Needs Well Inc. Revises Consolidated Earnings Guidance for the Six Months Ending March 31, 2023 and Full Year Ending September 30, 2023
March 15, 2023 at 02:30 am EDT
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Needs Well Inc. revised consolidated earnings guidance for the six months ending March 31, 2023 and full year ending September 30, 2023. For six months, the company expected net sales to be JPY 4,198 million up from the previous guidance of JPY 4,138 million. Operating profit to be JPY 567 million up from the previous guidance of JPY 364 million. Profit attributable to owners of parent of JPY 378 million up from the previous guidance of JPY 266 million. Profit per share of JPY 38.40 per share up from the previous guidance of JPY 27.06 per share.
For the year, the company expected net sales to be JPY 9,059 million up from the previous guidance of JPY 9,000 million. Operating profit to be JPY 1,004 million up from the previous guidance of JPY 801 million. Profit attributable to owners of parent of JPY 679 million up from the previous guidance of JPY 567 million. Profit per share of JPY 68.93 per share up from the previous guidance of JPY 57.59 per share.
Needs Well Inc. is a Japan-based company mainly engaged in information development services and incidental services based on software development. The Company provides three services. Business system development service is involved in the system development related to the core business of customers, and system development in the fields of finance, communications, distribution, and services. Infrastructure construction is involved in the design, construction and introduction of hardware environments such as servers that serve as the foundation of information technology (IT) systems, as well as the setting of the communication device in a network environment. Embedded system development is involved in the development of applications that are embedded in medical devices, in-vehicle devices, among others. In addition, the Company also provides solution business. The business is involved in the provision of solution services based on customer business goals through solution products.