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)