Tokyo Stock Exchange 1st Section: Securities Code 3992
Needs Well Inc.
Financial Results
for the Second Quarter of Fiscal Year 2021
(October 1, 2020 - March 31, 2021)
May 12, 2021
1. 2021/9 2Q Financial report summary
2. 2021/9 Results forecast
3. Growth strategy
4. Reference
FY2021/9 2Q Financial Results | 2 |
1.1) Financial highlights
Sales and profits both reached record high levels on a second quarter basis
since Needs Well's establishment in 1986
(Unit: million JPY) Net sales 2,850
(Unit: million JPY) Ordinary profit | (Unit: million JPY) Net profit | |||||
350 | 350 | |||||
300 | 300 | |||||
2,820
2,809
0
2,818
+0.3%
YoY
301 | |||||||
250 | 250 | ||||||
267 | +12.7% | ||||||
200 | YoY | 200 | |||||
206 | |||||||
150 | 150 | 179 | |||||
+14.7% | |||||||
100 | 100 | YoY | |||||
50 | 50 | ||||||
0 | 0 | ||||||
FY20/9 2Q FY21/9 2Q
FY20/9 2Q | FY21/9 2Q | FY20/9 2Q | FY21/9 2Q |
FY2021/9 2Q Financial Results | 3 |
1.2) Performance progression rate
Sales progression was on a level 1.8pts higher year on year
Profits have already achieved over 50% by 2Q | |||||||||||||||||
Progression | 2Q performance | Despite the negative impact of the | |||||||||||||||
spread of COVID-19,sales for | |||||||||||||||||
rate, | (FY21/9 target) | ||||||||||||||||
Net sales | telecommunications remained strong | ||||||||||||||||
48.6%, | +1.8pts | ||||||||||||||||
due to demand for revisions of price | |||||||||||||||||
plans for mobile phones. | |||||||||||||||||
Business Systems SI * | Aim to release logistics package in | ||||||||||||||||
47.3% | |||||||||||||||||
summer 2021. | |||||||||||||||||
Infrastructure Services * | Development continued at a stable pace | ||||||||||||||||
46.2% | |||||||||||||||||
due to coordination between Business | |||||||||||||||||
Systems SI and Solutions/Products, etc., | |||||||||||||||||
Connected Systems * | 55.8% | for total orders. | |||||||||||||||
Development continued at a stable pace | |||||||||||||||||
Solutions/Products, etc. * | 62.5% | despite the negative impact of the | |||||||||||||||
spread of COVID-19 on orders for the | |||||||||||||||||
Operating profit | 57.1%, | +8.4pts | manufacturing industry. | ||||||||||||||
Expanded solution lineup. | |||||||||||||||||
Ordinary profit | 56.1%, | +7.5pts | In particular, Needs Well's unique | ||||||||||||||
solutions for the Concur series, Speed | |||||||||||||||||
EA and Invoice PA, remained strong. | |||||||||||||||||
Net profit | 55.7%, | +8.3pts | Focus on IT re-engineeringfor | ||||||||||||||
supporting corporate DX. | |||||||||||||||||
FY2021/9 2Q Financial Results | 4 |
1.3) Ordinary profit analysis
Ordinary profit increased 12.7% year on year with the
contribution of increased gross profit due to improved productivity
■ Increase ■ Decrease Unit: million JPY
267
301
+12.7%
Gross profit increased with successful measures to improve productivity (transition to remote development, etc.)
Advertising expenses increased with focus on online sales
R&D investment and stock
YoY
Increase owing to temporary costs recorded due to special factors in FY20/9 (relocating head office, opening Nagasaki Development Center, etc.) not being required in FY21/9
issuance costs increased
FY20/9 2Q | FY21/9 2Q |
Ordinary profit | Ordinary profit |
FY2021/9 2Q Financial Results | 5 |
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