Highlights-Financial Indicators

The Third Quarter Summary of Financial Results for the Fiscal Year Ending March 2022

Consolidated operating revenue for the nine months ended December 31, 2021, decreased to 196,922 million yen (down 2.0% year-on-year). This is attributable to: the decreases in accounts receivable - operating loans and guaranteed receivables due to the spread of COVID-19 infection which led to decreases in interest on operating loans and revenue from credit guarantee. Operating expenses, on the other hand, increased to 136,959 million yen (up 15.0% year-on-year), due to an increase in allowance for doubtful accounts and additions made to provision for loss on interest repayment, in addition to an increase in advertising expenses. The increase in advertising expenses was due to the restoration of advertising related to attracting new customers, which was suppressed by the COVID-19 infection during the nine months ended December 31, 2020, to the level before the COVID-19 infection. The increase in the allowance for doubtful accounts was due to the decrease in the allowance for doubtful accounts with the decrease in operating loans, etc. during the nine months ended December 31, 2020. The provision for loss on interest repayment was recorded up to the required amount as the number of interest repayment claims has exceeded the estimate. As a result, operating profit decreased to 59,963 million yen (down 26.8% year-on-year) and ordinary profit decreased to 60,519 million yen (down 27.0% year-on-year). Profit attributable to owners of parent decreased to 46,584 million yen (down 29.6% year-on-year).

Outlook for the Fiscal Year Ending March 2022

ACOM has set the outlook for the fiscal year ending March 2022. Its quantitative outlook of combined receivables from loan & credit card business and guarantee business is 2 trillion and 82.8 billion yen. The outlook of receivable of loan & credit card business is 878.0 billion yen, and receivable of guarantee business is 1 trillion and 204.8 billion yen in the domestic domain. As for the overseas domain, the Company aims to attain loans receivable of 57.3 billion baht for EASY BUY Public Company Limited in the Kingdom of Thailand.

With regard to quantitative targets, the Group forecasts consolidated operating revenue of 260.7 billion yen, ordinary profit of 80.1 billion yen and profit attributable to owners of parent of 61.0 billion yen.

Outlook above is forecast based on information available at the date of announcement of financial results for the fiscal year ended March 2021(May 13, 2021). However, there are some potential risk factors in the Group’s business management. In particular, the plans formulated by the Company rest on the assumption that the stagnant economic activities on the impact of the spread of COVID-19 will gradually recover. Therefore, the actual results may differ significantly.

The trend of requests for interest repayment is also highly uncertain, due to its sensitivity to changes in external environmental changes. The Group may have to make additional provision for loss on interest repayment.

Actual results may differ from forecast values due to various risk factors, not limited to those mentioned above.

Operating revenue

Ordinary income

Profit 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.

* 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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