First-Half Consolidated Results: Lower Revenue and Shift to an Operating Loss

「Revenue for the fiscal year was ¥32,709 million, up 12.6% year on year as a result of increased sales of information and communications equipment. Operating profit was ¥1,771 million, up 19.4% year on year, due to higher profits accompanying increased revenue in the information and communications equipment business.」

「Net sales for the current interim consolidated accounting period were ¥11,836 million, up 9.8% year on year, due to a substantial increase in information and communications equipment manufacturing and sales. In terms of earnings, higher sales in this business increased profit, resulting in operating income of ¥226 million, compared with an operating loss of ¥16 million in the previous corresponding period, ordinary income of ¥203 million, compared with an ordinary loss of ¥23 million, and interim net income attributable to owners of the parent of ¥207 million, compared with a loss of ¥59 million.」

「Revenue for the fiscal year was ¥29,046 million, and operating profit was ¥1,484 million.」

「Revenue for the six-month period was ¥10,776 million, up 5.6% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance increased. Operating loss was ¥16 million, a decrease of ¥426 million year on year, due to higher profits accompanying increased revenue in both businesses, lower development costs and improved cost efficiency.」

「Revenue for the fiscal year was ¥28,117 million, up 22.6% year on year, as production activities rapidly returned to normal following progress in resolving component procurement issues and the success of ongoing negotiations to bring procurement forward, particularly increasing sales of information and communications equipment. Operating profit was ¥919 million, compared with an operating loss of ¥466 million in the previous fiscal year, due to higher sales of information and communications equipment, thorough company-wide cost reductions including lower personnel expenses, and measures including passing some materials and manufacturing costs through to selling prices.」

「Revenue for the nine-month period ended 31 December was ¥16,678 million, up 18.1% year on year as both information and communications equipment manufacturing and sales and network construction and maintenance increased. Operating loss was ¥108 million, a decrease of ¥1,102 million year on year; ordinary loss was ¥165 million, a decrease of ¥1,002 million; and net loss attributable to owners of the parent was ¥119 million, a decrease of ¥1,183 million.」

「Revenue for the six-month period ended 30 September was ¥10,202 million, up 22.9% year on year, as the substantial increase in information and communications equipment manufacturing and sales outweighed the decline in network construction and maintenance. Operating loss was ¥442 million, a decrease of ¥908 million year on year; ordinary loss was ¥504 million, a decrease of ¥851 million; and net loss attributable to owners of the parent was ¥354 million, a decrease of ¥918 million.」

「Revenue for the three-month period ended 30 June was ¥3,995 million, up 3.4% year on year, as the increase in information and communications equipment manufacturing and sales outweighed the decline in network construction and maintenance. Operating loss was ¥775 million, an increase of ¥78 million year on year, as growth in information and communications equipment sales was insufficient to offset the decline in network construction and maintenance revenue.」

「Revenue for the nine-month period ended 31 December was ¥14,121 million, down 13.1% year on year as a result of lower sales of information and communications equipment. Operating loss was ¥1,210 million, an increase of ¥42 million year on year; ordinary loss was ¥1,168 million, an increase of ¥34 million; and net loss attributable to owners of the parent was ¥1,302 million, an increase of ¥208 million, after writing down deferred tax assets and recording ¥167 million in adjustments to corporate income taxes.」

「Revenue for the six-month period ended 30 September was ¥8,304 million, down 21.4% year on year following a substantial decline in information and communications equipment manufacturing and sales from the previous year. Operating loss was ¥1,350 million, an increase of ¥185 million year on year; ordinary loss was ¥1,355 million, an increase of ¥218 million; and net loss attributable to owners of the parent was ¥1,273 million, an increase of ¥325 million.」

「Revenue for the three-month period ended 30 June was ¥3,862 million, down 26.0% year on year due to a substantial decline in sales of information and communications equipment. Operating loss was ¥697 million, an increase of ¥128 million year on year; ordinary loss was ¥688 million, an increase of ¥133 million; and net loss attributable to owners of the parent was ¥666 million, an increase of ¥212 million.」

「Revenue for the fiscal year was ¥24,735 million, down 15.9% year on year as a result of lower sales of information and communications equipment. Operating loss was ¥819 million, a decrease of ¥1,122 million year on year; ordinary loss was ¥794 million, a decrease of ¥1,170 million; and net loss attributable to owners of the parent was ¥1,023 million, a decrease of ¥1,163 million.」

