Lancers,Inc. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Fiscal 2021
May 14, 2020 at 04:30 am EDT
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Lancers,Inc. reported consolidated earnings results for the year ended March 31, 2020. For the year, net sales were JPY 3,474 million against JPY 2,522 million a year ago. Operating loss was JPY 307 million against JPY 202 million a year ago. Loss attributable to owners of parent was JPY 353 million against JPY 17 million a year ago. Loss per share was JPY 27.91 against JPY 1.96 a year ago.
For the fiscal year 2021, the company expects net sales of JPY 830 million, operating loss of JPY 60 million, loss attributable to owners of parent of JPY 70 million and loss per share of JPY 5.53.
LANCERS,INC. is a Japan-based company mainly engaged in the platform business. The Company is engaged in the operation of a freelance platform Lancers that matches freelances and companies online. The Company is engaged in the provision of services in online stuffing platform area and crowdsourcing area. The online stuffing platform is a service in which clients can request work from specific lancers either directly or through agents and directors. The main work includes work with a high unit price such as system development and operation, design and creative production, article creation and others. The Company develops and provides directly order to freelancers services and selected freelancers introduction services in the area. The crowdsourcing is a service that requests work from an unspecified number of lancers and orders work based on deliverables. The main work includes work with relatively low unit costs such as data entry, article creation, logo design and others.
LANCERS, INC. 
