12 Vol. 28 Net One Systems Co., Ltd.

Shareholder Information
Fiscal Year
April 1 through March 31
Annual Shareholders Meeting
June
Dates of Record
Annual Shareholders Meeting March 31
Year-End Dividend March 31
Interim Dividend September 30
Shareholder Registry Administrator and
Special Account Management Institution
Sumitomo Mitsui Trust Bank, Limited
1-4-1, Marunouchi, Chiyoda-ku, Tokyo
Shareholder Registry Administrator
1-4-1, Marunouchi, Chiyoda-ku, Tokyo
Office Contact
Stock Transfer Agency Business Planning Dept., Sumitomo Mitsui Trust Bank, Limited
Mailing Address
Stock Transfer Agency Business Planning Dept., Sumitomo Mitsui Trust Bank, Limited
1-10 Nikko-cho, Fuchu-shi, Tokyo 183-8701, Japan
Telephone
0120-176-417
Website
http://www.smtb.jp/personal/agency/index.html
Stock Listing
First Section of Tokyo Stock Exchange
Securities Code
7518
Share Unit (Trading Unit)
100 shares
Method of Public Notice
Public notices of the Company shall be made via electronic notification. In the event that this
method is not available due to accidents or other circumstances, the Company will publish
announcements via the Nihon Keizai Shimbun.
12 Vol. 28
Announcement URL http://www.netone.co.jp/
April 1, 2012 to September 30, 2012
Procedures relating to share transactions
Shares registered in accounts of securities firms and others
Procedures, inquiries, etc.
Contact address
Stock Transfer Agency Business Planning Dept.,
Sumitomo Mitsui Trust Bank, Limited
1-10 Nikko-cho, Fuchu-shi, Tokyo 183-8701, Japan
Tel: 0120-176-417
Inquiries on sending and return of mailed material
Inquiries on dividends after the payment period
Shareholder Registry
Administrator
equest for purchase of a share less than one unit
R
and inquiries and procedures other than the above
Please contact the securities firm or equivalent where you hold your account.
Shares registered in special accounts
Procedures, inquiries, etc.
Contact address
equest for transfer from special account to
R
general account
Change of address, name, etc.
Inquiry on the balance of the special account
Change of method for receiving dividends
Special Account
Management
Institution
Inquiries about the sending and return of
mailed material
Inquiries about dividends after the payment period
Shareholder Registry
Administrator
Stock Transfer Agency Business Planning Dept.,
Sumitomo Mitsui Trust Bank, Limited
1-10 Nikko-cho, Fuchu-shi, Tokyo 183-8701, Japan
Tel: 0120-176-417
—Notice—
(Mailing Address)
As of January 4, 2013, the mailing address and telephone number
of the Stock Transfer Agency Business Planning Dept. of Sumitomo
Mitsui Trust Bank, Limited will change as denoted at right.
(Telephone)
Net One Systems Co., Ltd.
Stock Transfer Agency Business Planning Dept.,
Sumitomo Mitsui Trust Bank, Limited
2-8-4 Izumi, Suginami-ku, Tokyo 168-0063, Japan
0120-782-031
2-2-8 Higashi Shinagawa, Shinagawa-ku, Tokyo 140-8621, Japan
Tel: +81-3-5462-0800
http://www.netone.co.jp/english/
CONTENTS
To Our Shareholders
P. 1
Operating Results
P. 3
Special Topics
P. 5
Consolidated Financial Statements
P. 7
Stock Information / Corporate Data
P. 9
Securities Code: 7518
To Our Shareholders
For the first-half period
of the fiscal year
ending March 31,
2013
Q
How did the Company perform during
the first-half period under review?
11,892 million yen (up 61.3%) and revenue stood at
Revenue grew, yet income declined
bookings accepted were 24,524 million yen (up 16.2%)
Bookings accepted stood at 81,490 million yen (up
Bookings accepted (unit: million yen)
1st half
2nd half
9,057 million yen (up 61.6%). For service businesses,
81,000 or more 162,490 or more
(estimated) (estimated)
81,490
FY2012
and revenue was 22,957 million yen (up 2.4%).
