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Financial Data

Latest Business Results and Outlook

Latest Business Results and Outlook

Latest Business Results

Million yen

First half of FY2021 First half of FY2022 Change over previous fiscal year Rate of change over previous fiscal year
Net sales 14,884 14,935 50 0.3%
Operating Income 829 986 156 18.9%
Profit attributable to owners of parent 372 715 342 92.1%

In the first half of the fiscal year ending in March 2022, some industries continued to face harsh conditions due to the impact of an increase in COVID-19 cases over the summer, but overall the Japanese economy is recovering. Expectations that demand would recover as the state of emergency was lifted and the vaccine rollout progressed indicate that improvements in economic sentiment for face-to-face services can also be anticipated. Despite the protracted impact of COVID-19, investment in the corporate sector is improving and software investment is also expected to be solid.

In the first half of this consolidated fiscal year, I-NET addressed demand for data center services and cloud services, which are indispensable for customers’ digital transformation (DX) initiatives, and information processing services remained good performers. In system development services, there were delays in starting new development projects, but the financial, distribution, and communication service industries are recovering steadily.

As a result, net sales were up 0.3% over the previous year to 14,935 million yen. On the income side, operating income rose 18.9% to 986 million yen and ordinary income increased 28.2% to 1,095 million yen over the previous year due to improvements in personnel operating efficiency in system development services. Net income attributable to owners of the parent company rose 92.1% to 715 million yen, as the extraordinary loss posted in the previous consolidated fiscal year was not a factor this year.

(from the financial statements for the first half of the fiscal year ending in March 2022)

Forecast

Million yen

First half of FY2021 First half of FY2022 Change Forecast of FY2022 Progress rate
Net sales 14,884 14,935 50 32,500 46.0%
Operating profit 829 986 156 2,330 42.3%
Ordinary profit 854 1,095 241 2,330 47.0%
Profit attributable to owners of parent 372 715 342 1,600 44.7%

In the business environment affecting I-NET, the impact of COVID-19 is dragging on, but even so, investment in the corporate sector is improving and software investment is also expected to be strong. In the information service industry to which the Group belongs, in this “new normal,” initiatives in the digital transformation (DX) field, such as contactless and non-face-to-face services, the spread of cloud computing, greater use of big data and artificial intelligence (AI), IoT promotion, and efforts to enhance operational efficiency are expected to continue.
In this environment, the Group will continue to reinforce DX initiatives even more, focusing on its solid data center services and cloud services, and work to bring sales to record-high levels.

Financial Data

IR Calendar

  • January 31, 2022Announcement of the financial results of 3Q
  • In the early of May 2022Announcement of the financial results of the fiscal year
  • In the middle of May 2022Briefing of the financial results for FY2022 (For Institutional Investor and Analyst)

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