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eGuarantee, Inc. ( (JP:8771) ) just unveiled an update.
eGuarantee, Inc. reported a 9.9% year-over-year increase in guarantee liabilities, reaching 826 billion yen, driven by the rise in bankruptcies and careful screening processes. Net sales grew by 11.6% due to new contracts and expanded guarantee utilization, while ordinary profit saw a 6.1% increase, restrained by higher guarantee payments and a flat SG&A ratio. The fiscal year served as a foundation for growth under the ‘Accelerate 2028’ plan, focusing on investments to boost future growth.
More about eGuarantee, Inc.
eGuarantee, Inc. operates in the financial services industry, focusing on providing credit guarantees. The company is positioned to support businesses by mitigating credit risks, particularly in environments with increasing bankruptcies due to labor shortages and rising prices.
Average Trading Volume: 161,503
Technical Sentiment Signal: Buy
Current Market Cap: Yen85.79B
Learn more about 8771 stock on TipRanks’ Stock Analysis page.