4.3% year over year), revenue totaled 76,997 million
82,511 160,667
78,155
FY2011
yen (up 10.4%), and operating income was 4,595
Takayuki Yoshino
million yen (down 26.4%). As a result, we saw a
President & CEO
growth in revenue but a decline in income. Gross profit
Q
also declined, owing to a drop in revenues from service
We at Net One Systems Co., Ltd. have made
it our most important priority to achieve
“sustainable growth” under the current
management policy. To accomplish this,
revenue from certain higher margin products, and
We will strive to surpass our revised
earnings forecast
delays in reducing subcontract expenses. Operating
Despite solid bookings accepted from central and local
income declined due to the decline in the gross profit,
governments, we expect both bookings accepted and
businesses, including equipment maintenance, a fall in
even though we succeeded in curbing selling, general
revenue to fall below our initial forecast due to a drop
we have laid out the key strategies of
and administrative expenses, as in FY2011 (April 1,
in bookings accepted from telecom carriers. In terms of
(1) improving of customer satisfaction,
2011 to March 31, 2012).
income, we anticipate that revenue from certain higher
(2) providing new platform, and (3) improving
margin products will decline and that delays in reducing
of employee satisfaction.
subcontract expenses will persist in the third quarter
As part of these three strategies, during the
consolidated first-half period of FY2012 (April 1,
Q
2012 to March 31, 2013), we established the
every effort to exceed the downward revisions to our
Significant recovery seen in Public Sector
(AP Sector)
earnings forecast for FY2012 announced on October
yen and operating income of 11,295 million yen.
can experience firsthand demonstrations of
recovery in the first-half period under review, but overall
With respect to our year-end dividend, we plan to
next-generation data centers and virtualization.
a weak undertone persisted. In Telecom and Internet
boost our consolidated payout ratio at 30% or
We also stepped up marketing efforts to provide
Service Provider Sector (SP Sector), we experienced
more and the dividend of 17.00 yen per share
our latest ICT system infrastructure-building
generally modest growth in terms of revenue from
announced at the start of FY2012 at the 26th Annual
mobile communications and Internet service providers.
Shareholders Meeting.
we witnessed a rapid recovery, centered on revenue
research on infrastructure and business practices,
administrative agencies. In Partner Sector (NOP),
thus positioning us to better serve the needs of
we moved forward steadily with strengthening of our
ICT systems are playing an increasingly important role in
our customers that have established operations
business through tie-ups with partner companies.
business activities. They are helping to popularize
added support as well as packaged solutions
Q
83,500
160,497
(estimated) (estimated)
76,997
FY2012
2nd half
87,881 157,633
69,752
FY2011
FY2010
59,536
FY2009
58,872
71,320 130,857
65,498 124,370
68,761 131,119
62,358
FY2008
1st half
2nd half
11,295
6,700
(estimated) (estimated)
4,595
FY2012
6,245
FY2011
8,984
15,229
communication environment from infrastructure
Q
integration using virtualization technologies. During the
How did each product category perform?
remaining part of FY2012, we aim to provide
Strong growth seen from the strategic
platform products
infrastructure-building solutions for ICT systems that
leverage our experience gained from introducing and
that maximize return on investment and
For network products, bookings accepted amounted
operating our own ICT systems and from verified
optimize modes of use for ICT systems used by
to 45,072 million yen (down 9.3% year over year) and
testing under the theme “Execution & Experience.”
our customers.
revenue totaled 44,981 million yen (up 7.8%).
November 2012
1st half
Please give your message to shareholders.
mobile devices and evolve an efficient and secure
in the Asia-Pacific region.
part of our commitment to provide high-value-
Revenue (unit: million yen)
Operating income (unit: million yen)
from central and local governments and incorporated
these operating bases further as an integral
66,230 130,821
64,590
FY2008
In Regional Area and Public Sector (AP Sector),
building of a support system, which will include
Going forward, we will seek to develop
66,600 128,195
61,595
FY2009
25, 2012, which include revenue of 160,497 million
In Enterprise Sector (EP Sector), we saw something of a
office in Singapore and moved forward with the
71,775 136,404
64,629
FY2010
and beyond. Given these circumstances, we will make
Please describe the business environment.
