NIS Group Co., Ltd. expected to Report Q2 2010 Results on November 11, 2009. This event was calculated by Capital IQ (Created on October 6, 2009).

NIS Group Co. Ltd. filed its AR on June 30, 2009 for the period ending March 31, 2009. In this report its auditor, Sanyu & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

NIS Group Co. Ltd. announced consolidated and parent earnings results for the year ended March 31, 2009. For the year, the group has reported total operating revenues of ¥32,170 million, a decrease of ¥50,856 million, or 61.3%, compared with ¥83,027 million reported in the previous fiscal year. This is mainly attributable to a decrease in interest income from loans receivable due to a decrease in the amount of loans originated and the balance of loans receivable, reflecting constraints on the origination of new loans as a result of the deterioration of the financing environment, in addition to a decrease in sales of real estate due to the deterioration of liquidity in the Japanese real estate markets, as well as changes in the scope of consolidation due to sales of a part of the Company's shares in Nissin Servicer Co. Ltd. and other subsidiaries. Operating losses were ¥36,328 million, compared to ¥15,427 million of operating losses for the previous fiscal year. This is mainly attributable to impairment losses of ¥9,153 million in the total of real estate for sale in the servicing business and real estate for sale and real estate under construction for sale in the real estate business, and an additional allowance of ¥12,120 million for loan losses of real estate-backed loans receivable, reflecting the significant deterioration in Japanese real estate markets, as well as provision of ¥4,390 million for excess interest repayment-related losses. Ordinary losses were ¥38,412 million, compared to ¥17,438 million of ordinary losses for the previous fiscal year. This is mainly attributable to interest expenses of ¥2,318 million and equity in losses of affiliates accounted for under the equity method of ¥1,585 million incurred as other expenses, offset by gains on foreign exchange of ¥1,439 million incurred as other income. Net losses for the year were ¥50,805 million or ¥212.03 per basic share compared to net loss of ¥45,116 million or ¥289.06 per basic share reported last year. The increase in net loss is mainly attributable to losses of ¥8,809 million on exercise of convertible preferred interest by TPG and losses of ¥4,346 million on impairment of investment securities reflecting a decline in the market price of securities held, losses of ¥2,372 million on cancellation of derivative transactions due to the cancellation of currency swap contracts on U.S. Dollar-denominated Unsecured Straight Bonds, losses of ¥1,485 million on impairment of investment in affiliated companies reflecting the commencement of civil rehabilitation proceedings by Araigumi Co. Ltd. and losses of ¥2,101 million on impairment of fixed assets, incurred as special losses, partially offset by compensation income of ¥2,992 million due to cancellation of the strategic investment and business alliance with TPG and gains of ¥7,089 million on retirement of bonds repurchased, incurred as special gains. The group also reported negative return on equity of 171.2 against 65.6% and net cash provided by operating activities of ¥64,853 million against ¥68,045 reported last year. In the year, the group has incurred capital expenditure of ¥657 million on purchases of tangible fixed assets against ¥44 million incurred a year ago. For the year, the company has reported operating loss of ¥32,162 million, ordinary loss of ¥30,419 million and net loss of ¥46,424 million or ¥193.75 per basic share on operating revenue of ¥16,246 million compared to operating loss of ¥20,670 million, ordinary loss of ¥16,495 million and net loss of ¥45,615 million or ¥292.26 per basic share on operating revenue of ¥28,123 million for the same period last year. For the six months ending September 30, 2009, the group has expected to report operating loss of ¥1,000 million, ordinary loss of ¥1,500 million and net loss of ¥1,500 million or ¥6.26 net losses per share on operating revenue of ¥3,600 million. For the year ending March 31, 2010, the group has expected to report operating loss of ¥300 million, ordinary loss of ¥1,000 million and net loss of ¥1,000 million or ¥4.17 net losses per share on operating revenue of ¥8,000 million.