Sales increased significantly due to the growth in property rent guarantees
Operating profit also increased significantly as a result of curbing cost increases
(Million yen)
2021/6
2022/6
Year-on-year
Actual
Actual
Revenues
1,160
1,459
125.7%
Operating profit
283
370
130.8%
(Margin)
24.4%
25.4%
-
Ordinary income
284
367
129.1%
(Margin)
24.5%
25.2%
-
Net income
170
214
126.0%
(Margin)
14.7%
14.7%
-
Revenues increased to
125.7%
Operating profit increased to
130.8%
Property rent guarantees grew significantly as a result of the switchover from Solution services and an increase in the number of trades with existing customers (158.3% year-on-year)
Medical care expense guarantees generally progressed as planned
Bad debt costs increased due to an increase in subrogation payments as a result of growth in property rent guarantees; however, the growth rate is stable
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Entrust Inc. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 03:15:05 UTC.
Entrust Inc. is a Japan-based company mainly engaged in provision of solution services related to house rent guarantee services. The guarantee service provides house rent guarantee, nursing care expenses guarantee and medical cost guarantee. House rent guarantee, the Company's main guarantee service, becomes a joint guarantor and takes over the risk of rent delinquency when concluding a guarantee outsourcing agreement. Nursing care expenses guarantee service provides a product named Sun targeted fees for using long-term care facilities. Medical cost guarantee service provides medical cost guarantee product named Rainbow targeted hospitalization costs of medical institutions.
ENTRUST INC. 
