Zenkoku Hosho Co.,Ltd. Reports Non-Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
February 04, 2018
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Zenkoku Hosho Co.,Ltd. reported non-consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported total operating revenues of JPY 22,887 million compared to JPY 21,400 million a year ago. Operating income was JPY 16,584 million compared to JPY 15,421 million a year ago. Ordinary income was JPY 17,170 million compared to JPY 16,145 million a year ago. Net income was JPY 11,889 million or JPY 172.83 per diluted share, compared to JPY 10,714 million or JPY 155.77 per basic share, a year ago. Income before income taxes was JPY 17,223 million compared to JPY 15,690 million a year ago.
The company provided non-consolidated earnings guidance for the fiscal year ending March 31, 2018. For the period, the company is forecasting its operating revenues of JPY 38,230 million, operating income of JPY 28,790 million, ordinary income of JPY 29,570 million, and net income of JPY 20,350 million or JPY 295.95 per share.
ZENKOKU HOSHO Co., Ltd. is mainly engaged in the operation of credit guarantee business. The Companyâs guarantee products comprise three categories. The housing loan guarantees are its core products, which can meet the diverse needs of customers, such as housing acquisition funds and refinancing funds, and renovation funds and others. It acquires guarantee fees from guarantee requesters through the classification by collateral valuation and other requirements such as annual income and years of service. Education loan guarantee products guarantee the borrowings of education funds, which deal with term loans, overdraft and other formats. About the use of funds, it deals with tuition fees, exam costs and others. The apartment loan guarantee products guarantee the borrowings of construction costs of rental housing.
Zenkoku Hosho Co.,Ltd. Reports Non-Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018