Daiwa House Industry Co.,Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Announces Dividend for the Year Ended March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2021; Provides Earnings Guidance for the Year Ending March 31, 2021
May 14, 2020 at 07:07 am EDT
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Daiwa House Industry Co.,Ltd. reported consolidated earnings results for the year ended March 31, 2020. For the year, the company reported net sales of ¥4,380,209 million compared to ¥4,143,505 million a year ago. Operating income was ¥381,114 million compared to ¥372,195 million a year ago. Net income was ¥237,356 million or ¥351.84 per basic share and ¥351.76 per diluted share compared to ¥242,031 million or ¥357.29 per basic share and ¥357.09 per diluted share a year ago.
The company announced dividend ¥60.00 per share for the year ended March 31, 2020 compared to ¥64.00 per share paid in last year.
The company provided dividend guidance of ¥40.00 per share for the second quarter September 30, 2020 compared to ¥55.00 per share paid in last year.
The company provided dividend guidance of ¥50.00 per share for the year ending March 31, 2021 compared to ¥60.00 per share paid in last year.
The company provided earnings guidance for the year ending March 31, 2021. For the year, the company expects net sales of ¥3,650,000 million, operating income of ¥170,000 million, net income attributable to owners of the company of ¥105,000 million or ¥158.13 per basic share a year ago.
Daiwa House Industry Company is a building and civil engineering works group organized around 5 areas of activity:
- construction and sale of business real estate assets (42.4% of net sales): offices, industrial sites, distribution centers, etc.;
- rental housing (25.4%);
- construction and sale of residential real estate assets (20.2%);
- renovation services (3.4%);
- other (8.6%): primarily production of building materials and logistic services.
Daiwa House Industry Co.,Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2020; Announces Dividend for the Year Ended March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2021; Provides Earnings Guidance for the Year Ending March 31, 2021