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Acom Co. Ltd.

Acom Co. Ltd. is a Japan company, located in Tokyo. more detail is as below.

Company Information

  • Company Name: Acom Co. Ltd.
  • Country: Japan
  • Address: Tokyo
  • International Area Code: 81
  • Phone: 81-3-5533-0631
  • Fax: 81-3-3215-3190
  • Contact: Shigeyoshi Kinoshita
  • Website:
  • Type: Services
  • Profile: At The End Of This Fiscal Year, Consolidated Operating Income Was 379.7 Billion Yen, Down 10.4% Year-on-year. This Was Attributable To A Decrease In Loans Receivable Due To Stricter Credit Screening Standards In Our Loan Business And Reduced Interest On Loans Receivable As A Result Of An Early Launch Of Loan Products With New Interest Rates Of 18% Or Lower. Meanwhile, Operating Expenses Were Down 41.4% Compared Year-on-year To 298.0 Billion Yen As Results Of Vast Reduction In Provision For Loss On Interest Repayments, And Reduction In Operation Costs, Including Personnel Costs, Advertising And Promotion Expenses, And Expenses For Computer Operation And Development. As A Result, Operating Profit Of 81.6 Billion Yen And Income Before Extraordinary Items Of 83.1 Billion Yen Were Recorded. During This Fiscal Year, Annual Net Income Amounted To 35.4 Billion Yen. Among Factors Behind The Result Include The Loss On Revaluation Of Marketable Securities Due To Impairment Of Our Capital Holdings And Prior Fiscal Year Corporate Taxes, Etc. Cash Dividends For Both The First Half And The Term-end Will Be 50.00 Yen Per Share, As Planned, And The Annual Dividend Will Be 100.00 Yen Per Share, As In The Previous Fiscal Year. Under Establishment Of Compliance, We Are Committed To Promoting Business Activities For The Sound Development Of The Entire Consumer Credit Market By Building A Corporate Group With A Stronger Social Focus, Especially In Respect To Customer Protection, While Providing Financial Services That Deliver Relief And Confidence Through Low-priced Financial Services. Forging Ahead Through Management Reforms At Present, The Operating Environment Surrounding The Consumer Finance Market Is Undergoing A Dramatic Change In Light Of Upcoming Reduction In The Interest Cap And The Introduction Of A Regulation On Total Loan Balance In The Money Lending Business Law Due To Gradually Come Into Effect. We Now Face A Situation In Which We Cannot Easily Overcome These Challenges Using Our Traditional Earnings Model. Accordingly, The Acom Group Will Build A Rock-solid Business Foundation Conducive To Stable Long-term Growth Under The Revised Law By Taking Appropriate Action To Comply With The Money Lending Business Law And Further Promoting Compliance-oriented Awareness While Forcing Through Drastic Reforms On Cost Structure Across The Acom Group With The Aim Of Offering Our Customers Enhanced Services. Trend In Loss On Interest Repayments Requests For Interest Repayments Are Expected To Remain At A High Level During Ongoing Fiscal Year. However, We Project That The Number Of Requests Will Gradually Decline Thereafter As The Customers Of New Loan Products With Lower Interest Rate, Which Have Been Introduced To Meet The Requirements Of The Interest Rate Restriction Law, Will Increase; And The Amount Of Loans In Which Customers Are Capable Of Making Requests For Interest Repayments Will Shrink Following The Reorganization Of Our Loan Portfolio.
  • Area: Tokyo
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