EGuarantee, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2020
August 07, 2020 at 07:00 am IST
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eGuarantee, Inc. reported consolidated earnings results for the first quarter ended June 30, 2020. For the quarter, net sales were JPY1,688 million against JPY 1,435 million reported a year ago. Operating profit was JPY 731 million against JPY 616 million reported a year ago. Profit was JPY 438.243 million against JPY 559.890 million reported a year ago. Earnings per share was JPY 9.69 against JPY 12.81 reported a year ago. Diluted earnings per share was JPY 8.92 against JPY 12.17 reported a year ago.
eGuarantee, Inc. is a Japan-based company engaged in the credit guarantee business. The Company is involved in the analysis and screening of information based on the corporate credit information database, as well as the promotion of liquidation for transference of credit risks. The Company provides guarantee services for industrial corporations, including the entrusted business for risks with bad debts, such as trading and contract agreements, as well as guarantee services for financial corporations, including the entrusted businesses for risks with financial obligations, advanced payment debts and repayment claims. The Company operates its business through community banks, major city banks, trust banks, security companies, commercial firms, major financial institutions, leasing companies, nonbanks, and insurance agents in Tokyo, Osaka, Kyushu and Nagoya Prefectures.
EGUARANTEE, INC. 
