Notice Regarding Financial Results for the Year Ended March 31, 2021
12 MAY 2021 | IR News
LAC Co., Ltd. (TSE: 3857) today released its Financial Results for the Year Ended March 31, 2021.
Summary of Financial Results
Despite a slump in the first quarter, demand for services related to security solutions increased toward the end of the fiscal year. Security Solutions Services (SSS) business sales therefore rose on product sales growth and increased sales of consulting services, assessment services, and other services. Likewise, System Integration Services (SIS) business sales increased owing to the expansion of solution services and development services, and other factors. As a result, net sales were 43,693 million yen, up 8.0% year on year.
Operating income was 2,117 million yen, up 19.8% year on year. This was despite the impact of expenses such as moves to strengthen the workforce 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 304 million yen, down 72.1% year on year, as valuation loss on slow moving work in process was recorded as extraordinary loss.
Please refer to the financial results materials below for more details.