Akatsuki Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
August 14, 2017 at 11:29 am EDT
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Akatsuki Corp. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported operating revenues of JPY 2,042 million, net operating revenues of JPY 1,971 million, operating income of JPY 894 million, ordinary income of JPY 847 million and net income attributable to owners of parent of JPY 802 million or JPY 49.75 per diluted share as compared to operating revenues of 1,096 million, net operating revenues of JPY 764 million, operating loss of JPY 290 million, ordinary loss of JPY 311 million and net loss attributable to owners of parent of JPY 258 million or JPY 17.53 per share for the same period a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2018. For the year, the company expects operating revenues of JPY 21,800 million, operating income of JPY 1,200 million, ordinary income of JPY 1,400 million and net income attributable to owners of parent of JPY 1,100 million.
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.
Akatsuki Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018