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Japan's Aiful forecasts YOY surge in fiscal 2018-2019 net profit

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Japan's Aiful forecasts YOY surge in fiscal 2018-2019 net profit

AIFUL Corp. expects to report year-over-year increases in net profit for the fiscal first half ending Sept. 30 and full year ending March 31, 2019.

The Japanese consumer finance firm said May 14 that it expects to report a 64.6% increase in profit attributable to owners of its parent for the first half to ¥5.60 billion, or ¥11.58 per share. For the fiscal year ending March 31, 2019, the company forecasts a 294.1% year-over-year jump in net profit to ¥15.60 billion, or ¥32.25 per share.

Aiful reported ¥3.96 billion in net profit for the year ended March 31, down 45.6% from the prior fiscal year.

As of May 14, US$1 was equivalent to ¥109.61.