ZENKOKU HOSHO Co.,Ltd. Provides Earnings Guidance for the Fiscal Year Ending March 2022
May 11, 2021 at 02:00 am EDT
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ZENKOKU HOSHO Co.,Ltd. provided earnings guidance for the fiscal year ending March 2022. Operating revenue is predicted to be JPY 50.31 billion, which is unchanged from the previously announced mid-term plan. In addition, the Other portion of the expenses will remain unchanged from the medium-term plan at JPY 7.88 billion. This amount is also unchanged. As a result, operating revenue is expected to be JPY 38.78 billion and ordinary income is expected to be JPY 39.4 billion, while net income is expected to be JPY 27.22 billion, which is slightly higher than the JPY 26.93 billion in the mid-term plan.
ZENKOKU HOSHO Co., Ltd. is mainly engaged in the operation of credit guarantee business. The Companyâs guarantee products comprise three categories. The housing loan guarantees are its core products, which can meet the diverse needs of customers, such as housing acquisition funds and refinancing funds, and renovation funds and others. It acquires guarantee fees from guarantee requesters through the classification by collateral valuation and other requirements such as annual income and years of service. Education loan guarantee products guarantee the borrowings of education funds, which deal with term loans, overdraft and other formats. About the use of funds, it deals with tuition fees, exam costs and others. The apartment loan guarantee products guarantee the borrowings of construction costs of rental housing.
ZENKOKU HOSHO CO.,LTD. 
