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itochu techno-solutions corp (4739) Details

ITOCHU Techno-Solutions Corporation provides various IT services primarily in Japan. It engages in the sale, maintenance, and support of computers and network systems; provision of operation and management services of IT systems, infrastructure operation and management services, business and application operation and management services, software development services, and satellite communications and broadcasting operation services; and sale of network and security-related equipment, storage devices, and packaged software, as well as provision of related services. The company also offers hardware for the pharmaceutical, chemical, and food product industries; software sales and support, and agency services; building facility operations management activities for computer centers; and plans, produces, and maintains Web content, as well as plans and produces advertising materials. In addition, it is involved in the provision of contact center operations, helpdesk services, and IT training, as well as planning and implementation of IT training; system development, maintenance, operation, and IT consulting; and massaging, office cleaning, and washing service for clothes dirty with office works, and light work that accompanies agriculture, etc. Further, the company offers software development, information processing, and information services related to science and engineering; exports IT products; and resells hardware and software. It serves various industries, such as telecommunication, finance, distribution, manufacturing, education and public sector, and science and engineering. The company was founded in 1972 and is headquartered in Tokyo, Japan. ITOCHU Techno-Solutions Corporation is a subsidiary of ITOCHU Corporation.

7,993 Employees
Last Reported Date: 06/23/16
Founded in 1972

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itochu techno-solutions corp
ITOCHU Techno-Solutions Corporation Strengthens its Solutions to Support Employee Health and Productivity Management through Fitbit Products

ITOCHU Techno-Solutions Corporation (CTC) commenced to sell wearable Fitbit activity trackers provided by Fitbit, Inc. for corporate accounts. They are available as part of the lineup of the Wellness Work Style, solutions to support health and productivity management for employee through IT, which are promoted by CTC. Fitbit products are wristband- or portable-style wearable activity trackers that collect data about the number of steps, heart rate, hours of sleep, diet and calories burned, and suchlike for users, and can be self-controlled using smartphones and PCs. These devices have been mainly used for individuals. To cater to the increase in demand from companies that have become more aware of health and productivity management for employee, Fitbit strengthens business for corporate accounts. CTC commences to sell Fitbit products for corporate accounts as part of the lineup for Wellness Work Style and aims at expanding the B2B2E business. Companies can distribute these products to their employees free of charge or sell or lend them as tools to consult about their lifestyles and strengthen health and productivity management by encouraging their employees to actively increase their awareness of health. CTC is also developing its original dashboard and portal, which will collect Fitbit data and make it available to the company's persons in charge of health management and the employees. The company's administrators will be able to visualize and analyze employees' health conditions by centrally controlling the data from Fitbit and other data, such as routine medical examinations and working hours, for the specific use of providing health guidance.

ITOCHU Techno-Solutions Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Declares Dividend for the Second Quarter Ended September 30, 2016; Provides Dividend Forecast for the Full Year Ending March 31, 2017

ITOCHU Techno-Solutions Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenue of JPY 175,817 million against JPY 165,230 million a year ago. Operating income was JPY 8,889 million against JPY 5,955 million a year ago. Profit before tax was JPY 8,912 million against JPY 5,955 million a year ago. Profit attributable to owners of the company was JPY 5,913 million against JPY 3,788 million a year ago. Basic earnings per share were JPY 51.14 against JPY 32.77 a year ago. The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the period, the company expects revenue of JPY 400,000 million, operating income of JPY 30,000 million, profit before tax of JPY 30,000 million, profit for the year attributable to owners of the company of JPY 19,500 million and basic earnings per share for the year of JPY 168.66. The company declared dividend for the second quarter ended September 30, 2016 of JPY 37.50 per share compared to JPY 32.50 per share a year ago. The company also provided the dividend guidance of JPY 37.50 per share for the full year ending March 31, 2017 compared to JPY 37.50 per share, a year ago.

ITOCHU Techno-Solutions Corporation to Report Q2, 2017 Results on Nov 01, 2016

ITOCHU Techno-Solutions Corporation announced that they will report Q2, 2017 results on Nov 01, 2016


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Valuation 4739 Industry Range
Price/Earnings 15.0x
Price/Sales 0.8x
Price/Book 1.7x
Price/Cash Flow 13.7x
TEV/Sales 0.7x

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