Notice Regarding Financial Results for 1Q Ended June 30, 2021
05 AUG 2021 | IR News
LAC Co., Ltd. (TSE: 3857) today released its Financial Results for 1Q Ended June 30, 2021.
Summary of Financial Results
Net sales were 9,913 million yen (up 7.9% year on year) on higher sales of both services and products in the Security Solutions Services (SSS) business, fueled by growth in demand for cybersecurity measures.
Operating loss narrowed to 226 million yen (vs. an operating loss of 316 million yen in the previous fiscal year) mainly due to the curbing of costs through implementation of telework-based business operations, which offset costs relating to sales capability reinforcement and other initiatives.
Net Income Attributable to Owners of Parent
Net loss attributable to owners of the parent narrowed to 19 million yen (vs. a net loss of 210 million yen in the previous fiscal year) on the booking of extraordinary income from gain on the sale of shares in a subsidiary.
Please refer to the financial results materials below for more details.