Solution Briefing Center (SBC), where customers
solutions. In addition, we opened a representative
1
What is your outlook for the Company’s
annual results?
For platform products, bookings accepted totaled
I would like to ask for your continued support and
FY2010 1,752
FY2009
FY2008
3,945
2,727
3,585
5,697
2,273 5,000
5,296
8,881
encouragement.
Net One Report 2012
2
Operating Results
Business Overview
Overview by Market Sector
On the basis of the engineering capabilities that we have developed over past decades as a network integrator,
As customer needs diversify, the characteristics of ICT markets vary depending on the region and on
we offer networks, facilities, security, platforms, and unified collaboration solutions essential to advanced
corporate conditions.
ICT systems in multi-vendor environments. We provide one-stop services encompassing product
To closely monitor the markets and provide the solutions best suited to our customers, we broadly divide
development, consulting, design, construction, introduction, education, and maintenance and
the markets into four sectors.
operation management.
Enterprise:
Revenue by product category
Revenue
First half of FY2011
First half of FY2012
¥69,752 million
¥76,997 million
Service
businesses
32.2%
Platform products
Service
businesses
29.8%
Network
products
Network
products
59.8%
58.4%
Platform products
8.0%
11.8%
EP Sector
¥14,031
18.2%
Telecom and Internet
Service Provider:
Revenue
million
SP Sector
¥41,381
53.7%
million
In Enterprise Sector (EP Sector), we operate
In Telecom and Internet Service Provider Sector
businesses for automotive, electronics, and other
(SP Sector), we serve fixed-line and mobile
manufacturing companies, transport, service, and
carriers and Internet service providers. We are
other non-manufacturing businesses, financial
working together with customers providing
institutions including foreign-capital firms. We
network infrastructure and network-related
support those customers who require large ICT
services to develop a social infrastructure.
systems and who wish to save time and money,
During the first-half period under review, we
and who seek to improve their effectiveness with
experienced generally modest growth from
advanced ICT solutions. Despite the challenging
mobile carriers and internet service providers,
business environment during the first-half period
as revenue rose year over year. On the other
under review we saw a recovery in the second
hand, bookings accepted declined compared to
quarter, but we were unable to make up for the
the same period of FY2011.
drop-off in the first quarter, as both bookings
Network products
Platform products
accepted and revenue for the EP Sector declined
Service businesses
To integrate ICT systems, an
Platform products add convenience
Service businesses are meant to provide
environment that provides high-quality,
and efficiency to ICT-based information
consistent support for consulting for
stress-free communication must be
communications. Secure and reassuring
introduction of ICT systems, planning,
created, and it must be operated with
systems operation with high efficiency
design, construction, maintenance,
reliability. In the category of network
requires a total design that integrates
operation and optimization. We provide
products, we provide an optimal
security technologies with servers and
comprehensive services that span the
combination of communication devices
storage with the use of virtualization
entire life-cycle of an ICT system built
tailored to customers’ environments,
technologies. We also support unified
for multi-vendor environments. Through
from integration of large systems for
collaboration that encourages
our support services for various advanced,
telecommunications to intra network
dialogues in video conferencing and
cutting-edge ICT systems, we are
systems. Centering on relay devices for
other virtual spaces to help customers
helping our customers to fulfill their ICT
controlling data transfer such as routers
improve productivity.
strategy and reutilize ICT systems.
and switches as network infrastructure
components, our extensive array of
communication equipment also includes
optical transfer systems and wireless
control systems.
Optimize
ICT
system
Operate
Implement
3
Prepare
Plan
Design
year over year.
AP Sector
Regional Area
and Public:
Revenue
¥13,677
17.8%
million
In Regional Area and Public Sector (AP Sector), we
operate a business for the public sector, including
central and local governments, research and
education institutions, cable operators, medical
service providers, electric power suppliers, and
regional private companies. We provide technical
support for the use of telecommunication
infrastructure that stretches across the country, for
improvements to information infrastructure within
campuses, for building systems used by boards of
education that are based on Japan’s Vision for ICT in
Education, and for public-private joint projects.
