SOLXYZ Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Earnings Guidance for the Six Months Period Ending June 2020 and Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020
May 08, 2020 at 02:30 am EDT
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SOLXYZ Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2020. For the period, on consolidated basis the company reported net sales of JPY 3,150 million as compared to JPY 3,307 million for the same period last year. Operating profit was JPY 147 million as compared to JPY 147 million for the same period last year. Profit attributable to owners of parent was JPY 96 million as compared to JPY 89 million for the same period last year. Basic earnings per share was JPY 8.05 as compared to JPY 7.16 for the same period last year. Diluted earnings per share was JPY 7.91 as compared to JPY 6.96 for the same period last year.
For the six months ending June 2020, the company expects net sales of JPY 7,000 million, operating profit of JPY 350 million, profit attributable to owners of parent of JPY 230 million or JPY 19.23.
For the year ending December 31, 2020, the company expects net sales of JPY 14,500 million, operating profit of JPY 850 million, profit attributable to owners of parent of JPY 550 million or JPY 45.99.
For the year ending December 31, 2020, the company expects dividend of JPY 10.00 to JPY 16.00 per share.
SOLXYZ Co., Ltd. is a Japan-based company primarily engaged in the software development business. The Company operates in two business segments. The Software Development segment is engaged in the customized development of software and package systems, the system integration (SI) business, and the provision of related maintenance services, for the financial, information and communications industries, as well as the sale and maintenance of affiliated information equipment. The Digital Signage segment is engaged in the development and sale of digital signage equipment, the design, installation and maintenance of audio/video (AV) systems and security systems. In addition, the Company also provides multi-functional sensor for senior citizens.
SOLXYZ Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2020; Provides Earnings Guidance for the Six Months Period Ending June 2020 and Year Ending December 31, 2020; Provides Dividend Guidance for the Year Ending December 31, 2020