Nittetsu Solutions KK

2327

Equity

ISIN JP3379900008 / Valor 1479688

Tokyo Stock Exchange (2024-09-18)

JPY 3,600.00-1.91%

Nittetsu Solutions KK
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About company

Nittetsu Solutions KK, also known as NS Solutions Corp., is a Tokyo-based Japanese company specializing in IT services, system integration, cloud computing, and information security. Originally established in 1980 as Nippon Steel Computer System Corp. by Nippon Steel Corp., the company underwent several mergers within the Nippon Steel group before being rebranded as NS Solutions Corp. in 2001. It primarily serves enterprise clients, offering comprehensive IT lifecycle support. NS Solutions has maintained a strategic partnership with Oracle since 1991 and has been publicly traded on the Tokyo Stock Exchange since 2002. The company's business model and service offerings are comparable to those of other major Japanese IT service providers such as Itochu Techno-Solutions, SCSK, and Uniadex.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue

In the fourth quarter of the fiscal year 2023, Nittetsu Solutions KK reported record revenue, surpassing initial forecasts. This achievement was driven by strong demand for IT services and solutions, reflecting the company's robust market position and effective business strategies.

Operating Profit Growth

Nittetsu Solutions KK's operating profit for Q4 2023 also reached a new high, significantly exceeding previous quarters. The increase in operating profit was attributed to efficient cost management and the successful execution of high-margin projects.

Net Income Increase

The net income for Nittetsu Solutions KK in the fourth quarter of 2023 showed a substantial rise compared to the same period last year. This growth in net income highlights the company's improved profitability and effective financial management practices.

Dividend Announcement

For Q4 2023, Nittetsu Solutions KK announced an increase in dividends to shareholders, reflecting the company's strong financial performance and commitment to returning value to its investors. The new dividend rate is expected to be well-received by the market.

Positive Outlook

Looking ahead, Nittetsu Solutions KK has provided a positive outlook for the upcoming fiscal year. The company plans to continue leveraging technological innovations and expanding its service offerings to sustain growth and enhance shareholder value.

Summarized from source with an LLMView Source

Key figures

68.0%1Y

78.2%3Y

100%5Y

Performance

25.4%1Y

24.3%3Y

27.9%5Y

Volatility