Japan Property Management Center Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending Jun. 2019 and Year Ending December 31, 2019; Provides Dividend Guidance for the Second Quarter Ending Jun. 2019 and Year Ending December 31, 2019
May 13, 2019 at 10:14 am EDT
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Japan Property Management Center Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, net sales were JPY 10,492 million against JPY 10,120 million a year ago. Operating income was JPY 580 million against JPY 592 million a year ago. Net income attributable to owners of parent was JPY 402 million against JPY 411 million a year ago. Net income per share was JPY 22.22 against JPY 22.69 a year ago.
For the six months ending Jun. 2019, on consolidated basis, the company expects net sales of JPY 21,300 million, operating income of JPY 1,000 million, net income attributable to owners of parent of JPY 700 million and net income per share of JPY 38.62.
For the year ending December 31, 2019, on consolidated basis, the company expects net sales of JPY 43,300 million, operating income of JPY 2,200 million, net income attributable to owners of parent of JPY 1,500 million and net income per share of JPY 82.75.
For the six months ending Jun. 2019, the company expects to pay a dividend of JPY 17.50 per share.
For the year ending December 31, 2019, the company expects to pay a dividend of JPY 17.50 per share.
Japan Property Management Center Co Ltd is a Japan-based company mainly engaged in the development of property management business nationwide, centered on lump-sum lease business. The Company rents real estate properties (rental housing such as rental condominiums and rental apartments) from real estate owners and subleases them to general residents. The Company is engaged in the rental management on behalf of landlords. Construction work, remodeling work, real estate property management and brokerage, and management of elderly housing are operated by partner companies (real estate management companies, construction companies, remodeling companies, and long-term care companies) nationwide. The Company is also engaged in the delinquency guarantee business, insurance business, broadband business (JPMC Hikari), sales business of building materials, and contract for renewal, remodeling and renovation work in the metropolitan area.
Japan Property Management Center Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending Jun. 2019 and Year Ending December 31, 2019; Provides Dividend Guidance for the Second Quarter Ending Jun. 2019 and Year Ending December 31, 2019
JAPAN PROPERTY MANAGEMENT CENTER CO.,LTD. 
