Updated Bridge Report on Simplex Technology Issued: Strong Third Quarter Earnings Business Wire TOKYO -- April 01, 2010 Investment Bridge, one of Japan's leading IR services companies, releases an updated "Bridge Report" on Simplex Technology(TOKYO:4340) reviewing its third quarter earnings. Highlights *Simplex recorded strong growth in sales and ordinary profit of 14.4% and 35.3% yoy to JPY9.28 and JPY1.67 billion. *Gross and operating profitability improved by 1.6% and 2.5% points. *Profit estimates were left unchanged despite a downward revision to its full year sales estimates. Simplex Technology is one of Japan's leading system developers specializing in solutions for financial industry applications including dealing systems, and online trading services. Simplex was established in fall 1997 by members of Salomon Brothers' system development team, and is currently on course to record its ninth consecutive year of growth in both sales and profits. During the first three quarters of the current term, Simplex recorded strong growth in sales and ordinary profit of 14.4% and 35.3% year-over-year to JPY9.28 and JPY1.67 billion respectively. Growth in Internet transaction systems and universal market services contributed to this strong performance. Also gross and operating profitability improved by 1.6% and 2.5% points to 41.5% and 18.2% respectively due to the improved mix of high profit margin business. Fully diluted earnings rose by 34.8% yoy to JPY1,706.33 per share. Simplex revised its full year sales estimates down due to weaker than anticipated system integration sales, but profit estimates remained unchanged due to strong sales of higher profitability services. Simplex's new estimates call for growth in sales and ordinary profits of 16.3% and 20.8% year-over-year to JPY13.9 and JPY3.0 billion respectively. Full year dividend payments are expected to be raised by JPY70 to JPY330 per share. Simplex remains ahead of its earnings targets in its second mid-term business plan ending March 2012, and calls for operating profits of JPY5 to JPY6 billion and operating margin of 30%. To view the full report please go to the following URL: http://www.bridge-salon.jp/english_report/100317_4340.html About Bridge Report: Bridge Report is produced by Investment Bridge Co., Ltd and provides accurate and objective information about the earnings, business strategies, and other information of publicly traded Japanese companies. Investment Bridge was founded in August 2000 and is one of Japan's leading independent IR support services companies. Investment Bridge specializes in providing various solutions to Japan's publicly traded companies with the goal of expanding our clients' shareholder base and liquidity through increased recognition and understanding of companies. Contact: Investment Bridge Co., Ltd Kaoru Hosaka,+81-3-5842-5765 simplexT@cyber-ir.co.jp
Updated Bridge Report on Simplex Technology Issued: Strong
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