Acom Co., Ltd. Revised Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ended March 2020
April 24, 2020 at 02:30 am EDT
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Acom Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal Year ended March 2020. For the year, on consolidated basis, the company expects operating revenue of JPY 279,500 million compared to previous forecast of JPY 275,500 million. Operating profit of JPY 75,600 million compared to previous forecast of JPY 87,600 million. The company also expects profit attributable to Owners of Parent of JPY 59,600 million compared to previous forecast of JPY 75,500 million and basic earnings per Share of JPY 38.04 compared to previous forecast of JPY 48.19 per share a year ago.
For the year, on non-consolidated basis, the company expects operating revenue of JPY 206,900 million compared to previous forecast of JPY 205,200 million. Operating profit of JPY 49,200 million compared to previous forecast of JPY 63,700 million. The company also expects profit of JPY 53,600 million compared to previous forecast of JPY 70,300 million and basic earnings per Share of JPY 34.21 compared to previous forecast of JPY 44.87 per share a year ago.
Acom Co Ltd is a Japan-based company mainly engaged in loan and credit card business, credit guarantee business, overseas financial business, debt management and collection business. The Company operates in four business segments. The Loan and Credit Card segment provides the unsecured loan business and the credit card business with MasterCard as the main product. The Credit Guarantee segment is engaged in credit guarantee business. The Overseas Financial segment includes unsecured loan business in Thailand and the Philippines, installation loan business in Thailand (individual credit purchase brokerage business), and banking business in Indonesia. The Debt Management and Collection segment provides servicer business including debt management and collection business. The others include contracting a contact center and dispatching human resources business.