During the first-half period under review, we
recorded an increase in both bookings accepted and
revenue year over year thanks mainly to demand
from central and local governments for ICT system
infrastructure and upgrades.
Net One Partners:
Revenue
NOP
¥7,593
9.9%
million
Net One Partners Co., Ltd. (Partners Sector) offers
new value-added solutions on the basis of the
distributer business model instead of through direct
sales, in joint projects with partner firms in a bid to
open new markets. To acquire new customers, we
integrate our resources with the system solutions at
which our partner firms excel, to enter a broader
array of markets. During the first-half period
under review, we moved forward steadily with
strengthening of our business through tie-ups with
partner firms, resulting in a year-over-year increase
in both bookings accepted and revenue.
Net One Report 2012
4
Special Topics
Improving of
customer
satisfaction
Helping customers to achieve solutions to
the urgent business challenges they face
Improving of
customer
satisfaction
Providing
new platform
(differentiation from
manufacturers)
Improving of
employee
satisfaction
Established the Solution Briefing Center to showcase next-generation ICT platforms
Using real machines, we demonstrate private clouds, business continuity
planning/disaster recovery, and work-style innovations, which are expected to serve
as important aspects of future ICT strategy
Already winning strong acclaim and
new bookings accepted from
specific customers
The latest unified communication capable of
bringing about innovations in work styles can be
much better understood through a demonstration
using real machines, rather than showing its
component elements and features of functions.
Since opening on July 2, 2012, the SBC has been
Showcasing the Company’s validated,
latest multi-vendor equipment
Established the Solution Briefing
Center to showcase demonstrations
of next-generation ICT platforms
Net One Systems opened its new Solution
The SBC focuses on urgent business challenges
Briefing Center (SBC) at its TFT Office in Shinagawa,
that customers face today, including productivity
Tokyo on July 2, 2012. The SBC helps our customers
improvements, reducing the total cost of
to experience demonstrations of next-generation
ownership (TCO), and business continuity.
ICT platforms that comprise validated cutting-
Currently, the SBC is providing demonstrations of
edge equipment in large-scale multi-vendor
cutting-edge solutions on the themes of private
environments. Currently, the SBC showcases three
clouds, business continuity planning/disaster
solutions focused on the themes of business
recovery and work-style innovations. Following
continuity and productivity improvements,
the major earthquake and tsunami that struck
providing demonstrations to CIOs, managers and
Japan in 2011, companies are more interested
engineers from our customers. Demonstrations
than ever in virtual desktop environments that enable
provide a first-hand glimpse into actual
telecommuting as well as remote data centers
system operations.
that help ensure business continuity. Our
demonstrations of solutions in these areas using
real machines have earned a strong reputation
among our customers for ease of understanding
almost fully booked with two demonstrations
a day and customers have shared highly positive
feedback about their experiences thus far. The SBC
represents a perfect platform to demonstrate our
advanced technical capabilities, and as such it has
already generated new bookings accepted and
business leads.
Private Cloud Solutions
The future integration and optimization of ICT infrastructure will
be made possible by connections with remote data centers. As a
result, we will provide a groundbreaking environment that offers
not only server virtualization but also long-distance connections
with storage equipment, management of integration, and that
makes it possible to diversify risk across a wider area.
Disaster Preparedness/Recovery Solutions
Remote data centers represent an important shared resource
for business continuity planning. The SBC offers customers the
chance to experience cutting-edge technologies, using real
machines as a measure that can reduce RTO* and RPO* to near
zero in emergencies, such as the operation of virtual machines
between data centers.
To significantly boost productivity through changes in work
styles, an environment that includes BYOD* elements will
be needed in addition to conventional computers. Video
conferencing on tablet devices and whiteboard capture solutions
will serve to greatly evolve the concept of working at home.
Demonstration Framework
Solution Briefing Center
Building innovative environment featuring
the latest, most cutting-edge technologies
Net One Systems
Nationwide Network
Customer Office
Diverse
Flexible
5
Large-scale multi-vendor environment
consisting of various equipment from a
range of companies
Business units of the Company can also
present the same demonstrations
*RTO: Recovery Time Objective
The target time by which a certain recovery of operations can be achieved
from the time operations are suspended following a disaster.
