Jinushi Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023
August 21, 2023 at 02:00 am EDT
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JINUSHI Co.,Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the period, the company now expects net sales of JPY 32,000 million, operating profit of JPY 6,000 million, profit attributable to owners of parent of JPY 4,400 million and net income per share of JPY 250.27 against previous forecast for net sales of JPY 42,000 million, operating profit of JPY 6,300 million, profit attributable to owners of parent of JPY 4,200 million and net income per share of JPY 229.69.
Jinushi Co Ltd is primarily engaged in real estate business. The Company operates in four business segments. The Real Estate Investment segment sells the real estate investments developed by the Company to funds, investors and others. It acquires lands, leases to tenants, and then sells to companies, individuals, private funds and real estate investment trusts as investment products that can bring stable profits. The Sublease, Lease and Fund Fees segment is engaged in sublease business, which rents lands from owners and then subleases to tenants, lease business, which leases properties owned by the Company to generate stable rental incomes, and fund fees business, which provides real estate management and others. The Planning and Brokerage segment provides consulting and real estate brokerage. The Others segment engages in overseas private finance initiative (PFI) business, management of golf courses and other entertainment business.
JINUSHI CO.,LTD. 
