LAC Co., Ltd.

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Notice Regarding Financial Results for 1H Ended September 30, 2021

10 NOV 2021 | IR News

LAC Co., Ltd. (TSE: 3857) today released its Financial Results for 1H Ended September 30, 2021.

Summary of Financial Results

Net Sales

Net sales came to 19,668 million yen (up 0.8% year on year) on service and product sales growth in the Security Solutions Services (SSS) business, which offset weaker sales in the System Integration Services (SIS) business owing to sluggish sales of hardware and software and IT maintenance services.

Operating Income

Operating loss came to 45 million yen (vs. an operating income of 11 million yen in the previous fiscal year) due to sales capability reinforcement and other initiatives aimed at business expansion.

Net Income Attributable to Owners of Parent

Net income attributable to owners of the parent came to 126 million yen (up 191.0% year on year) as a result of higher ordinary income due to an increase in share of profit of entities accounted for using the equity method and a gain on the sale of subsidiary shares booked as extraordinary income.

Note that a characteristic of the Group's business is that earnings in the first half tend to be low because the booking of sales, particularly in the security business, is skewed heavily towards the fourth quarter.

Please refer to the financial results materials below for more details.

Financial Results for 1H Ended September 30, 2021

Financial Results(PDF 105 KB)

Financial Results Presentation(PDF 780.9 KB)