EGuarantee, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2021
July 30, 2021 at 12:25 pm IST
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eGuarantee, Inc. reported consolidated earnings results for the first quarter ended June 30, 2021. For the quarter, the company reported net sales of JPY 1,913,991,000 against JPY 1,688,072,000 a year ago. Operating profit was JPY 866,515,000 against JPY 731,938,000 a year ago. Profit was JPY 607,355,000 against JPY 438,243,000 a year ago. Profit attributable to owners of parent was JPY 568,632,000 against JPY 411,892,000 a year ago. Basic earnings per share was JPY 12.33 against JPY 9.69 a year ago. Diluted earnings per share was JPY 11.89 against JPY 8.92 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.