Hitachi Capital Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2019; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2020; Decides to Establish Sub-Subsidiary
For the quarter, the company reported revenues of JPY 111,454 million. Net income was JPY 7,353 million. Basic earnings per share attributable to owners of the parent were JPY 61.15.
The company revised earnings guidance for the fiscal year ending March 31, 2020. For the year, the company expected revenues to be JPY 459,300 million, net income to be JPY 34,000 million, net income attributable to owners of the parent to be JPY 32,500 million and earnings per share attributable to owners of the parent (basic) to be JPY 278.12 against revenues of JPY 466,500 million, net income attributable to owners of the parent of JPY 32,500 million and earnings per share attributable to owners of the parent (basic) of JPY 278.12 as previously forecasted.
On October 28, 2019, the company has decided to establish a subsidiary of Hitachi Capital Community Corporation, a consolidated subsidiary of the company, (that is sub-subsidiary of Hitachi Capital) in the Republic of Indonesia. The purpose of establishment is to engage in real estate leasing business in the Republic of Indonesia. The name of the sub-subsidiary of the company was PT HD Properti Indonesia (TBC).