BEENOS Inc. Reports Consolidated Earnings Results for the Second Quarter Ended March 31, 2020; Revises Earnings Guidance for the Fiscal Year Ending September 30, 2020
May 01, 2020 at 12:00 am EDT
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BEENOS Inc. reported consolidated earnings results for the second quarter ended March 31, 2020. For the period, the company reported net sales of JPY 14,286 million against JPY 11,690 million a year ago. Operating income was JPY 2,616 million. Net income was JPY 1,669 million or JPY 138.27 per share against profit of JPY 95 million or JPY 5.71 per share a year ago.
The company revised earnings guidance for the fiscal year ending September 30, 2020. For the period, the company now expects net sales of JPY 23,500 million, operating income of JPY 2,350 million and net income of JPY 1,400 million or JPY 112.00 per share compared to previous forecast of net sales of JPY 26,000 million, operating income of JPY 3,000 million and net income of JPY 1,800 million or JPY 150.81 per share.
BEENOS Inc, formerly netprice.com, Ltd., mainly operates mail-order sales business. It has two segments. The E-commerce segment operates business through three business divisions. The Gathering division is engaged in the mail-order sales through personal computers (PCs), cell phones and smart phones. The Value Cycle division is involved in the purchase, maintenance and sale of secondhand brand-name products, watches, accessories and others. The Cross Boarder division is engaged provision of services making overseas products available for purchase for Japanese clients. The Incubation segment is involved in the provision of Japan products overseas forwarding services, the production of talent licensed products, and the marketing and promotion business focusing on smart phones.
BEENOS Inc. Reports Consolidated Earnings Results for the Second Quarter Ended March 31, 2020; Revises Earnings Guidance for the Fiscal Year Ending September 30, 2020
BEENOS INC. 
