Intrance Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2017; Provides Dividend and Earnings Guidance for the Full Year of Fiscal 2018
November 08, 2017 at 10:40 am EST
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Intrance Co., Ltd. announced consolidated earnings results for the first half ended September 30, 2017. For the period, the company reported net sales of JPY 1,673 million compared with JPY 2,274 million for the same period a year ago. Operating income was JPY 132 million compared with JPY 638 million for the same period a year ago. Ordinary income was JPY 112 million compared with JPY 542 million for the same period a year ago. Net income attributable to owners of parent was JPY 74 million or JPY 2.01 per share compared with JPY 368 million or JPY 9.95 per share for the same period a year ago.
The company provided dividend guidance for the full year of fiscal 2018. The company plans to pay final dividend of JPY 2.00 per share for the full year of fiscal 2018.
The company provided earnings guidance for the full year of 2018. For the full year, the company expects to report net sales of JPY 2,500 million, operating income of JPY 470 million, ordinary income of JPY 350 million and net income attributable to owners of parent of JPY 230 million or JPY 6.20 per share.
INTRANCE CO., LTD. is a company principally engaged in real estate regeneration activities. The Company operates in two business segments. The Principal Investment business is engaged in purchase and sales of real estate by own account, and various development projects by JV. The Company operates real estate rehabilitation projects targeting a wide range of second-hand properties such as commercial buildings, office buildings and residences throughout the country. The Solution segment is engaged in rent revenue from real estate management, managed revenue by acquisition of real estate, commission income by real estate brokerage and consulting business. The other business is engaged in the operation and plan of the herb garden through subsidiary.
Intrance Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2017; Provides Dividend and Earnings Guidance for the Full Year of Fiscal 2018