「Revenue for the nine-month period ended 31 December was ¥16,252 million, down 4.1% year on year as a result of lower sales of information and communications equipment. Operating loss was ¥1,168 million, an increase of ¥38 million year on year; ordinary loss was ¥1,133 million, an increase of ¥79 million; and net loss attributable to owners of the parent was ¥1,093 million, an increase of ¥67 million.」

「Revenue for the six-month period ended 30 September was ¥10,568 million, up 15.5% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance increased from the previous year. Operating loss was ¥1,165 million, a decrease of ¥331 million year on year; ordinary loss was ¥1,137 million, a decrease of ¥289 million; and net loss attributable to owners of the parent was ¥948 million, a decrease of ¥424 million.」

「Revenue for the three-month period ended 30 June was ¥5,216 million, up 30.7% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance performed steadily. Operating loss was ¥569 million, a decrease of ¥280 million year on year, reflecting higher revenue in both businesses.」

「Revenue for the fiscal year was ¥29,410 million, up 16.2% year on year, as sales of information and communications equipment remained steady. Operating profit was ¥303 million, down ¥265 million year on year, due to delays in improving profitability in the information and communications equipment business and the impact of quality-related costs.」

「Revenue for the nine-month period ended 31 December was ¥16,945 million, up 12.3% year on year due to steady sales of information and communications equipment. Operating loss was ¥1,129 million, an increase of ¥818 million year on year; ordinary loss was ¥1,054 million, an increase of ¥788 million; and net loss attributable to owners of the parent was ¥1,026 million, an increase of ¥896 million.」

「Revenue for the six-month period ended 30 September was ¥9,153 million, down 5.0% year on year due to lower network construction and maintenance revenue. Operating loss was ¥1,497 million, an increase of ¥1,140 million year on year; ordinary loss was ¥1,427 million, an increase of ¥1,098 million; and net loss attributable to owners of the parent was ¥1,373 million, an increase of ¥1,181 million.」

「Revenue for the three-month period ended 30 June was ¥3,989 million, down 1.4% year on year due to lower sales of information and communications equipment. Operating loss was ¥849 million, an increase of ¥381 million year on year; ordinary loss was ¥796 million, an increase of ¥342 million; and net loss attributable to owners of the parent was ¥680 million, an increase of ¥368 million.」

「Revenue for the fiscal year was ¥25,314 million, up 12.2% year on year, as both the information and communications equipment manufacturing and sales business and the network construction and maintenance business performed steadily. Due to improved margins in the information and communications equipment business, operating profit was ¥569 million, a ¥2,145 million reduction in loss year on year and a return to profitability; ordinary profit was ¥620 million, a ¥2,101 million reduction in loss and a return to profitability; and net income attributable to owners of the parent was ¥523 million, a ¥3,303 million reduction in loss and a return to profitability.」

「Revenue for the nine-month period ended 31 December was ¥15,088 million, up 5.0% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance performed steadily. Operating loss was ¥311 million, a decrease of ¥1,408 million year on year; ordinary loss was ¥266 million, a decrease of ¥1,377 million; and net loss attributable to owners of the parent was ¥130 million, a decrease of ¥2,526 million, reflecting improved margins in the information and communications equipment business.」

「Revenue for the six-month period ended 30 September was ¥9,633 million, up 13.0% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance remained steady. Operating loss was ¥356 million, a decrease of ¥705 million year on year; ordinary loss was ¥328 million, a decrease of ¥678 million; and net loss attributable to owners of the parent was ¥191 million, a decrease of ¥473 million, partly because high-margin projects in the information and communications equipment business were concentrated in the first half.」

「Revenue for the three-month period ended 30 June was ¥4,048 million, up 8.1% year on year, as steady sales of information and communications equipment outweighed the decline in network construction and maintenance. Operating loss was ¥468 million, a decrease of ¥213 million year on year; ordinary loss was ¥453 million, a decrease of ¥194 million; and net loss attributable to owners of the parent was ¥311 million, a decrease of ¥125 million.」

「Revenue for the fiscal year was ¥22,561 million, down 5.3% year on year, as lower sales in the information and communications equipment manufacturing and sales business outweighed the network construction and maintenance business remaining at the previous year's level. In the information and communications equipment manufacturing and sales business, the Company implemented cost-cutting measures including reductions in materials costs and personnel expenses, including executive and employee compensation. However, costs increased substantially as the software development period for new system development projects was extended.」

