Fiscal Year Ending March 31, 2023 First Quarter
Results Briefing Information Materials
Entrust Inc.
Securities Code: 7191
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Fiscal Year Ending March 31, 2023
- First Quarter Business Results
Company Plan for the Fiscal Year Ending March 31, 2023
Company Information
© Entrust Inc. All Rights Reserved . | 1 |
1
2
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Fiscal Year Ending March 31, 2023
- First Quarter Business Results
Company Plan for the Fiscal Year Ending March 31, 2023
Company Information
© Entrust Inc. All Rights Reserved . | 2 |
Overview of Performance
- Sales increased significantly due to the growth in property rent guarantees
- Operating profit also increased significantly as a result of curbing cost increases
(Million yen) | ||||
2021/6 | 2022/6 | Year-on-year | ||
Actual | Actual | |||
Revenues | 1,160 | 1,459 | 125.7% | |
Operating profit | 283 | 370 | 130.8% | |
(Margin) | 24.4% | 25.4% | - | |
Ordinary income | 284 | 367 | 129.1% | |
(Margin) | 24.5% | 25.2% | - | |
Net income | 170 | 214 | 126.0% | |
(Margin) | 14.7% | 14.7% | - | |
Revenues increased to
125.7%
Operating profit increased to
130.8%
- Property rent guarantees grew significantly as a result of the switchover from Solution services and an increase in the number of trades with existing customers (158.3% year-on-year)
- Medical care expense guarantees generally progressed as planned
- Bad debt costs increased due to an increase in subrogation payments as a result of growth in property rent guarantees; however, the growth rate is stable
© Entrust Inc. All Rights Reserved . | 3 |
Revenues by Quarter
- Sales in the guarantee business grew to a record high Year on Year 126% (+298 million yen)
Year on Year
126%
(+298 million yen)
(Million yen) Solution services Guarantee services
1,500 | 1,459 | |||||||||||
1,353 | ||||||||||||
1,195 | 1,234 | |||||||||||
1,250 | 1,142 | 1,160 | 431 | |||||||||
1,016 | 1,012 | 1,004 | 1,043 | 484 | ||||||||
1,000 | 866 | 898 | 467 | 458 | ||||||||
845 | ||||||||||||
481 | ||||||||||||
520 | ||||||||||||
464 | 460 | 464 | ||||||||||
750 | 525 | |||||||||||
428 | 432 | 444 | ||||||||||
500 | 1,027 | |||||||||||
776 | 869 | |||||||||||
621 | 679 | 728 | ||||||||||
579 | ||||||||||||
250 | 453 | 491 | 548 | 544 | ||||||||
434 | ||||||||||||
417 | ||||||||||||
0 | ||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q |
FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 |
Solution business
Some contracts shifted from the C&O service to the guarantee business 89.7% compared with the year-on-year period (-49 million yen)
Guarantee business
The guarantee business grew due to continued growth in property rent guarantees and increased renewal guarantee fees
151.2% compared with the year-on-year period (+348 million yen)
© Entrust Inc. All Rights Reserved . | 4 |
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