Estore Corporation Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending 31 March 2019
May 10, 2018 at 10:42 am EDT
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Estore Corporation reported non-consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 5,044 million compared to JPY 4,775 million a year ago. Operating income was JPY 554 million compared to JPY 407 million a year ago. Ordinary income was JPY 582 million compared to JPY 401 million a year ago. Net income was JPY 411 million or JPY 79.73 per share compared to JPY 285 million or JPY 55.32 per share a year ago. Return on equity was 31.2% compared to 26.1% a year ago. Cash flows from operating activities were JPY 691 million compared to JPY 465 million a year ago. Ratio of ordinary income to total assets was 15.6% against 11.5% a year ago.
The company provided earnings guidance for the year ending March 31, 2019. For the year, the company expects net sales of JPY 5,540 million, operating income was JPY 531 million, ordinary income was JPY 531 million and net income was JPY 367 million.
Estore Corp is a Japan-based company mainly engaged in the electronic commerce (EC) and hands-on incubation (HOI). The Company operates in two business segments. The EC segment provides comprehensive EC support services for a wide range of businesses, from large companies to small and medium-sized enterprises, and provides EC system, payment service, and marketing businesses. The HOI segment is operated for companies that have excellent products, content, and many customers, but are missing out on opportunities due to a lack of invested capital and e-commerce know-how. The HOI business generously provides partner companies with the direct-to-consumer (D2C) know-how and knowledge gained over the 23 years since its founding, as well as the vast amount of data, and invests systems, marketing, human resources, and funds. Besides mergers and acquisitions (M&A), the Company also carries out project styles such as special purpose companies (SPCs), joint ventures, and profit-sharing models.
Estore Corporation Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Year Ending 31 March 2019