Heiwa Real Estate Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
January 28, 2018
Share
Heiwa Real Estate Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported operating revenue of JPY 26,118 million compared to JPY 22,837 million a year ago. Operating income was JPY 7,433 million compared to JPY 6,214 million a year ago. Ordinary income was JPY 6,716 million compared to JPY 5,336 million a year ago. Net income attributable to owners of parent was JPY 4,692 million compared to JPY 3,351 million a year ago. Net income per share was JPY 117.63 compared to JPY 84.01 a year ago. Income before income taxes was JPY 6,800 million compared to JPY 5,016 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects operating revenue of JPY 36,000 million, operating income of JPY 8,700 million, ordinary income of JPY 7,500 million and net income attributable to owners of parent of JPY 5,000 million or JPY 125.35 per share.
HEIWA REAL ESTATE CO.,LTD. is a Japan-based company mainly engaged in leasing business and real estate solution business. The Company operates in two business segments. The Leasing segment specializes in the development, leasing, management and operation of stock exchanges, offices, commercial facilities and housing. The Real Estate Solution segment is engaged in the development, sales, operation and management of real estates for revenue, development and sales of residential houses as well as real estate agency business. The Others businesses include the maintenance and repair of building equipment, contract work for repair, insurance agency business, etc.
Heiwa Real Estate Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018