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IBJ Leasing forecasts rise in fiscal FY net income

IBJ Leasing Co. Ltd. forecasts a 4.7% year-over-year rise in net income for the fiscal year ending March 31, 2018.

The company said May 10 that it expects its fiscal full-year consolidated net income to come to ¥13 billion, or ¥304.82 per share.

In addition, the company forecasts a 6.8% year-over-year rise in revenues to ¥400 billion for the period, a 1.9% year-over-year rise in operating income to ¥18.30 billion and a 1.1% year-over-year rise in ordinary income to ¥19 billion.

For the fiscal year ended March 31, IBJ Leasing posted net income of ¥12.41 billion, or ¥291.08 per share.

As of May 10, US$1 was equivalent to ¥114.02.