Akatsuki Corp. Announces Consolidated Earnings Results for the Year Ended March 31, 2018
May 15, 2018 at 06:01 pm
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Akatsuki Corp. announced consolidated earnings results for the year ended March 31, 2018. For the year, the company reported operating revenues of JPY 22,650 million against JPY 4,312 million a year ago. Net operating revenues were JPY 8,834 million against JPY 3,498 million a year ago. Operating income was JPY 1,616 million against the operating loss of JPY 458 million a year ago. Ordinary income was JPY 1,786 million against JPY 421 million a year ago. Net income attributable to owners of parent was JPY 1,715 million or JPY 84.31 per diluted share against JPY 239 or JPY 15.25 per diluted share million a year ago. Return on equity was 18.4% against 3.1% a year ago. Negative cash flows from operating activities were JPY 5,138 million against positive cash flows from operating activities of JPY 1,820 million 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.