APLUS FINANCIALCo. Ltd. lowered its earnings forecast for the fiscal year ended March31.
The company said May 9 that it lowered its expected net incomeattributable to shareholders for the year to ¥5.30 billion, or ¥3.48 per share,from its previous forecast of ¥8.00 billion, or ¥5.25 per share.
Ordinary income is expected to come in at ¥6.00 billion, downfrom the prior forecast of ¥9.70 billion, while operating income is expected tocome in at ¥5.60 billion, down from the prior forecast of ¥9.70 billion.
Revenue from operations is projected at ¥68.20 billion, insteadof the company's previous expectation of ¥68.60 billion.
In the fiscal year ended March 31, 2015, APLUS FINANCIAL postednet income attributable to shareholders of ¥4.08 billion.
As of May 9, US$1 was equivalentto ¥108.36.