Estore Corporation Announces Non-Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending 31 March 2018
November 09, 2017 at 11:03 am EST
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Estore Corporation announced non-consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of JPY 2,451 million against JPY 2,310 million a year ago. Operating income was JPY 230 million against JPY 214 million a year ago. Ordinary income was JPY 229 million against JPY 208 million a year ago. Net income was JPY 156 million against JPY 142 million a year ago. Net income per share was JPY 30.33 against JPY 27.67 a year ago.
The company provided earnings guidance for the year ending 31 March 2018. For the year, the company expects net sales of JPY 4,990 million, operating income of JPY 403 million, ordinary income of JPY 397 million, net income of JPY 274 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 Announces Non-Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending 31 March 2018