Slide 1: Outline of Financial Results for Fiscal Year ended March 2003 and Outlook
Outline of Financial Results for Fiscal Year ended March 2003 and Outlook for Fiscal Year to be ended March 2004 April 30, 2003 Shigeru Suzuki Representative Director & President 1 Copyright 2003 by NS Solutions, All rights reserved.
Slide 2: Forward-Looking Statements & Pro Forma Information
FORWARD-LOOKING STATEMENTS & PRO FORMA INFORMATION This document includes statements of forward-looking descriptions regarding the intent, belief or current expectations of NS Solutions Corporation (the “Company”) or its officers in terms of its operation and financial condition. Accordingly, such s
Slide 3: 1. Outline of Financial Results for Fiscal Year ended March 2003
1.Outline of Financial Results for Fiscal Year ended March 2003 3 Copyright 2003 by NS Solutions, All rights reserved.
Slide 4: Outline of Financial Results (Consolidated)
Outline of Financial Results (Consolidated) (Billions of yen) Mar. 2002 Mar. 2003 Change A B B-A <%> Net sales 148.9 153.1 4.2 <+ 2.8%> Operating income 12.5 12.1 0.4 <- 3.1%> Recurring profit 12.4 12.1 0.3 <- 2.7%> Net income 6.4 6.2 0.2 <- 2.7%> Number of employees at end of period 4,101 4,124 23
Slide 5: Changes in Year to Year Comparison
Changes in Year to Year Comparison (Billions of yen Mar. 2002 Mar. 2003 Change Net sales: Actual Actual Increased mainly in Net sales 148.9 153.1 4.2 Business Solutions 78.5 81.8 3.2 Business Solutions Platform Solutions 35.2 35.0 0.2 Recurring profit: Business Services 35.2 36.3 1.1 Increased gross
Slide 6: Net Sales Trend by Customer's Industry (Consolidated)
Net Sales Trend by Customer’s Industry (Consolidated) (Billions of yen) Mar. 2000 Mar. 2001 Mar. 2002 Mar. 2003 Change Pro forma Pro forma consolidated consolidated Actual A Actual B B-A Share Share Share Share Manufacturing, distribution and consumer packaged goods 63.6 47.9% 67.2 46.1% 64.7 43.4%
Slide 7: Changes Compared with Previous Outlook
Features of Interim Results Consolidated -Changes Compared with Previous Outlook (Billions of yen Mar 2003 Mar. 2003 Change Previous outlook Actual Net sales 157.0 153.1 3.9 Recurring profit 12.6 12.1 0.5 Net income 6.6 6.2 0.4 Net sales: Platform Solutions business not achieved Profit: For the sake
Slide 8: 2. Financial Results Outlook for Fiscal Year to be ended March 2004
2.Financial Results Outlook for Fiscal Year to be ended March 2004 8 Copyright 2003 by NS Solutions, All rights reserved.
Slide 9: Market Trends
Market Trends 1.IT investment recovery as a whole continues to be below expectation 2. Our business market trends <By Customer Sector > Manufacturing: Financially stable companies keeping active IT investment Financial Sector: Curtailment of investment continues Public Sector: Constant and steady de
Slide 10: Outlook Summary (Consolidated)
Outlook Summary (Consolidated) Billions of yen Mar. 2003 Actual Mar. 2004 Outlook Change A B B-A <%> Net sales 153.1 150.0 3.1 < 2.0%> Operating income 12.0 11.9 0.1 < 0.8%> Recurring profit 12.1 12.0 0.1 < 0.7%> Net income 6.2 6.4 0.2 < 2.5%> Recurring profit margin 7.9% 8.0% + 0.1% Recurring profi
Slide 11: Comments on Financial Results Outlook -1
Comments on Financial Results Outlook for fiscal year ended March 2004 -1 (Billions of Yen) 1,600 148.9 153.1 150.0 1,500 1,400 1,300 1,200 +3% Large scale development +6% project for public sector 1,100 1,000 Mar.2001 Mar.2002 Mar.2003 11 Copyright 2003 by NS Solutions, All rights reserved.
