Intrance Co, Ltd. Revises Consolidated Earnings Forecast for the Year Ending March 31, 2019
October 01, 2018 at 12:14 pm EDT
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Intrance Co, Ltd. revised its consolidated earnings forecast for the year ending March 31, 2019. For the year, the company now expects net sales of JPY 2,750 million against JPY 2,700 million as previously forecasted. Operating income is expected to be JPY 390 million against JPY 280 million as previously forecasted. Ordinary income is expected to be JPY 330 million against JPY 220 million as previously forecasted. Net income attributable to owners of parent is expected to be JPY 120 million against JPY 80 million as previously forecasted. Net income per share was expected to be JPY 3.24 against JPY 2.16 as previously forecasted.
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.