SBI FinTech Solutions Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2017; Revises Earnings Guidance for the Year Ending March, 31, 2018
February 01, 2018
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SBI FinTech Solutions Co., Ltd. reported earnings results for the nine months ended December 31, 2017. For the period, the company reported total sales of ¥9,421,756,000 against ¥5,929,659,000 a year ago. Operating income was ¥937,175,000 against ¥421,085,000 a year ago. Pre-tax profit was ¥895,515,000 against ¥421,085,000 a year ago. Net income attributable to parent company shareholders was ¥651,532,000 against ¥274,660,000 a year ago. Net sales increased by 58.9% and operating income increased by 112.4%, due to increased revenue due to the execution of new loans at Ding Service, etc.
For the year ending March 31, 2018, the company expects sales of ¥12,850,000 compared to previous forecast of ¥12,656,000, operating income of ¥1,100,000 compared to previous forecast of ¥1,004,000, pre-tax profit of ¥1,000,000 compared to previous forecast of ¥931,000 and net income attributable to parent company shareholders of ¥700,000 compared to previous forecast of ¥650,000.
SBI FinTech Solutions Co., Ltd., formerly SBI AXES Co., Ltd., is a Japan-based company mainly engaged in the payment gateway (PG) business. The Company offers credit card transaction services for electronic commerce firms. On May 30, 2014, it acquired a certain shares of Korea-based technology company, engaged in the Web search engine business and crawler consulting business. After that, it holds 73.16% stake in the target company.
SBI FinTech Solutions Co., Ltd. Reports Earnings Results for the Nine Months Ended December 31, 2017; Revises Earnings Guidance for the Year Ending March, 31, 2018