Mortgage Service Japan reports higher full-year net profit

11 articles · Updated · MarketWatch · May 11

For the year ended 31 March, net profit rose to Y1.16 billion from Y982 million, while revenue increased to Y8.07 billion from Y7.57 billion.
Operating profit climbed to Y1.69 billion from Y1.40 billion, pretax profit also reached Y1.70 billion, and earnings per share rose to Y79.04 from Y66.84.
The group said the results were prepared under Japanese accounting standards, with the latest report highlighting broad year-on-year improvement across revenue, profit and per-share earnings.

As Japan's interest rates rise for the first time in decades, can the mortgage industry's profitability be sustained?

Can new policies transform Japan's 9 million empty houses from a national crisis into a profitable real estate boom?

With millions of vacant homes, are 50-year mortgages a smart solution or a dangerous bubble for Japan's urban housing market?