*RPO: Recovery Point Objective
An indicator that defines the degree to which new back-up data are
compared to data damaged in system failure.
Osaka Data Center Tokyo Data Center
Net One Systems Technical Center
Opened the Singapore
Representative Office
New office established in Singapore to develop
an ICT support system for customers doing
business in the Asia-Pacific region
Researching local business
environments and developing a
support system
In recent years, more and more Japanese
companies are setting up operations in the
Asia-Pacific region. As a result, demand has
been growing for the implementation of ICT
infrastructure needed at their local offices and
factories, central management of maintenance
and operations at the Japan head office,
a maximum return on investment, and
optimization of risk management.
We established the Singapore Representative
Office on August 1, 2012 to research local
business environments and lay the groundwork
based on the recognition that our customers
in the Asia-Pacific region need high-quality
services that improve ICT governance.
Initially, the Singapore Representative Office
will select and coordinate with local partners,
and verify potential business models including
research of local laws and business practices, to
Work-Style Innovation Solutions
Innovative
manufacturers)
Improving of
employee
satisfaction
for establishing an optimal support system,
and impressive presentations.
Solution Briefing Center Features
Providing
new platform
(differentiation from
*BYOD: Bring Your Own Device
This work style is attracting attention as it permits employees to use their own
personal terminals such as smartphones to access a company’s internal ICT
platform to carry out their work.
provide customers with one-stop access to
services that enhance ICT governance. We are
also examining whether to make the Singapore
Representative Office into a locally incorporated
subsidiary in the future, so that we can set up
sales infrastructure in the Asia-Pacific region.
Net One Systems Co., Ltd. Singapore Representative Office
8 Temasek Boulevard #42-0 Suntec Tower Three Singapore 038988
Start of operations:August 1, 2012
Business activities:Research into local laws and business practices,
selection of and coordination involving optimal
local partners, and business model verification work
Net One Report 2012
6
Consolidated Financial Statements
Net One Systems Co., Ltd. and Consolidated Subsidiaries
Consolidated Balance Sheets (Summary)
As of
September 30,
2012
(unit: million yen)
As of
March 31,
2012
Assets
Current assets
As of
September 30,
2012
90,567
Current liabilities
Accounts payable—trade
Cash and deposits
21,895
19,233
Lease obligations
Accounts payable—other
Notes and accounts
receivable—trade
Short-term investment
securities
As of
March 31,
2012
Liabilities
84,755
30,608
13,999
35,762
16,998
Consolidated Income Statements (Summary)
First half
of FY2012
Revenue
31,563
35,267
15,891
14,972
845
821
1,021
1,353
Income taxes payable
1,022
5,681
Advances received
9,364
7,512
267
—
1,735
2,155
—
179
1,414
2,591
1,051
1,226
944
996
Asset retirement obligations
76
221
Other
30
8
Cost of revenue
Gross profit
Selling, general and administrative
expenses
Operating income
Non-operating income
Non-operating expenses
Asset retirement obligations
Ordinary income
Provision for bonuses
Merchandise
Goods in transit
6,650
377
6,303
537
Provision for directors’
bonuses
Other
Noncurrent liabilities
Costs on uncompleted
construction contracts
Supplies
4,364
12
4,742
98
Lease obligations
Total liabilities
Deferred tax assets
1,000
1,782
Other
5,854
5,128
Noncurrent assets
(9)
9,178
(19)
9,435
Intangible assets
Investments and
other assets
Total assets
7
4,656
1,354
4,599
1,417
Capital stock
12,279
12,279
Capital surplus
19,453
19,453
Retained earnings
30,970
47,487
Treasury stock
(1,518)
(15,854)
(64)
2
Valuation difference on
available-for-sale securities
(21)
(17)
Deferred gains or losses on
hedges
(42)
93,934
76,997
69,752
58,687
50,251
18,309
19,501
13,714
13,256
4,595
6,245
152
217
43
39
4,703
6,422
105
—
84
4,781
6,337
Income taxes—current
919
2,689
Income taxes—deferred
946
(24)
2,915
3,672
Income before income taxes and
minority interests
Income before minority interests
Minority interests in income
23
20
2,891
3,651
Consolidated Cash Flow Statements (Summary)
(unit: million yen)
Net cash provided by operating activities
5,488
First half
of FY2011
10,064
(468)
(816)
20
Net cash used in financing activities
(5,356)
(765)
35
—
Net increase (decrease) in cash and
cash equivalents
162
139
Total net assets
61,319
63,508
Total liabilities and net assets
93,934
100,002
Subscription rights to shares
POINTS
Assets
Total assets at the end of FY 2Q (September 30,
2012) were 93,934 million yen, down 6,068
million yen or 6.1% from the end of FY2011.
