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    8572   JP3108600002

ACOM CO., LTD.

(8572)
  Report
Delayed Quote. Delayed Japan Exchange - 01/21 01:00:00 am
319 JPY   -0.93%
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(Amendment) Partial Amendment to “Brief Statement of Financial Results for the Fiscal Year Ended March 2020”

11/09/2021 | 01:43am EST

November 9, 2021

(Amendment) Partial Amendment to

"Brief Statement of Financial Results for the Fiscal Year Ended March 2020" and "Brief Statement of Financial Results for the Fiscal Year Ended March 2021"

ACOM CO., LTD. announces a partial amendment to "Brief Statement of Financial Results for the Fiscal Year Ended March 2020," which was released on May 14, 2020, and "Brief Statement of Financial Results for the Fiscal Year Ended March 2021," which was released on May 13, 2021. The amendments are as follows:

  1. Reason for the amendments
    After the release of the Brief Statement, ACOM CO., LTD. finds errors and announces the partial amendments.
  2. Details of the amendments (Underlined section shows the amendments)
    1. Brief Statement of Financial Results for the Fiscal Year Ended March 2020

(Reference) Notes on Consolidated Financial Statements

4. Commitment line contracts for account receivable - operating loans (Page 15)

Before amendment

For the current fiscal year (As of March 31, 2020)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving credit-line contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 545,784 million yenat the end of the accounting period. This included a total of 361,059 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

After amendment

For the current fiscal year (As of March 31, 2020)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving credit-line contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the

ACOM CO., LTD.

Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan

facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 544,929 million yenat the end of the accounting period. This included a total of 361,003 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

  1. Brief Statement of Financial Results for the Fiscal Year Ended March 2021 (Reference) Notes on Consolidated Financial Statements
    3. Commitment line contracts for account receivable - operating loans (Page 15)

Before amendment

For the prior fiscal year (As of March 31, 2020)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving creditline contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 545,784 million yenat the end of the accounting period. This included a total of 361,059 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

For the current fiscal year (As of March 31, 2021)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving creditline contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 669,286 million yenat the end of the accounting period. This included a total of 430,370 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

After amendment

For the prior fiscal year (As of March 31, 2020)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving creditline contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 544,929 million yenat the end of the accounting period. This included a total of 361,003 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

ACOM CO., LTD.

Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan

For the current fiscal year (As of March 31, 2021)

Loans extended by the Company and some of consolidated subsidiaries primarily take the form of revolving creditline contracts whereby a facility indicating a maximum loanable amount is assigned to a customer who is then able to borrow repeatedly within the limit of the facility, provided that contract terms have not been violated. Outstanding unexercised portions of such facilities amounted to 606,557 million yenat the end of the accounting period. This included a total of 423,164 million yenof unexercised amounts remaining in the accounts of customers with zero outstanding balances at the end of the fiscal year.

ACOM CO., LTD.

Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan

Disclaimer

Acom Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 06:42:15 UTC.


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Financials
Sales 2022 262 B 2 302 M 2 302 M
Net income 2022 59 419 M 522 M 522 M
Net Debt 2022 560 B 4 927 M 4 927 M
P/E ratio 2022 8,41x
Yield 2022 1,88%
Capitalization 500 B 4 392 M 4 394 M
EV / Sales 2022 4,05x
EV / Sales 2023 3,86x
Nbr of Employees 5 424
Free-Float -
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Mean consensus HOLD
Number of Analysts 4
Last Close Price 319,00 JPY
Average target price 426,25 JPY
Spread / Average Target 33,6%
EPS Revisions
Managers and Directors
Masataka Kinoshita Executive President & Representative Director
Tomoo Shikanoya Manager-Public Relations, Head-Finance I & II
Shigeyoshi Kinoshita Chairman
Masashi Yoshiba Senior Head-Operations & Personnel
Hiroshi Naruse Vice Chairman & Senior Head-Compliance
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