Nomura System Corporation <3940> announced its financial results for the third quarter of the fiscal year ending December 2024 (January - September 2024) on the 13th. Revenue increased by 13.4% year-on-year to 2.434 billion yen, operating profit rose by 26.2% to 0.398 billion yen, ordinary profit climbed by 25.8% to 0.398 billion yen, and quarterly net profit grew by 15.9% to 0.273 billion yen.
In the surrounding environment of the company, due to serious labor shortages leading to investment in labor-saving measures, the pace of IT investment by companies continues to show an increasing trend with efforts in digital transformation (DX) and the introduction of cloud-based systems. Against this background, the company has been promoting sales activities centered on its strength in human resources solutions to win more contracts for the sap se-sponsored adr package implementation as a main board (prime contract). Additionally, it has actively engaged in the Function Implement Service (FIS) and DX sales to stabilize orders and expand its customer base.
For the full-year financial estimates for the fiscal year ending December 2024, the initial plan remains that revenue will increase by 8.7% year-on-year to 3.203 billion yen, while operating profit, ordinary profit, and net income are expected to decrease by 30.4% to 0.324 billion yen, and net profit is projected to decline by 38.5% to 0.221 billion yen.
