I-NET at a Glance

Recent performance has been strong, bolstered by the tailwind of the market, with net sales increasing for the ninth consecutive fiscal year and profit increasing for the tenth consecutive fiscal year. In addition, both net sales and profit reached record levels.
The results forecast for the fiscal year ending March 31, 2021 is as stated in the “Notice on Revision of Full-year Forecast” announced on January 29, 2021. The previous forecast was calculated with the outlook that the COVID-19 outbreak would subside, and economic activity would gradually recover. However, the outbreak is taking a long time to subside and although economic activity is recovering, uncertainty remains at present due to another declaration of a state of emergency. The results forecast has been revised because it is expected to fall short of the previous full-year forecast due to the business environment surrounding the Group and the results for the nine months ended December 31, 2020. We have been aiming to achieve the tenth consecutive year of increased revenue and the eleventh consecutive year of increased profit in the fiscal year ending March 31, 2021, but the increases in revenue and profit are expected to be interrupted due to the impact of two declarations of a state of emergency as a result of the unexpected COVID-19 pandemic. In particular, timing of the second declaration overlapped with the fourth quarter when we have the most system development service sales, resulting in a significant impact. The data center and cloud service business that has supported recent growth continued to perform well, but the main reason for the impact is that several large projects were postponed until next fiscal year, and the decline in system development services could not be adequately covered. For details on the results forecast, please refer to the “Notice on Revision of Full-year Results Forecast.”
There is no change to the forecast concerning dividends. We intend to increase dividends for the ninth consecutive fiscal year due to our emphasis on providing returns to shareholders who have supported our company’s growth until now. We also aim to provide stable returns in future.

• The forecasts for results of operations in this report are based on information currently available to the Company and assumptions determined to be reasonable, and actual results may differ significantly from the forecasts due to various factors.

For details, see Financial Data