NEC Capital Solutions Limited Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
October 30, 2016
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NEC Capital Solutions Limited reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenues of JPY 95,844 million against JPY 100,210 million a year ago. Operating income was JPY 2,761 million against JPY 2,460 million a year ago. Ordinary income was JPY 4,210 million against JPY 2,552 million a year ago. Profit attributable to owners of parent was JPY 2,924 million or JPY 135.81 per basic share against JPY 1,781 million or JPY 82.72 per basic share a year ago. Profit before income taxes was JPY 4,281 million against JPY 2,552 million a year ago. Net cash provided by operating activities was JPY 1,402 million against net cash used in operating activities of JPY 374 million a year ago. Purchases of assets held for own use were JPY 1,327 million against JPY 1,350 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2017. For the period, the company expects revenues of JPY 205,000 million, operating income of JPY 6,000 million, ordinary income of JPY 6,000 million and profit attributable to owners of parent of JPY 3,500 million or JPY 162.54 per basic share.
NEC Capital Solutions Ltd is a Japan-based company mainly engaged in the provision of finance services such as leasing, installments, and corporate loans to government offices, local governments and large and small companies. It operates through four business segments. Leasing and Installment segment is engaged in the leasing and installment sale of information processing equipment, communications equipment, office equipment, as well as industrial, civil engineering and construction machinery. Finance segment is engaged in money lending, factoring and securities investment business. Lisa segment is engaged in principal investment business, debt investments, real estate business, as well as provision of finance and advisory services. The Others segment is engaged in sale of secondhand products, collection of transaction fees, health care related business, as well as solar power generation and distribution business. It is also engaged in the operation of hotels and consulting business.
NEC Capital Solutions Limited Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
NEC CAPITAL SOLUTIONS LIMITED 