LIFULL Co., Ltd. Resolves Change of Accounting Period from March 31 of Each Year to September 30 of Each Year; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2017; Resolves Change of Partial Amendments to Articles of Incorporation
May 23, 2017 at 03:30 am
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LIFULL Co., Ltd. announced that at a meeting of its Board of Directors held on May 23, 2017, it was resolved that a proposal for the change of the accounting period be submitted to the 22nd Annual General Meeting of Shareholders to be held on June 28, 2017. Due to the characteristics of its business, the company's peak business period is from January to March every year. In this light, the change is based on the decision that avoiding the closing of the accounting period (fiscal year end) immediately after the peak business period would allow further improvements in efficient asset deployment. The fiscal year ending September 30, 2017 is planned to be a transitional period of six months after the accounting period change, from April 1, 2017 through September 30, 2017.
For the fiscal year ending September 30, 2017, the company expects revenue of JPY 15,973 million, operating income of JPY 185 million, net profit attributable to owners of the parent of JPY 138 million and EBITDA of JPY 662 million.
The company resolved change of partial amendments to the Articles of Incorporation.
LIFULL Co., Ltd. is a Japan-based company mainly engaged in the provision of real estate related information services. The Company has two business segments. The HOMEâS Related segment is engaged in the operation of the real estate information Website LIFULL HOME'S, the advertising agency business, the system development and Web production business, the provision of customer relationship management (CRM) services for real estate companies, and data management platform (DMP) service for developers, as well as the Internet marketing business. The Overseas segment is engaged in the operation of the aggregation site Trovit and overseas real estate information sites. The Company is also engaged in the operation of a series of Websites for nursing facilities searching, insurance shops searching and reservation, moving estimate and reservation, rental storage space information searching, as well as the insurance agency business and other businesses.
LIFULL Co., Ltd. Resolves Change of Accounting Period from March 31 of Each Year to September 30 of Each Year; Provides Earnings Guidance for the Fiscal Year Ending September 30, 2017; Resolves Change of Partial Amendments to Articles of Incorporation