Forecast of consolidated financial results for the fiscal year ending March 31, 2024 *As of July 19, 2023
The full-year consolidated financial results forecast for the fiscal year ending March 31, 2024, which was announced on April 27, 2023, has been revised as indicated below because Fontworks' performances in October 2023 and beyond are not reflected in forecasts due to its exclusion from consolidation, as well as the impact of the extraordinary income to be recorded due to the Transfer. The Company is still in the process of carefully examining future trends from business perspectives.
(Millions of yen)
| Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |
|---|---|---|---|---|
| Forecasts for the fiscal year ending March 31, 2024* | 68,000 | 5,900 | 5,750 | 8,200 |
| Actual results for the fiscal year ending March 31, 2023 | 67,227 | 5,557 | 5,499 | 3,497 |
*The above forecast is prepared based on information available as of the issuing date of this notice, and therefore actual results may differ from these forecast figures due to various factors.
In the Telecommunication segment, although sales are expected to decrease due to the return of a vendor management project and a change in customers' appetite for investment, the Company intends to increase its gross profit margins continuously by improving productivity through the standardization of development and other measures and facilitating the utilization of overseas resources.
In the Enterprise segment, the number of projects of prospective customers are engaged in are expected to increase, reflecting the continuation of strong demand related to the promotion of DX with an eye toward the post COVID-19 business environment, while in security, sales will continue to rise because the steady progress in Managed Security Services is expected to continue.
In the Public Sector segment, the Company anticipates that it will be able to improve profitability, partly by reducing costs through the improvement of quality and productivity and partly because various large projects will be in their operation phase.
In the Consumer segment, there will be a declining trend in sales due to the impact of contract changes in the contract in the business of operating e-commerce sites as an agent.