Akatsuki Corp. Reports Consolidated Financial Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Year Ended March 31, 2021
May 15, 2020 at 10:04 am EDT
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Akatsuki Corp. reported consolidated financial earnings results for the year ended March 31, 2020. For the period, the company reported operating income of ¥1,594 million, ordinary income of ¥1,094 million and net income attributable to shareholders of ¥1,417 million or ¥46.40 per basic share on net operating revenue of ¥10,432 million against operating income of 1,806 million, ordinary income of ¥1,355 million and net income attributable to shareholders of ¥1,031 million or ¥39.84 per basic share on net operating revenue of ¥35,737 million reported for the same period a year ago. Diluted earnings per share was ¥45.72 against ¥38.06 reported a year ago.
For the year ended March 31, 2021, the company expects company reported operating income of ¥1,500 million, ordinary income of ¥1,000 million and net income attributable to shareholders of ¥650 million on net sales of ¥36,000 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 Financial Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Year Ended March 31, 2021