In the FY2023, Net sales rose 7.2% year on year, due primarily to the strong results of infrastructure construction and backbone system development projects in operation software, mainly for the manufacturing and financial services sectors, of development projects on automotive systems in the field of EVs and advanced technologies in embedded software, and of development projects on machine control systems for the industrial field.

Operating profit increased 13.2 year on year, mainly reflecting higher net sales and the improvement of productivity, although there was an increase in labor costs and other expenses to improve the treatment of employees and reinforcement of structure and an in crease in research expenses related to AI and other new technologies.

Ordinary profit rose 2.4% year on year as a result of the growth of net sales despite an increase in advisory expenses and other expenses in association with the tender offer for four subsidiaries listed on stock markets.