Oricon Inc. has reported yet another drop in ordinary profit between April 1, 2020 to December 31, 2020, though the business has held itself together after witnessing an increase in net income for the same period as a result of extraordinary gains. The business remains uncertain in its outlook as long as the pandemic does not abate citing stagnation in personal consumption and corporate activities provide a challenging climate despite growth in gross domestic product (GDP).
Sales in its news distribution and PV business has decreased by 1.2% year-on-year, however its media outlet ORICON NEWS has seen page views increasing in 2020 by 6% for the same period of the previous year encompassing of the last three month from October to December 2019. The company has also reported a climb in number of subscribers of its Youtube channel of the same name, ORICON NEWS with the count hitting 1.15 million subscribers as of December 2020. Views are steadily increasing. Nevertheless, sales of its communication business as a whole increased by 3.2% due to the creation of a new business model with the formation of “Oricon NEXT Communications Inc.”, a consultation business that provides solution to Public Relations and WEB Marketing. Its data service business, which centered around “ORICON BiZ Online” has recorded a 1.6% jump in sales to ¥497,563,000 (~$4,591,971) contributing to ¥26,691,000 (~$246,329) in segment income. However, it;’s mobile market has succumbed to lower sales, falling 16.8% year-on-year due to a shrinking market and intense competition.
Oricon Inc., was established in 1999 and is listed on the Tokyo Stock Exchange, ticker symbol: 48000
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Summary of Financial Results 2020
Summary of Financial Results for the first quarter 2021
Summary of Financial Results for the second quarter 2021
Summary of Financial Results for the third quarter 2021
Summary of Financial Results 2016
Summary of Financial Results 2017
Summary of Financial Results 2018
Summary of Financial Results 2019
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