared to JPY 399 million a year ago. Profit before income taxes was JPY 106,577,000 compared to JPY 364,446,000 a year ago. Net profit was JPY 76 million or JPY 14.81 per share compared to JPY 231 million or JPY 44.79 per share a year ago. Net cash used in operating activities was JPY 17,094,000. Purchase of property, plant and equipment was JPY 9,311,000. Purchase of intangible assets was JPY 6,182,000. Return on equity was 1.9% compared to 5.7% a year ago. Return on assets was 2.0% compared to 7.6% a year ago. Book value per share was JPY 786.39 compared to JPY 809.06 a year ago.
The company provided earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of JPY 9,100 million, operating profit of JPY 456 million, ordinary profit of JPY 476 million and net profit of JPY 324 million or JPY 62.69 per share.
Quest Co., Ltd. is a company mainly engaged in the information services business. The Company operates in two business segments. The System Development segment is involved in the provision of software development services, including the consulting, design, development and maintenance of systems for customers in a wide range of industries, including manufacturing, finance and telecommunication. The Infrastructure Service segment is engaged in the provision of support services for infrastructure operation, including infrastructure building, technological services, system operations, supervision, helpdesk and field support. The others business is involved in data processing business and purchase and sale of products.
Quest Co., Ltd. Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019