SIOS Technology, Inc.
Earnings of the period ended December 2007.
SIOS posts an ordinary surplus of 137 million yen thanks to brisk sales of main products.
SIOS aims to take net income into the black in this coming period
SIOS Technology, Inc (Head office: Minato-ku, Tokyo; President and CEO: Nobuo Kita) is pleased to announce its earnings for the period ended December 2007 and its performance forecasts for the period ending December 2008.
Change in consolidated performance
(The % column indicates year-on-year percentages)
| Results of the period ended December 2006 |
Results of the period ended December 2007 |
Forecasts for the period ending December 2008 |
||||
|---|---|---|---|---|---|---|
| Millions of yen | % | Millions of yen | % | Millions of yen | % | |
| Sales | 5,125 | － | 5,851 | 4.2 | 6,400 | 9.4 |
| Operating income | −13 | － | 118 | － | 140 | 18.1 |
| Ordinary income | −16 | － | 137 | － | 150 | 8.9 |
| Net income | −184 | － | −51 | － | 20 | － |
| EBITDA | 184 | － | 511 | 177.7 | 530 | 3.6 |
* No percentage change from the previous period is stated for the period ended December 2007 since consolidated financial statements have been prepared since the period ended December 2007.
* EBITDA is calculated as Operating income + Depreciation and amortization + Goodwill amortization.
1. General conditions of consolidated earnings for the period ended December 2007
In the period ended December 2007, both sales and earnings rose; sales were 5,851 million yen (up 14.2% year-on-year), ordinary income was 137 million yen (−16 million yen in the previous period), and EBITDA was 511 million yen (up 177.7% year-on-year) thanks to steady growth achieved through efforts to expand sales of LifeKeeper1, a product of SteelEye Technology, Inc. (hereinafter referred to as “SteelEye”), a U.S. subsidiary that has been consolidated since the second half of 2006, in the Japanese, U.S. and European markets and steadiness of the software business including Red Hat Enterprise Linux2 in the Japanese market.
2.Forecasts for consolidated performance in the period ending December 2008
Our forecasts for consolidated performance in the period ending December 2008 are as follows: We expect sales to be 6,400 million yen (up 9.4% year-on-year); ordinary income to be 150 million yen (up 8.9% year-on-year); net income to be 20 million yen (−51 million yen in the previous period); and EBITDA to be 530 million yen (up 3.6% year-on-year). We will make efforts in the growing areas, which include LifeKeeper, Web applications and open source software, by selecting and concentrating on them, and will strive to further foster our own products and services.
1 LifeKeeper
LifeKeeper is HA (High Availability) cluster software developed by SteelEye Technology, Inc. In addition to a production server, the software lets a spare server with the same operating environment act as a standby, and in the event of a system failure the spare server then automatically takes over the tasks that the production server used to perform.
2 Red Hat Enterprise Linux
Red Hat Enterprise Linux is a type of Linux OS developed by Red Hat, Inc., the world’s biggest distributor of Linux OS.
| About SIOS Technology |
|---|
| The core business of SIOS Technology includes development, sale, system integration and support of software products. Its share of support of open source software including Linux is in the top class in Japan, and LifeKeeper, high availability cluster software developed in the United States, has been supporting many companies in the world. Its Web application development business with Java as the core technology boasts high technological ability and a long implementation history as a pioneer in the industry. SIOS has been listed on the Mother’s section of the Tokyo Stock Exchange since 2004. The company name was changed from 10art-ni in 2006, as we aim to be a software company that can be accepted throughout the world. * Linux is a trademark of Linus Torvalds. |
