REG - Nippon Telegraph - SUBSIDIARY'S ANNOUNCEMENT

Nippon Telegraph and TelephoneAnnouncement

25/04/2019 08:35

RNS Number : 0753X
Nippon Telegraph and Telephone Corp
25 April 2019
 


April 25, 2019
 



















Company Name: Netyear Group Corporation




















Representative: Fujiyo Ishiguro, President and Chief Executive Officer




















(Code No.: 3622, Tokyo Stock Exchange Mothers Market)




















Tel: +81-3-6369-0550



 



















Parent Company: NTT DATA Corporation




















Representative: Yo Honma, President and Chief Executive Officer




















(Code No.: 9613, First section of Tokyo Stock Exchange)



 



















Parent Company: Nippon Telegraph and Telephone Corporation




















Representative: Jun Sawada, President and Chief Executive Officer




















(Code No.: 9432, First section of Tokyo Stock Exchange)



 
NOTICE REGARDING NETYEAR GROUP CORPORATION'S ANNOUNCEMENT OF THE REVISION OF FINANCIAL FORECASTS
 
 
Based on recent business performance trends, Netyear Group Corporation has announced today the revision of its financial forecasts for the fiscal year ending March 31, 2019, which were previously announced on February 5, 2019, as stated below.
 
1.      Revised Consolidated Financial Forecasts for the Fiscal Year Ended March 31, 2019
(Millions of yen)







Operating
Revenues


Operating
Income


Recurring
Profit


Profit Attributable to Owners of Parent


Earnings
per Share




Previous Forecast (A)


5,400


(70)


(71)


(168)


(24.00) yen




Revised Forecast (B)


5,513


21


20


(83)


(11.94) yen




Change (B-A)


113


91


91


84








Percentage Change (%)


2.1


―


―


―








(Reference) Results of the Fiscal Year Ended March 31, 2018


6,189


(51)


(53)


312


44.71 yen



 
2.      Revised Non-Consolidated Financial Forecasts for the Fiscal Year Ended March 31, 2019
(Millions of yen)







Operating
Revenues


Operating
Income


Recurring
Profit


Net Income


Earnings
per Share




Previous Forecast (A)


3,380


(120)


(120)


(196)


(28.00) yen




Revised Forecast (B)


3,403


(58)


(57)


(133)


(19.05) yen




Change (B-A)


23


61


62


62








Percentage Change (%)


0.7


―


―


―








(Reference) Results of the Fiscal Year Ended March 31, 2018


4,111


(158)


(159)


169


24.15 yen



 
3.      Reason for the Revision
Both Netyear Group Corporation's consolidated and non-consolidated earnings are expected to exceed the previously announced forecast, because of an expected increase in revenues of its consolidated subsidiary, Tribal Media House, Inc., from the previous forecast and, primarily with respect to the non-consolidated earnings forecast, because of increased profitability as a result of strengthening project management to prevent problems and in-house production to control outsourcing costs.
 
Note on Financial Forecasts:
The above forecasts are based on the information currently available to Netyear Group Corporation as of the date of this announcement, and include certain potential risks and uncertainties. As a result, various factors in the future could cause actual results to differ materially from the above forecasts.




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END
 
 
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