Financial Products Group Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the First Half of Fiscal 2018 and Full Year Ending September 30, 2018
January 31, 2018 at 01:00 pm IST
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Financial Products Group Co., Ltd. reported consolidated earnings results for the first quarter ended December 31, 2017. For the period, net sales were JPY 4,743.218 million against JPY 4,394.983 million a year ago. Operating income was JPY 3,020.494 million against JPY 2,268.859 million a year ago. Ordinary income was JPY 3,240.788 million against JPY 2,094.439 million a year ago. Profit attributable to owners of parent was JPY 2,227.183 million against JPY 1,431.233 million a year ago. Net income per share diluted was JPY 15.85 against JPY 24.66 a year ago. Profit before income taxes was JPY 2,236.405 million against JPY 2,092.406 million a year ago.
The company provided consolidated earnings guidance for the first half and for the fiscal year ending September 30, 2018. For the first half of fiscal year 2018, the company now expects net sales of JPY 10,519 million, operating income of JPY 6,156 million, ordinary income of JPY 6,066 million, profit attributable to owners of parent of JPY 4,186 million and net income per share of JPY 46.45.
For the fiscal year 2018, the company now expects net sales of JPY 23,701 million, operating income of JPY 14,753 million, ordinary income of JPY 14,928 million, profit attributable to owners of parent of JPY 10,313 million and net income per share of JPY 114.45.
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. Reports Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the First Half of Fiscal 2018 and Full Year Ending September 30, 2018