Akatsuki Corp. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
February 14, 2019 at 09:57 pm IST
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Akatsuki Corp. announced consolidated earnings results for the nine months ended December 31, 2018. For the nine months, the company reported operating revenues of JPY 23,716 million against JPY 16,219 million for the same period a year ago. Net operating revenues were JPY 7,051 million against JPY 6,590 million for the same period a year ago. Operating income was JPY 714 million against JPY 1,408 million for the same period a year ago. Net income attributable to owners of parent was JPY 268 million against JPY 1,594 million for the same period a year ago. Net income per share was JPY 10.90 against JPY 90.44 for the same period a year ago. Diluted net income per share was JPY 10.37 against JPY 81.72 for the same period a year ago.
The company provided earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of JPY 37,000 million, operating income of JPY 2,100 million and net income attributable to owners of parent of JPY 1,000 million.
Akatsuki Corp. is a holding company primarily engaged in securities business and real estate related business. The Company operates in two segments. The Securities segment is engaged in the buying and selling, agency and brokerage, underwriting, issuing, and subscription of securities. The Real Estate-related segment mainly manages assets related to buying and selling real estate, leasing, and investing in real estate related financial products. The segment includes used real estate revitalization and renovation, asset management for the elderly housing business, investment advisory services centered on real estate transactions, investment management, and trunk room operations.
Akatsuki Corp. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019