SBI FinTech Solutions Co., Ltd. Reports Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018
November 02, 2017
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SBI FinTech Solutions Co., Ltd. reported earnings results for the six months ended September 30, 2017. For the period, sales were JPY 6,161,044,000 against JPY 3,851,614,000 a year ago. Operating income was JPY 624,879,000 against JPY 291,149,000 a year ago. Income before tax was JPY 585,271,000 against JPY 249,174,000 a year ago. Net Income attributing to parent company was JPY 445,848,000 against JPY 164,753,000 a year ago.
For the fiscal year ending March 31, 2018 the company revised sales to be JPY 12,656,000,000 against JPY 12,575,000,000 previous guidance. Operating income to be JPY 1,004,000,000 against JPY 906,000,000 previous guidance. Income before tax to be JPY 931,000,000 against JPY 837,000,000 previous guidance. Net Income attributing to parent company to be JPY 650,000,000 against JPY 603,000,000 previous guidance.
SBI FinTech Solutions Co Ltd is a Japan-based comprehensive fintech solutions company that operates payment service business, software as a back-office service (SaaS) business, and international remittance business. The Company operates in three business segments. The Payment Service segment is engaged in the provision of online payment service, terminal payment service for stores, and various financial services centered on factoring. The Back-Office SaaS segment is engaged in the provision of back-office support services such as the cloud-based invoice management system SEIKYU QUICK, the expense settlement system KEIHI BANK, and the approval system SHONIN TIME, as well as security service. The International Remittance segment is engaged in the provision of international remittance services.
SBI FinTech Solutions Co., Ltd. Reports Earnings Results for the Six Months Ended September 30, 2017; Revises Earnings Guidance for the Year Ending March 31, 2018