Of these, current assets were 84,755 million
yen, down 5,812 million yen or 6.4% from the
end of FY2011. This was mainly due to a decline
of 5,153 million yen in notes and accounts
receivable—trade. Noncurrent assets were 9,178
million yen, a decline of 256 million yen or 2.7%
from the end of FY2011.
Liabilities
Total liabilities at the end of FY 2Q (September
30, 2012) were 32,614 million yen, down
3,879 million yen or 10.6% from the end of
FY2011. This mainly reflected a decline of
4,658 million yen in income taxes payable, while
there was a growth of 1,851 million yen in
advances received.
Net assets
Net assets at the end of FY 2Q (September 30,
2012) were 61,319 million yen, down 2,188
million yen or 3.4% from the end of FY2011.
Although 2,891 million yen in net income was
posted, there were a dividend payment of 2,072
million yen and the purchase of treasury stock
worth 2,999 million yen.
Retained earnings declined by 17,336 million
yen due to the retirement of treasury stock.
Net cash provided by operating activities
Net cash provided by operating activities was
5,488 million yen, a year-over-year decline of
4,575 million yen in cash provided. Significant
factors for this included a decline of 1,556 million
yen in cash provided due to a decline in income
before income taxes and minority interests and a
growth of 3,590 million yen in cash used due
to a growth in income taxes paid.
Net cash used in investing activities
First half
of FY2012
Net cash used in investing activities
3,419
100,002
First half
of FY2011
27
Extraordinary loss
Net income
63,366
Minority interests
3,167
36,494
61,185
Accumulated other
comprehensive income
Property, plant and
equipment
32,614
Net assets
Shareholders’ equity
Allowance for doubtful
accounts
Extraordinary income
(unit: million yen)
(336)
8,483
Cash and cash equivalents at
beginning of period
36,231
20,256
Cash and cash equivalents at end
of period
35,895
28,739
Net cash used in investing activities was 468
million yen, a year-over-year decline of 347 million
yen in cash used. Significant factors for this
included a decline of 237 million yen in cash used
such as acquisition of noncurrent assets for
operations and 144 million yen of proceeds from
purchase of investments in subsidiaries resulting in
change in scope of consolidation.
Net cash used in financing activities
Net cash used in financing activities was 5,356
million yen, a year-over-year growth of 4,591
million yen in cash used. Significant factors for this
included 3,013 million yen of purchase of treasury
stock and a growth of 1,568 million yen in cash
dividends paid.
Net One Report 2012
8
Stock Information / Corporate Data
Stock Information (As of September 30, 2012)
Corporate Data (As of September 30, 2012)
Number of Shares Issued——————————————— 89,000,000
Number of Shareholders————————————————— 16,316
Stock Distribution by Type of Shareholder
Net One Systems Co., Ltd.
(1 / 0.01)
Japan Trustee Services Bank, Ltd.
(Trust Account)
Established
February 1, 1988
Capital Stock
12,279 million yen
Number of Ownership
shares held ratio (%)
Overseas corporations and others
(239 / 1.46)
Business
Activities
Networking business
13,184,600
Financial institutions
(44 / 0.26)
Master Trust Bank of Japan, Ltd.
(Trust Account)
Japan Trustee Services Bank, Ltd.
(Trust Account 9)
14.81
Financial instruments firms
(42 / 0.26)
10,193,600
11.45
Number of
Employees
2,214 (consolidated)
1,964 (non-consolidated)
Major Banks
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Mizuho Corporate Bank, Ltd.
