Notice Regarding Financial Results for 1H Ended September 30, 2020
10 NOV 2020 | IR News
LAC Co., Ltd. (TSE: 3857) today released its Financial Results for 1H Ended September 30, 2020.
Summary of Financial Results
Net sales for 1H ended September 30, 2020, were 19,504 million yen, up 3.6% year on year, despite the impact of COVID-19. Security Solutions Services (SSS) business sales rose on product sales growth and increased sales of services such as consulting, assessment, and monitoring. System Integration Services (SIS) business sales increased owing to growth in hardware and software sales.
Operating income was 11 million yen, down 80.7% year on year. The decrease was mainly due to structural reinforcement of the SSS business, investments in an in-house IT system overhaul aimed at work process streamlining, and special lump-sum relief payments made to employees mainly to help cover the costs of working from home.
Net Income Attributable to Owners of Parent
Net income attributable to owners of parent was 43 million yen, down 25.6% year on year as a result of decreases in operating income and ordinary income.
Please refer to the financial results materials below for more details.