Akatsuki Corp. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2019
August 13, 2018
Share
Akatsuki Corp. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported operating revenues of JPY 7,091 million compared to JPY 2,042 million a year ago. Net operating revenues were JPY 2,420 million compared to JPY 1,971 million a year ago. Operating income was JPY 156 million compared to JPY 894 million a year ago. Ordinary income was JPY 97 million compared to JPY 847 million a year ago. Net income attributable to owners of parent was JPY 125 million or JPY 5.60 per diluted share compared to JPY 802 million or JPY 49.75 per diluted share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, the company expects operating revenues of JPY 37,000 million, operating income of JPY 2,100 million, ordinary income of JPY 1,600 million and net income attributable to owners of parent of JPY 1,000 million.
The company provided dividend guidance for the second quarter of fiscal year ending March 31, 2019. For the quarter, the company expects to pay a dividend of JPY 10.00 per share compared to JPY 10.00 per share a year ago.
Akatsuki Corp. is a holding company primarily engaged in securities business and real estate related business. The Company operates in two segments. The Securities segment is engaged in the buying and selling, agency and brokerage, underwriting, issuing, and subscription of securities. The Real Estate-related segment mainly manages assets related to buying and selling real estate, leasing, and investing in real estate related financial products. The segment includes used real estate revitalization and renovation, asset management for the elderly housing business, investment advisory services centered on real estate transactions, investment management, and trunk room operations.
Akatsuki Corp. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2019