Net One : Notice regarding revision of full-year financial forecast
April 20, 2022 at 03:45 am EDT
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April 15, 2022
To whom it may concern:
Net One Systems Co., Ltd.
(Stock Code: 7518, TSE Prime)
Notice regarding revision of full-year financial forecast
Net One Systems Co., Ltd. ("Net One Systems") hereby announces that, having considered impact from factors such as recent business trends during a meeting held on April 15, 2022, its Board of Directors reached the decision to make the following revisions to Net One Systems' consolidated financial forecast for the fiscal year ended March 31, 2022 (April 1, 2021-March 31, 2022), which was originally disclosed on April 27, 2021.
1. Revision of full-year financial forecast
Revision of consolidated financial forecast for the fiscal year ended March 31, 2022 (April 1, 2021- March 31, 2022)
Revenue
Operating income
Ordinary income
Net income attributable to owners of the parent
Earnings per share
Previous forecast (A)
Millions of yen 209,000
Millions of yen 22,000
Millions of yen 22,000
Millions of yen 15,000
Yen 180.08
Revised forecast (B)
188,000
16,000
16,000
10,500
125.48
Difference (B-A)
(21,000)
(6,000)
(6,000)
(4,500)
Change (%)
(10.0%)
(27.3%)
(27.3%)
(30.0%)
(Reference) Results for the previous fiscal year ended March 31, 2021
202,122
19,673
18,208
12,321
145.42
Notes: 1. As initially projected, Net One Systems plans to pay a year-end dividend of ¥36 per share.
2. Net One Systems conducted a share buyback in accordance with a resolution passed by its
Board of Directors at a meeting held on September 6, 2021. Accordingly, Net One Systems' revised "earnings per share" forecast for the fiscal year ended March 31, 2022 reflects impact from this share buyback.
2. Reasons for the revisions
For the fiscal year ended March 31, 2022, Net One Systems expects to report a record high of approximately ¥231.0 billion in order bookings (previous forecast: ¥217.0 billion; actual result in the previous fiscal year ended March 31, 2021: ¥203.5 billion) due primarily to strong performance in the Telecom Carrier, Public, and Partner sectors. Meanwhile, semiconductor shortages have extended the amounts of time required for equipment delivery, and Net One Systems accordingly expects to record sales for several projects (approximately ¥12.0 billion) during the fiscal year ending March 31, 2023, instead of during the fiscal year ended March 31, 2022 as originally anticipated. As a result, revenue,operating income, ordinary income, and net income attributable to owners of the parent are expected to fall short of previously announced projections.
Note: The above projections are based on information available as of the date upon which this document was released. Actual results may differ due to a variety of factors.
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Net One Systems Co. Ltd. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 07:44:06 UTC.
Net One Systems Co.,Ltd. is a Japan-based company engaged in the system construction of information and communications technology (ICT) and related services. The Company operates in four segments. The ENT segment offers products and services to general private companies. The SP segment offers products and services to telecommunication companies. The PUB segment offers products and services to central ministries, municipalities and companies providing social infrastructure. The Partner segment offers specialized products and services in collaboration with partner companies. Other businesses include server services and others. The Company has two product groups, the equipment product group which is engaged in purchasing and sales of networks and platforms for ICT systems as well as service product group which provides support and services on equipment and systems.
NET ONE SYSTEMS CO., LTD. 
