IX Knowledge Reports 9.5% Decrease in Fiscal Q1 Profit

MT Newswires Live

Sep 09, 2024

IX Knowledge (TYO:9753), a provider of IT consulting and business solutions, reported a 9.5% year-over-year decrease in profit attributable to owners of the parent to 336 million yen for the three months ended June 30, according to a Friday filing on the Tokyo Stock Exchange.

Earnings per share (EPS) for the quarter were 35.23 yen, down from 38.58 yen last year. Net sales for the period were 5.46 billion yen, a slight decrease of 0.8% from 5.50 billion yen a year earlier.

For the fiscal year ending March 31, 2025, IX Knowledge forecasts net sales of 22.23 billion yen, a 2.2% increase from the previous year. Attributable profit is expected to decline by 4.6% to 1.22 billion yen, with an EPS estimate of 126.12 yen.

The company plans to increase the fiscal year-end dividend to 40 yen per share, which includes a common dividend of 35 yen and a commemorative dividend of 5 yen for its 25th anniversary.

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