Nippon Systemware Q1 revenue rises but profits fall

Nippon Systemware reported Q1 net sales of 11.4bn yen, up 4.2% year-over-year, but operating profit fell 10.3% to 863m yen and net income dropped 8.6% to 605m yen.

Service Solutions led segment growth at 9.7%, while Enterprise Solutions rose 1.9%. The company maintained its full-year forecast of 51bn yen in sales and 5.1bn yen operating profit.