ValueCommerce Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported operating income of ¥1,526 million, ordinary income of ¥1,523 million, and net income attributable to owners of the parent of ¥1,013 million or ¥31.39 per basic share on revenue of ¥7,661 million against operating income of ¥1,242 million, ordinary income of ¥1,242 million, and net income attributable to owners of the parent of ¥836 million or ¥25.91 per basic share on revenue of ¥6,300 million reported for the same period a year ago. Diluted EPS was ¥31.36 against ¥25.88 reported a year ago.

The company provided earnings guidance for the six months of fiscal year 2020 and year ending December 31, 2020. For the six months of fiscal year 2020, the company expects operating income of ¥2,550 million, ordinary income of ¥2,550 million, and net income attributable to owners of the parent of ¥1,670 million or ¥51.70 per basic share on revenue of ¥14,300 million.

For the year, the company expects operating income of ¥5,500 million, ordinary income of ¥5,500 million, and net income attributable to owners of the parent of ¥3,600 million or ¥111.45 per basic share on revenue of ¥30,000 million.