Daito Trust Construction Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
October 26, 2016
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Daito Trust Construction Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported total Sales of JPY 738,871 million against JPY 697,155 million a year ago. Operating profit was JPY 71,950 million against JPY 59,095 million a year ago. Net Profit was JPY 50,180 million against JPY 40,322 million a year ago. Cash flow from operating activities was JPY 48,053 million against JPY 14,847 million a year ago.
The company provides earnings guidance for the year ending March 31, 2017. For the period, the company expects sales of 1,498,000 million, operating Profit of JPY 118,000 million and net profit of JPY 82,100 million.
Daito Trust Construction Co Ltd is a Japan-based company mainly engaged in real estate-related business. The Company operates through three business segments. The Construction segment is engaged in the planning, design and construction of contracted works. The Real Estate segment is engaged in the brokerage, management and leasing of real estates, the provision of real estate information and guarantor contract business. The Financial segment is involved in the construction loan business, trust business, consulting business related to asset succession and asset management, and fire reinsurance business. It is also engaged in the sale of fuel (LP gas), operation of day service centers and childcare facilities, provision of home-visit nursing care services, sale and supply of electricity, operation of overseas hotel businesses, and the ship and print of documents.
Daito Trust Construction Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017