Implementation Delays and Sales Mix Deterioration Due to Deteriorating Financial Performance at Customer Financial Institutions

「Some anticipated projects were abandoned due to poor performance at online brokerage firms, while in SI and packaged solutions services, the loss of a major DX project from an existing customer, which had been expected in the second half, also occurred.」

「In the solutions business, in addition to the deterioration in earnings caused by resource-management issues, particularly involving outsourcing providers, in SI solutions services during the cumulative second-quarter period, certain projects expected to be won in information solutions services were pushed back to the next fiscal year or later during the third quarter, as financial institutions prioritized対応 to the new NISA. This trend is expected to continue through the fourth quarter.」

「Meanwhile, in the information solutions services business, upfront investments continued, including higher depreciation and amortization expenses, data acquisition costs, license fees and outsourcing expenses associated with the launch of new services such as the U.S. equities solution. Against this backdrop, including deteriorating performance at customer financial institutions, implementation for customers was slower than expected. Although systems solutions drove revenue, their gross margin was lower than that of information solutions, resulting in an adverse sales mix during the period and a temporary decline in the profit margin.」