Akatsuki Corp. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
February 15, 2020 at 03:07 am IST
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Akatsuki Corp. announced consolidated earnings results for the nine months ended December 31, 2019. For the nine months, the company reported operating revenues of JPY 24,039 million against JPY 23,716 million for the same period a year ago. Net operating revenues were JPY 7,301 million against JPY 7,051 million for the same period a year ago. Operating income was JPY 923 million against JPY 714 million for the same period a year ago. Net income attributable to owners of parent was JPY 375 million against JPY 268 million for the same period a year ago. Net income per share was JPY 12.34 against JPY 10.90 for the same period a year ago. Diluted net income per share was JPY 12.13 against JPY 10.37 for the same period a year ago. Ordinary income was JPY 530 million against JPY 408 million a year ago.
The company provided earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 33,000 million, operating income of JPY 1,800 million and net income attributable to owners of parent of JPY 1,500 million. Ordinary income of JPY 1,300 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, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020