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 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. Reports Earnings Results for the Nine Months Ended December 31, 2017; Revises Earnings Guidance for the Year Ending March, 31, 2018