Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2019
May 15, 2018 at 12:30 pm IST
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Iida Group Holdings Co., Ltd. announced consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 1,335,386 million compared with JPY 1,232,476 million a year ago. Operating income was JPY 103,755 million compared with JPY 113,647 million a year ago. Profit before income taxes was JPY 100,316 million compared with JPY 110,878 million a year ago. Profit attributable to owners of the parent company was JPY 69,542 million compared with JPY 76,741 million a year ago. Earnings per basic share were JPY 241.15 compared with JPY 266.11 a year ago. Net profit was JPY 69,631 million compared with JPY 76,883 million a year ago. Net cash provided by operating activities of JPY 17,599 million compared with net cash used in operating activities of JPY 29,616 million a year ago. Purchase of property, plant and equipment was JPY 7,852 million compared with JPY 9,161 million a year ago. Purchase of intangible assets was JPY 886 million compared with JPY 229 million a year ago.
For the six months ending September 30, 2018, the company expects consolidated net sales of JPY 692,900 million, operating income of JPY 61,000 million, profit before income taxes of JPY 59,000 million, net profit of JPY 41,000 million, profit attributable to owners of parent of JPY 41,000 million or JPY 142.17 per basic share.
For the full year ending March 31, 2019, the company expects consolidated net sales of JPY 1,496,700 million, operating income of JPY 132,700 million, profit before income taxes of JPY 128,800 million, net profit of JPY 88,700 million, profit attributable to owners of parent of JPY 88,700 million or JPY 307.58 per basic share.
Iida Group Holdings Co., Ltd. is a holding company, which is principally engaged in the operation of real estate business. Through the subsidiaries, the Company is engaged in the detached house sale business, including the purchase of commercial lands, reclamation, planning, design, construction and sale, the provision of after-sale services, and land subdivision operation; the condominium sale business, including the operative construction and distribution of condominiums, and the contracted works, including the undertaken of real estate construction works. The Company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others. On May 22, 2014, it acquired 94.54% interests in a Japan-based company.
Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2019