NEC Capital Solutions Limited Reports Consolidated Financial Results for the Fiscal Year Ended March 31, 2017; Provides Financial Guidance for the First Half and Full Year of Fiscal 2018
April 26, 2017
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NEC Capital Solutions Limited reported consolidated financial results for the fiscal year ended March 31, 2017. For the year, the company reported operating income of ¥6,024 million and profit attributable to owners of parent of ¥3,517 million or ¥163.35 per basic share on revenues of ¥215,718 million against operating income of ¥4,870 million and profit attributable to owners of parent of ¥3,334 million or ¥154.85 per basic share on revenues of ¥202,637 million for the same period of last year. ROE was 4.5% against 4.4% for the last year. Ratio of ordinary income to total assets was 0.8% against 0.7% for the last year. Cash flows used in operating activities was ¥5,866 million against ¥18,004 million for the same period of last year. Income before income taxes and minority interests was ¥6,608 million against ¥6,031 million for the same period of last year.
For the six months ending Sep. 30, 2017, the company expects, operating income of ¥4,500 million and profit attributable to owners of parent of ¥2,000 million or ¥92.88 per basic share on revenues of ¥100,000 million.
For the year ending Mar. 31, 2018, the company expects, operating income of ¥7,500 million and profit attributable to owners of parent of ¥3,500 million or ¥162.54 per basic share on revenues of ¥200,000 million.
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 Financial Results for the Fiscal Year Ended March 31, 2017; Provides Financial Guidance for the First Half and Full Year of Fiscal 2018