Grandy House Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016
November 09, 2015
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Grandy House Corporation announced consolidated earnings results for the six months ended September 30, 2015. For the period, the company reported net sales of JPY 20,659 million against JPY 17,931 million a year ago. Operating income was JPY 1,367 million against JPY 1,005 million a year ago. Ordinary income was JPY 1,418 million against JPY 1,054 million a year ago. Net income attributable to owners of the parent company was JPY 894 million against JPY 640 million a year ago. Net income per share was JPY 31.07 against JPY 22.26 a year ago. Net cash used in operating activities amounted to JPY 161,908,000 against net cash provided by operating activities of JPY 256,336,000 a year ago. This was mainly due to an increase in inventories and payment of income taxes, in spite of an increase in net income before income taxes. Net income before income taxes was JPY 1,413,972,000 against JPY 1,046,002,000 a year ago. Purchase of property, plant and equipment was JPY 140,514,000 against JPY 57,192,000 a year ago. Purchase of intangible assets was JPY 2,400,000 against JPY 17,312,000 a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2016. For the period, the company expects net sales of JPY 40,500 million, operating income of JPY 2,700 million, ordinary income of JPY 2,750 million, net income attributable to owners of the parent company of JPY 1,700 million and net income per share of JPY 59.07.
The company expects to pay annual dividend of JPY 12.00 per share for the fiscal year 2016 compared with JPY 8 per share a year ago.
Grandy House Corporation is a Japan-based real estate company. The Company operates in three segments. The Real Estate Sales segment is engaged in the purchase of land for sales, the authorization of development licenses, the management of residential land developing works, the design, construction and sale of housings, as well as the provision of maintenance services. The Construction Material Sales segment is engaged in the sale of construction materials and members with a focus on precut materials. The Real Estate Leasing segment is involved in the leasing of buildings and condominiums, as well as the parking business.
Grandy House Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016