Slide 12: Sales Breakdown by Solutions/Service -2
Comments on Financial Results Outlook Sales Breakdown by solutions/service -2 (Billions of yen Mar. 2003 Mar. 2004 Changes Actual Outlook Net sales 153.1 150.0 3.1 Business Solutions 81.8 77.0 4.8 Platform Solutions 35.0 36.0 1.0 Business Services 36.3 37.0 0.7 12 Copyright 2003 by NS Solutions, All
Slide 13: Financial Results Outlook for 1st half -3
Financial Results Outlook for 1st half of Fiscal Year to be ended March 2004 -3 Mar.2003 Mar.2004 Actual Outlook Change 1st half 1st half 1st half Net sales 68.8 153.1 64.0 150.0 4.8 3.1 Gross profit 14.6 30.3 12.7 30.1 1.9 0.2 Operating profit 5.4 12.1 3.5 11.9 1.9 0.2 Recurring profit 5.5 12.1 3.6
Slide 14: Main measures taken during Fiscal Year ended March 2003
Main measures taken during Fiscal Year ended March 2003 Restructured business models of HQ, branch offices and regional subsidiaries Listed on the Tokyo Stock Exchange (1st Section ) Established a subsidiary in China Intensified comprehensive customer relation by reorganization Unification of p
Slide 15: Main measures to be taken during Fiscal Year to be ended March 2004
Main measures to be taken during Fiscal Year to be ended March 2004 Strengthen customer relation and intensify major account through reorganization, focusing by industry Refine subcontracting scheme Enhance recurring business ratio Establish competitive-cost development scheme Promote China bus
Slide 16: Main measures to be taken during Fiscal Year to be ended March 2004
Main measures to be taken during Fiscal Year to be ended March 2004 Policy mix to realize a business model (Sale ¥200BN, Operating profit ¥20BN) includes; Expansion of business resource engagement to manufacturing-industry business Reinforcement of providing business service and outsourcing capabili
Slide 17: 3. Reference
3.Reference 17 Copyright 2003 by NS Solutions, All rights reserved.
Slide 18: 3-1. Financial Data for Fiscal Year ended March 2003
3-1.Financial Data for Fiscal Year ended March 2003 18 Copyright 2003 by NS Solutions, All rights reserved.
Slide 19: Income Statements (Non-consolidated)
Income Statements (Non-consolidated) (Billions of Yen) Mar. 2002 Mar. 2003 Change A B B-A <%> Net sales 131.7 137.9 6.2 < 4.7%> Operating income 10.1 9.7 0.4 < 3.9%> Recurring profit 10.0 9.9 0.1 < 1.4%> Net income 5.3 5.3 0.0 < 0.6%> Number of employees at end of period 2,058 2,046 12 < 0.6%> 19 Co
Slide 20: Balance Sheets (Consolidated)
Balance Sheets (Consolidated) Billions of yen Mar. 2002 Mar. 2003 Change Actual Actual Cash and bank deposits and deposited money 15.1 25.7 + 10.6 Current assets 52.5 76.4 + 23.9 Non-current assets 12.7 13.9 + 1.1 Total assets 65.2 90.3 + 25.1 Short-term loans 0.0 0.0 - Current liabilities 33.1 39.9
Slide 21: Cash Flows Statements (Consolidated)
Cash Flows Statements (Consolidated) Billions of yen Mar. Mar. 2002 Change 2003 Effect of acquiring EI Division's business increase of capital, purchase of Net business and cash owned by newly consolidated subsidiaries) * A B B-A Cash and cash equivalents at beginning of period (net of cash owned by
Slide 22: 3-2. Outlook Data for Fiscal Year to be ended March 2004
3-2. Outlook Data for Fiscal Year to be ended March 2004 22 Copyright 2003 by NS Solutions, All rights reserved.
Slide 23: Outlook Summary (Non-consolidated)
Outlook Summary (Non-consolidated) (Billions of yen) Mar. 2003 Mar. 2004 Actual Outlook Change A B B-A <%> Net sales 133.0 - 4.9 <- 3.5%> Recurring profit 9.4 - 0.5 <- 4.9%> Net income 5.2 - 0.1 <- 2.5%> Recurring profit margin 7.2% 7.1% - 0.1% Recurring profit per employee (million yen per employee
Slide 24: Balance Sheets (Consolidated)
Balance Sheets (Consolidated) Billions of yen Mar 2003 Mar 2004 Change Actual Outlook Cash and bank deposits and deposited money 25.7 27.6 + 1.9 Current assets 76.4 82.0 + 5.6 Non-current assets 13.9 14.9 + 1.0 Total assets 90.3 96.8 + 6.5 Short-term loans 0.0 0.0 - Current liabilities 39.9 40.3 + 0
Slide 25: Cash Flows Statements (Consolidated)
Cash Flows Statements (Consolidated) Billions of yen Mar. 2004 Mar. 2003 Change Outlook A B B-A Cash and cash equivalents at beginning of year (net of cash owned by a deconsolidated 15.1 25.7 + 10.6 subsidiary) Net cash provided by operating activities 1.9 4.6 + 2.7 Net cash used for investing activ