Record sales, current profit, and profit for the year
ISID posts improved revenue and earnings figures for its 25th financial term
Information Services International - Dentsu, Ltd. (ISID, headquartered in Nakano, Tokyo; Jutaro Takinami, CEO; ¥743 million in capital) recently released financial results for its 25th business term (April 1999 to March 2000). The company posted ¥49,594 million in revenue (up 6.8 percent on the year before), ¥2,163 million in net ordinaly income (up a corresponding 81.2 percent), and ¥1,101 million in net income for the term (up 193.6 percent). These were all record levels for revenue, current profit and net profit.
By category of products and services, software products (revenue from the sale and post sales support of outsourced software packages) rose 5.9 percent year on year, supplying a 38.6 percent share of the revenue total. Additionally, software products (revenue from the sale and post sales support of in-house developed products) widened 38.1 percent, accounting for a 4.4 percent share. Revenue from system development expanded 19.3 percent, for a 32.8 percent share of the revenue total. Revenue from hardware products declined 13.3 percent, for a 12.7 percent share. Revenue from information processing & telecommunications services (network services and system operation services) dipped 9.8 percent, for a 10.2 percent share.
By customer segment, billings to financial sector clients were up 3.8 percent on the year before, up 25.3 percent to businesses in the distribution, retailing, and service sectors, and down 5.3 percent to companies in the manufacturing sector. In terms of total billings, the financial sector accounted for 21.4 percent (compared with 22.0 percent the year before); the distribution, retailing, and service sectors, 38.7 percent (33.0 percent the year before); and the manufacturing sector, 39.9 percent (45.0 percent the year before).
The following factors in particular contributed to the year-on-year increase in revenue and profit.
-Major contracts from clients in the financial sector, for Internet banking systems and RTGS systems
-Contracts from Dentsu Inc. and other clients upgrading to Year 2000 ready systems, for large-scale systems development and associated information hardware
-Cost reductions attributable to efficiency streamlining and far-reaching
efforts in systems development-related risk management
<Business performance> (unit: millions of yen)
49,594 |
46,445 |
106.8% | |
2,163 |
1,194 |
181.2% | |
1,967 |
985 |
199.7% | |
1,101 |
375 |
293.6% |
16,271 |
13,644 |
119.3% | ||
2,196 |
1,590 |
138.1% | ||
5,043 |
5,594 |
90.2% | ||
23,511 |
20,829 |
112.9% | ||
19,130 |
18,056 |
105.9% | ||
6,285 |
7,249 |
86.7% | ||
666 |
310 |
214.8% | ||
26,082 |
25,616 |
101.8% | ||
49,594 |
46,445 |
106.8% |
