E'grand Co.,Ltd Announces Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019; Announces Year End Dividend for the Year Ended March 31, 2018 Payable from June 28, 2018; Expects Interim Dividend and Year End Dividend for the Year Ending March 31, 2019
May 09, 2018
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e'grand Co.,Ltd announced non-consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of ¥20,544 million, operating income of ¥1,412 million, ordinary income of ¥1,192 million, net income of ¥842 million, diluted net income per share of ¥132.25, return on equity of 13.8%, ratio of ordinary income to total assets of 7.0%, cash flow from operating activities of ¥1,260 million compared to net sales of ¥18,487 million, operating income of ¥1,233 million, ordinary income of ¥1,011 million, net income of ¥707 million, diluted net income per share of ¥109.79, return on equity of 12.8%, ratio of ordinary income to total assets of 6.4%, cash flow used in operating activities of ¥466 million for the same period last year.
The company announced year end dividend of ¥19.00 per share for the year ended March 31, 2018 against ¥10.00 per share a year ago. The company expects to pay dividend from June 28, 2018.
The company expects interim dividend of ¥19.00 per share and year end dividend of ¥19.00 per share for the year ending March 31, 2019.
The company provides earnings guidance for the six months ending September 30, 2018 and year ending March 31, 2019. For the six months ending September 30, 2018, the company expects net sales of ¥10,957 million, operating income of ¥717 million, ordinary income of ¥593 million, net income of ¥406 million, net income per share of ¥64.54.
The company expects net sales of ¥22,278 million, operating income of ¥1,504 million, ordinary income of ¥1,245 million, net income of ¥853 million, net income per share of ¥135.56 for the year ending March 31, 2019.
e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.
E'grand Co.,Ltd Announces Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Year Ending March 31, 2019; Announces Year End Dividend for the Year Ended March 31, 2018 Payable from June 28, 2018; Expects Interim Dividend and Year End Dividend for the Year Ending March 31, 2019
E'GRAND CO.,LTD 
