V2Y Corporation Ltd. provided consolidated earnings guidance for the financial year ended December 31, 2021. For the year, the group expects to record a further net loss arising from, among others, an expected impairment loss on its goodwill which is expected to contribute significantly to the net loss. The ongoing COVID-19 pandemic, coupled with the rising inflation and global chip shortage, has impacted many industries including those of the group's main customers.

There continues to be a slowdown in both renewal of contracts by existing customers and in signing of contracts with new customers in relation to the company's Insurtech business, resulting in lower revenue from the company's Insurtech business for fiscal year 2021, due to business uncertainty during the pandemic period.