SBI AXES Co., Ltd. Reports Earnings Results for the Year Ended Match 31, 2016
May 29, 2016
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SBI AXES Co., Ltd. reported earnings results for the year ended Match 31, 2016. For the period, sales were JPY 7,160,816,000 against JPY 6,026,301,000 a year ago. Income before tax was JPY 484,313,000 against JPY 392,751,000 a year ago. Net income was JPY 445,101,000 against JPY 252,377,000 a year ago. The performance resulted in sales was due to a healthy increase in number of new merchants and steady performance in the merchants processing volume and number of transactions.
SBI FinTech Solutions Co Ltd is a Japan-based comprehensive fintech solutions company that operates payment service business, software as a back-office service (SaaS) business, and international remittance business. The Company operates in three business segments. The Payment Service segment is engaged in the provision of online payment service, terminal payment service for stores, and various financial services centered on factoring. The Back-Office SaaS segment is engaged in the provision of back-office support services such as the cloud-based invoice management system SEIKYU QUICK, the expense settlement system KEIHI BANK, and the approval system SHONIN TIME, as well as security service. The International Remittance segment is engaged in the provision of international remittance services.
SBI FINTECH SOLUTIONS CO., LTD. 