DEUTSCHE BANK AG LONDON-PB
NON-TREATY CLIENTS 613
1,656,000
1,547,114
1.86
Net One Systems Co., Ltd.
(1,538,400 / 1.73)
Financial institutions
(39,896,900 / 44.83)
1.74
Financial instruments firms
(2,316,732 / 2.60)
Meiji Yasuda Life Insurance Company
MORGAN STANLEY & CO. LLC
STATE STREET BANK AND TRUST
COMPANY 505225
Association of Net One Systems
Employees participating the Employee
Stock Ownership Program
MELLON BANK, N.A. AS AGENT
FOR ITS CLIENT MELLON OMNIBUS
US PENSION
1,440,000
1,187,500
1.62
The Ukima Distribution Center (currently, the Quality
Control Center) opens.
Feb. 1991
The Company is registered and certified as a systems
services company (systems integrator) by the Ministry of
International Trade and Industry (currently, Ministry of
Economy, Trade and Industry).
Oct. 1992
The Company is granted a license for a specific
construction business (telecom engineering business) by
the Tokyo Metropolitan Government.
Oct. 1996
The Company registers its stock on the over-the-counter
market of the Japan Securities Dealers Association.
Consolidated
Subsidiaries
Apr. 2000
Network Service And Technologies Co., Ltd. is
established as a consolidated subsidiary engaging chiefly
in service business.
Dec. 2001
The Quality Control Center gains ISO 9001 certification.
Net One Partners Co., Ltd.
Xseed Co., Ltd.
Business Assurance Co., Ltd.
System Solution Engineering K.K.
Net One Systems USA, Inc.
(subsidiary based in the United States)
The Company is listed on the First Section of the Tokyo
Stock Exchange.
Other domestic corporations
(498,400 / 0.56)
1.33
Individuals and other
(18,587,640 / 20.88)
1,127,337
Oct. 1990
Sumitomo Mitsui Trust Bank, Limited
(shares / %)
Sumitomo Mitsui Banking Corporation
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The Company is established and inaugurated in
Minato-ku, Tokyo.
Mitsubishi UFJ Trust and Banking Corporation
2.36
Stock Distribution by Number of Shares Held
Network platform business
Feb. 1988
Service business
Individuals and other
(15,848 / 97.14)
2,101,500
History
Corporate Name Net One Systems Co., Ltd.
Other domestic corporations
(142 / 0.87)
Major Shareholders
Name
(persons / %)
Overseas corporations and others
(26,161,928 / 29.40)
1.27
Directors and Corporate Auditors
President & CEO
Takayuki Yoshino
Directors
Shingo Saito
Mar.2003
The Quality Control Center gains ISO 14001
certification.
Mar.2004
The Company gains ISO 14001 certification.
Nov. 2007
The Expert Operation Center (XOC) opens as a facility
for integrated operation services.
Nov. 2008
Net One Partners Co., Ltd. is established.
Oct. 2009
The Technical Center is relocated and expanded.
Feb. 2010
The Company acquires shares of Xseed Co., Ltd. and
makes it a consolidated subsidiary.
Apr. 2011
The Company takes over Network Service And
Technologies Co., Ltd.
Jul. 2012
The Company acquires System Solution Engineering K.K.
and makes it a wholly owned subsidiary.
Aug.2012
The Company establishes the Singapore
Representative Office.
Toru Arai
1,093,200
1.23
Norihisa Katayama
Yoshiharu Horiuchi
890,100
1.00
Outside Directors
Kunio Kawakami
Masasuke Naito
(Note) The Company retains 1,538,400 shares in treasury stock; this amount is not included in the
major shareholder figures above.
Mitsuo Imai
Full-time Corporate Auditor Tadashi Arima
Dividend Information
The Board of Directors meeting held on October 25, 2012 decided to pay the following interim dividend with a record date of
September 30, 2012 in accordance with the Company’s Articles of Incorporation.
1. Interim Dividend: 17.00 yen per share
Outside Auditors
Masamichi Kikuchi
Minoru Uchida
Tadashi Nakaoka
2. Effective Date and Start Date of Payment: November 26, 2012
9
Net One Report 2012
10