Summary of Business Results

Consolidated Business Results (Fisical 2019)


Unit Fiscal 2018
actual results
(Year ended March
31, 2018)
Fiscal 2019
actual results
(Year ended March
31, 2019)
YOY changes
Net sales Millions of yen 405,648 420,769 +3.7%
Operating income Millions of yen 32,743 38,043 +16.2%
Recurring profit Millions of yen 32,795 38,603 +17.7%
Net income attributable to parent company Millions of yen 20,620 26,034 +26.3%
Net income per share Yen 241.44 307.83 +27.5%

Net Sales
Net sales were up year on year, fueled by accurate identification of clients' needs in areas where the trend toward IT investment is particularly strong.

Operating Income
Gross profit rose, buoyed by higher sales and a 1.7 point improvement in the gross profit margin—at 22.5%. This absorbed higher selling, general and administrative expenses, primarily allocated to approached aimed at structural transformation. As a result, operating income was up year on year and the operating margin edged up 0.9 point, to 9.0%.

Net Income Attributable to Owners of the Parent Company
TIS posted year-on-year improvement in net income attributable to owners of the parent company, paralleling higher operating income and net extraordinary income.

Consolidated Business Results by Business Segment (Fiscal 2019)

Net sales


Unit Fiscal 2018
actual results
(Year ended March
31, 2018)
Fiscal 2019
actual results
(Year ended March
31, 2019)
YOY changes
Service IT Business Millions of yen 100,603 117,617 +16.9%
BPO Millions of yen 38,257 36,231 -5.3%
Financial IT Business Millions of yen 106,655 106,436 -0.2%
Industrial IT Business Millions of yen 176,485 189,595 +7.4%
Other business Millions of yen 10,688 8,982 -16.0%
Intersegment elimination/adjustments Millions of yen -27,041 -38,092 -

Note: Sales by segment in the above chart include intersegment sales.

Operating income


Unit Fiscal 2018
actual results
(Year ended March
31, 2018)
Fiscal 2019
actual results
(Year ended March
31, 2019)
YOY changes
Service IT Business Millions of yen 8,139 8,519 +4.7%
BPO Millions of yen 1,638 1,843 +12.6%
Financial IT Business Millions of yen 11,331 12,797 +12.9%
Industrial IT Business Millions of yen 11,509 14,777 +28.4%
Other business Millions of yen 1,010 961 -4.8%
Intersegment elimination/adjustments Millions of yen -884 -855 -

Service IT Business
Expanded payment settlement-related business and greater ERP replacement demand covered prior investment costs aimed at strengthening business. This led to higher segment sales and income year on year

BPO
Despite generally stable demand, segment sales were down compared with the previous fiscal year due to a significant impact from the transfer of all shares in certain Group companies to non-Group companies in line with management's policy of concentrating on core businesses. Operating income was up, reflecting segment initiatives to improve profitability, including a successful effort to improve transaction margins.

Financial IT Business
Despite favorable demand supported by a growing trend in IT investment by our core client base, especially investment in credit card-related IT, segment sales fell slightly year on year. This downturn reflects a reactionary drop following the end of some large development projects. Nonetheless, the segment's efforts to promote higher value-added business and improve productivity led to higher operating income.

Industrial IT Business
Segment sales and income were up year on year, owing to greater IT investment by a wide range of client groups, including companies in the energy business.

Update : July 9, 2019, 16:25

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