Oracle Corp. Japan, the Japan unit of U.S. software giant Oracle Corp., said Wednesday its unconsolidated net profit for the half year through Nov. 30 fell 36 percent from a year earlier to 6.08 billion yen, as corporate capital investment and consumer spending remained sluggish.
In its parent-only earnings report, the enterprise software firm said its pretax profit fell 36.1 percent to 10.58 billion yen, with sales down 10.2 percent to 39.35 billion yen.
Its net profit per share was 47.45 yen in the June-November period, well down from 74.08 yen a year earlier.
For the full year to May 31, Oracle forecasts a net profit of 10.9 billion yen and a pretax profit of 20.8 billion yen on sales of 81.5 billion yen.
In the previous year, the company logged a net profit of 17.62 billion yen and a pretax profit of 31.1 billion yen on sales of 86.36 billion yen.
Oracle said the same day it will launch a new midterm business plan that covers the three-year period through May 2006. Under the plan, the company is aiming for annual sales of 100 billion yen.
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