Highlights-Financial Indicators

The Third Quarter Summary of Financial Results for the Fiscal Year Ending March 2021

Consolidated operating revenue for the nine months ended December 31, 2020, decreased to 201,021 million yen (down 3.8% year-on-year). This is attributable to: the effect of the exclusion of PT. Bank Nusantara Parahyangan, Tbk. from the scope of consolidation upon sales of all its shares held by the Company in April 2019; and decreases in accounts receivable - operating loans and guaranteed receivables due to the spread of COVID-19 which led to decreases in interest on operating loans and revenue from credit guarantee. Operating expenses, on the other hand, decreased to 119,143 million yen (down 10.8% year-on-year), mainly due to decreases in provision of allowance for doubtful accounts and allowance for loss on guarantees resulting from decreases in accounts receivable - operating loans and guaranteed receivables, a decrease in advertising expenses resulting from curtailed advertisement for gathering and acquiring new customers associated with the partial reduction in operating activities in response to commuting controls requested by the government. As a result, operating profit increased to 81,878 million yen (up 8.6% year-on-year), ordinary profit increased to 82,889 million yen (up 10.9% year-on-year), and profit attributable to owners of parent increased to 66,188 million yen (up 2.3% year-on-year).

Outlook for the Fiscal Year Ending March 2021

ACOM assumes that decline in demand for funds resulting from spread of COVID-19 infection will remain, adversely affecting its domestic loan, credit card and guarantee businesses. However, we also see signs of recovery in consumer sentiment. Therefore, we expect the extent of yoy decreases in receivables to moderate and shift back to gradual increasing trend by the end of fiscal year.

With regard to our overseas performance, operation in Kingdom of Thailand accounts for the majority of receivables. Demand for funds has declined in Thailand as the local government has imposed curfews, restrictions on activities, lockdowns and other measures after declaration of state of emergency. There is another adverse impact of foreign exchanges from appreciation of yen against baht. With these factors in mind, ACOM expects year-on-year shrinkage in overseas business scale.

Therefore, ACOM expects year-on-year shrinkage in group’s business scale, leading to decrease in operating revenue.

However, such shrinkage, combined with other factors, also leads to decrease in operating expenses such as financial expenses and bad debt expenses. Consequently, ACOM expects increase in operating profit.

Operating revenue

Ordinary income (loss)

Profit (loss) attributable to owners of parent

Net assets

Total assets

Net assets per share (Yen)

Return on equity (ROE)

Trend of major financial ratio

The trend for past 11 years is available in PDF and excel format.

Data for past 5 quarters is available in the table below.

* Please scroll/swipe tables horizontally to see remaining data.

* Pursuant to amendments in Accounting Standard, etc. for Business Combinations, “Net income (loss)” was renamed to “Profit (loss) attributable to owners of parent” from the 1Q of FY March 2016.

* The Company has applied the "Partial Amendments to Accounting Standard for Tax Effect Accounting" (ASBJ Statement No. 28, February 16, 2018) from the beginning of the three months ended June 30, 2018. Accordingly, figures for 2018/3 are stated in figures to which the above accounting standard has been retrospectively applied.


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