Relo Group, Inc. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2021
March 25, 2021 at 02:00 am EDT
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Relo Group, Inc. revised earnings guidance for the fiscal year ending March 31, 2021. For the year, the company expects sales of JPY 320,000 million against previous forecast of JPY 290,000 million. Operating profit of JPY 11,900 million against previous forecast of JPY 9,800 million. Net income attributable to owners of parent of JPY 9,000 million or JPY 59.60 against previous forecast of JPY 5,500 million or JPY 36.43.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
