Faith, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 2020 and Year Ending March 31, 2021
August 14, 2020 at 12:30 pm IST
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Faith, Inc. provided consolidated earnings guidance for the six months ending September 2020 and year ending March 31, 2021. For the six months ending September 2020, the company expects net sales of ¥10,000 million, operating profit of ¥250 million, profit attributable to owners of parent of ¥60 million and basic earnings per share of ¥4.75.
For the year ending March 31, 2021, the company expects net sales of ¥20,000 million, operating profit of ¥500 million, profit attributable to owners of parent of ¥100 million and basic earnings per share of ¥7.91.
Faith,Inc. is a company mainly engaged in the contents business. The Company operates in three business segments. The Contents segment is engaged in the production of contents, the development and provision of delivery platform technology, the installment and operation of network systems, as well as the provision of contents delivery service to users. The Point segment is involved in the provision of point services. The Columbia segment is engaged in the planning, production and sale of sound source and videos, as well as the music copyright acquisition and management business. As of March 31, 2014, the Company had 16 subsidiaries and six associated companies.