Estore Corporation Announces Consolidated and Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2020; and Provides Financial Guidance for the Year Ending March 2021
May 15, 2020 at 03:12 pm
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Estore Corporation announced consolidated financial results for the fiscal year ended March 31, 2020. For the period, the company reported net sales of JPY 4,852 million against JPY 4,932 million a year ago. Operating income was JPY 478 million against JPY 515 million a year ago. Net Income attributable to owners of parent was JPY 367 million against JPY 409 million a year ago. Net income per share were JPY 77.04 against JPY 79.72 a year ago. Diluted EPS were JPY 64.03 against JPY 74.95 a year ago.
The company also announced non- consolidated financial results for the fiscal year ended March 31, 2020. For the period, the company reported net sales of JPY 4,830 million against JPY 4,926 million a year ago. Operating income was JPY 421 million against JPY 494 million a year ago. Net Income was JPY 291 million against JPY 359 million a year ago. Net income per share were JPY 61.10 against JPY 69.86 a year ago. Diluted EPS were JPY 50.77 against JPY 65.68 a year ago.
The company also provided financial guidance for the year ending March 2021. The company expected net sales of JPY 10,605 million, Operating income of JPY 268 million and Net income attributable to owners of parent of JPY 230 million.
Estore Corp is a Japan-based company mainly engaged in the electronic commerce (EC) and hands-on incubation (HOI). The Company operates in two business segments. The EC segment provides comprehensive EC support services for a wide range of businesses, from large companies to small and medium-sized enterprises, and provides EC system, payment service, and marketing businesses. The HOI segment is operated for companies that have excellent products, content, and many customers, but are missing out on opportunities due to a lack of invested capital and e-commerce know-how. The HOI business generously provides partner companies with the direct-to-consumer (D2C) know-how and knowledge gained over the 23 years since its founding, as well as the vast amount of data, and invests systems, marketing, human resources, and funds. Apart from mergers and acquisitions (M&A), the Company also carries out project styles such as special purpose companies (SPCs), joint ventures, and profit-sharing models.
Estore Corporation Announces Consolidated and Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2020; and Provides Financial Guidance for the Year Ending March 2021
ESTORE CORPORATION 
