Zenkoku Hosho Co.,Ltd. Announces Earnings Results for the Fiscal Year Ending March 2021
May 11, 2021 at 02:00 am EDT
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ZENKOKU HOSHO Co.,Ltd. announced earnings results for the fiscal year ending March 2021. For the period, the company's operating revenue was 100.5%, or JPY 47.834 billion, almost in line with the plan. As a result, operating income was JPY 38.233 billion, 105.2% of the plan. The final net income for the fiscal year was JPY 20.702 billion, which is 105.9% of the 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. 
