Heiwa Real Estate Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported operating revenue of JPY 16,100 million compared to JPY 15,425 million a year ago. Operating income was JPY 5,029 million compared to JPY 4,209 million a year ago. Ordinary income was JPY 4,505 million compared to JPY 3,599 million a year ago. Net income attributable to owners of parent was JPY 3,143 million compared to JPY 2,266 million a year ago. Net income per share was JPY 78.80 compared to JPY 56.80 a year ago. Income before income taxes was JPY 4,592 million compared to JPY 3,443 million a year ago. Net cash provided by operating activities was JPY 4,049 million compared to JPY 3,351 million a year ago. Purchase of tangible fixed assets was JPY 1,270 million compared to JPY 2,296 million a year ago. Purchase of intangible fixed assets was JPY 40 million.

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.