ZENKOKU HOSHO Co.,Ltd. Reports Earnings Results for the Year Ended March 31, 2019
May 28, 2019 at 04:49 pm EDT
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ZENKOKU HOSHO Co.,Ltd. reported earnings results for the year ended March 31, 2019. For the year, the company reported operating revenue of JPY 43,204 million compared to JPY 39,599 million a year ago. Operating income was JPY 34,229. Operating income was JPY 35,169 million compared to JPY 31,974 million a year ago. Net income was JPY 24,134 million or JPY 350.92 per share compared to JPY 22,052 million or JPY 320.71 per share a year ago.
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.