Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018
May 15, 2017 at 04:00 am EDT
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Iida Group Holdings Co., Ltd. announced consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 1,232,476 million compared with JPY 1,136,011 million a year ago. Operating income was JPY 113,647 million compared with JPY 94,661 million a year ago. Profit before income taxes was JPY 110,878 million compared with JPY 91,567 million a year ago. Profit attributable to owners of the parent company was JPY 76,741 million compared with JPY 64,914 million a year ago. Earnings per basic share was JPY 266.11 compared with JPY 225.10 a year ago. Net cash used in operating activities of JPY 29,616 million compared with net cash provided by operating activities of JPY 63,957 million a year ago. Purchase of property, plant and equipment was JPY 9,161 million compared with JPY 5,892 million a year ago. Purchase of intangible assets was JPY 229 million compared with JPY 391 million a year ago.
For the six months ending September 30, 2017, the company expects net sales of JPY 635,800 million, operating income of JPY 55,400 million, profit before income taxes of JPY 54,400 million, profit of JPY 37,800 million, profit attributable to owners of parent of JPY 37,750 million or JPY 130.90 per basic share.
For the full year ending March 31, 2018, the company expects net sales of JPY 1,355,900 million, operating income of JPY 118,400 million, profit before income taxes of JPY 115,800 million, profit of JPY 79,300 million, profit attributable to owners of parent of JPY 79,200 million or JPY 274.63 per basic share.
Iida Group Holdings Co.,Ltd. is a Japan-based company engaged in the detached houses sale business, the condominiums sale business, the contract construction business and related business. The Company has six business segments. The Hajime Construction Group segment and the Arnest One segment are engaged in the detached houses sale business, the condominiums sale business and the contract construction business. The Iida Industry Group segment is engaged in the detached houses sale business, the condominiums sale business, the contract construction business, the real estate leasing business and the spa hot springs business. The Toei Housing Group segment and the Tact Home Group segment are engaged in the detached houses sale business, the contract construction business and the real estate leasing business. The ID Home segment is engaged in the detached houses sale business and the contract construction business. The Company is also engaged in the sale and processing of wood products.
Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Year Ending March 31, 2018