Notice Regarding Financial Results for 3Q Ended December 31, 2020
09 FEB 2021 | IR News
LAC Co., Ltd. (TSE: 3857) today released its Financial Results for 3Q Ended December 31, 2020.
Summary of Financial Results
Net sales were 30,280 million yen, up 5.1% year on year, despite the slump in the first quarter. Security Solutions Services (SSS) business sales rose on product sales growth and increased sales of consulting services and other services. System Integration Services (SIS) business sales increased owing to growth of development services and other services.
Operating income was 420 million yen, up 13.6% year on year. This was despite the impact of expenses such as structural reinforcement of the SSS business and investment in an in-house IT system to streamline work processes, along with 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 237 million yen, down 14.9% year on year. The decrease was due to the recording, as an extraordinary loss, of expenses relating to consolidation of the business headquarters of subsidiaries being carried out with the aim of reducing costs.
Please refer to the financial results materials below for more details.