Looking at the Japanese economy in the fiscal year ended March 31, 2021, business sentiment deteriorated, reflecting domestic and global economic slowdowns caused by the COVID-19 pandemic, which led to decreases in consumer spending and corporate earnings. Although caution against COVID-19 continues, it is expected that the effects of the pandemic will gradually wane.
In the consolidated fiscal year ended March 31, 2021, the second year of the Medium-Term Management Plan, the Group’s overall performance in the information processing services, a subscription business , remained firm due to strong demand for data center services and cloud services, both of which are indispensable to companies’ digital transformation (DX) initiatives. However, the COVID-19 crisis had an impact on the system development services, which faced postponement and cancellation of projects, and on the information processing services, such as a decline in the use of BPO mailing services and a decrease in sales of POS and other systems equipment.
Reflecting the foregoing, actual operating results in the consolidated fiscal year ended March 31, 2021, exceeded the revised forecasts disclosed on January 29, 2021, with net sales of 30,016 million yen, down 3.5% year on year, operating income of 2,155 million yen, down 13.8% year on year, ordinary income of 2,279 million yen, down 9.9% year on year, and profit attributable to owners of the parent company of 1,494 million yen, down 10.6% year on year.
(From Summary of Consolidated Financial Results for the Year Ended March 31, 2021)