「Revenue for the nine-month period ended 31 December was ¥14,363 million, down 1.3% year on year, as the increase in network construction and maintenance partly offset lower sales of information and communications equipment. As a result of additionally recording a ¥997 million provision for contract losses attributable to higher costs for new system development projects and other factors, and a ¥163 million provision for losses related to the Antimonopoly Act recorded as an extraordinary loss, operating loss was ¥1,720 million, an increase of ¥792 million year on year, and ordinary loss was ¥1,643 million, an increase of ¥798 million.」

「Revenue for the six-month period ended 30 September was ¥8,522 million, down 9.0% year on year, as the decline in information and communications equipment manufacturing and sales outweighed steady performance in network construction and maintenance. Operating loss was ¥1,062 million, an increase of ¥187 million year on year; ordinary loss was ¥1,007 million, an increase of ¥193 million; and net loss attributable to owners of the parent was ¥665 million, an increase of ¥90 million.」

「Revenue for the three months ended the first quarter of the current consolidated fiscal year was ¥3,744 million, down 9.2% year on year, as information and communications equipment manufacturing and sales declined despite steady performance in network construction and maintenance. Operating loss was ¥682 million, an increase of ¥43 million year on year; ordinary loss was ¥647 million, an increase of ¥43 million; and net loss attributable to owners of the parent was ¥436 million, an increase of ¥21 million.」

「Revenue for the current consolidated fiscal year was ¥23,830 million, down 8.6% year on year, as the network construction and maintenance business recovered from the previous year but the information and communications equipment manufacturing and sales business declined sharply. In the network construction and maintenance business, higher profit margins accompanying increased sales and cost improvements were recorded, but these were offset by the decline resulting from the sharp reduction in scale of the information and communications equipment manufacturing and sales business. Consequently, operating profit was ¥60 million, down 77.7% year on year, and ordinary profit was ¥162 million, down 60.3%. After recording ¥162 million in extraordinary losses, including losses related to the Antimonopoly Act, net loss attributable to owners of the parent was ¥116 million.」

「Revenue for the nine months ended the third quarter of the current consolidated fiscal year was ¥14,557 million, down 18.6% year on year, due to a sharp decline in information and communications equipment manufacturing and sales. Operating loss was ¥928 million, an increase of ¥601 million year on year; ordinary loss was ¥844 million, an increase of ¥652 million; and net loss attributable to owners of the parent was ¥608 million, an increase of ¥363 million.」

「Revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥9,362 million, down 17.2% year on year, due to a sharp decline in information and communications equipment manufacturing and sales. Operating loss was ¥875 million, an increase of ¥240 million year on year; ordinary loss was ¥813 million, an increase of ¥257 million; and net loss attributable to owners of the parent was ¥574 million, an increase of ¥217 million.」

「Revenue for the three months ended the first quarter of the current consolidated fiscal year was ¥4,124 million, down 28.6% year on year, as information and communications equipment manufacturing and sales declined sharply despite steady performance in network construction and maintenance. Operating loss was ¥639 million, an increase of ¥447 million year on year; ordinary loss was ¥604 million, an increase of ¥449 million; and net loss attributable to owners of the parent was ¥414 million, an increase of ¥334 million.」

「Under these business conditions, revenue for the current consolidated fiscal year was ¥26,077 million, down 20.1% year on year, as sales of information and communications equipment manufacturing and sales declined and difficult conditions continued in the network construction and maintenance business. Operating profit was ¥270 million, down 87.9% year on year, and ordinary profit was ¥408 million, down 82.6%, reflecting the reduced scale of the information and communications equipment manufacturing and sales business.」

「Revenue for the nine months ended the third quarter of the current consolidated fiscal year was ¥17,881 million, down 15.7% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance declined. Operating loss was ¥327 million, a decline of ¥1,379 million year on year; ordinary loss was ¥192 million, a decline of ¥1,322 million; and net loss attributable to owners of the parent was ¥244 million, a decline of ¥1,151 million.」

「Revenue for the six months ended the second quarter of the current consolidated fiscal year was ¥11,303 million, down 14.4% year on year, as both information and communications equipment manufacturing and sales and network construction and maintenance declined. Operating loss was ¥634 million, a decline of ¥732 million year on year; ordinary loss was ¥556 million, a decline of ¥707 million; and net loss attributable to owners of the parent was ¥357 million, a decline of ¥562 million.」