Financial Products Group Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended December 2015; Revised Consolidated Earnings Guidance for the First Half Ending March 31, 2016 and Year Ending September 30, 2016
January 29, 2016 at 10:00 pm IST
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Financial Products Group Co., Ltd. announced consolidated earnings results for the first quarter ended December 2015. For the period, the company reported net sales of ¥5,798 million against ¥4,288 million a year ago. Operating income was ¥4,091 million against ¥3,200 million a year ago. Ordinary income was ¥4,191 million against ¥3,119 million a year ago. Profit attributable to owners of parent was ¥2,753 million or ¥29.11 per diluted share against ¥1,994 million or ¥21.07 per diluted share a year ago. Income before income taxes was ¥4.18 billion against ¥3.11 billion a year ago. In the first quarter of fiscal 2016, equity sales were higher than the initial plan because of strong demand among investors. As a result, net sales, operating income, ordinary income and net income were all higher than the forecast announced on October 30, 2015.
The company revised consolidated earnings guidance for the first half ending March 31, 2016 and year ending September 30, 2016. For the firs half, the company currently expects net sales of ¥10,063 million, operating income of ¥6,903 million, ordinary income of ¥6,931 million and profit attributable to owners of parent of ¥4,489 million or ¥48.82 per share compared to previously expected net sales of ¥8,747 million, operating income of ¥5,861 million, ordinary income of ¥5,793 million and profit attributable to owners of parent of ¥3,637 million or ¥38.58 per share.
For the year ending September 2016, the company expects net sales of ¥18,273 million, operating income of ¥12,132 million, ordinary income of ¥12,384 million and profit attributable to owners of parent of ¥7,915 million or ¥87.10 per share compared to previously expected net sales of ¥16,957 million, operating income of ¥11,090 million, ordinary income of ¥11,245 million and profit attributable to owners of parent of ¥7,064 million or ¥74.92 per share.
Financial Partners Group Co Ltd is a Japan-based company mainly engaged in fund and financial services business and aviation services business. The Company operates through two business segments. The Funds and Financial Services Business segment is engaged in leasing fund business, real estate fund business, insurance business, mergers and acquisitions (M&A) business, private equity business, trust business, securities business, real estate leasing business and others. The Aviation Services Business segment operates as an air transport operator and an aerial user operator, primarily engaged in passenger transportation and other businesses. The Company also operates private jet business through subsidiaries.
Financial Products Group Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended December 2015; Revised Consolidated Earnings Guidance for the First Half Ending March 31, 2016 and Year Ending September 30, 2016