Intellex Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 30, 2012; Provides Earnings Guidance for the Year Ending May 31, 2013
January 10, 2013
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Intellex Co. Ltd. reported consolidated earnings results for the six months ended November 30, 2012. For the period, on consolidated basis, the company's net sales were JPY 12,885 million compared to JPY 13,490 million a year ago. Operating income was JPY 196 million compared to JPY 105 million a year ago. Loss before income taxes and minority interests was JPY 42.342 million compared to JPY 228.470 million a year ago. Net loss was JPY 32 million or JPY 432.57 per share compared to JPY 182 million or JPY 2,421.09 per share million a year ago. Net cash provided by operating activities was JPY 2,625.527 million compared to net cash used in operating activities of JPY 254.202 million a year ago. Purchase of noncurrent assets were JPY 262.213 million compared to JPY 29.610 million a year ago.
For the year ending May 31, 2013, the company expected net sales JPY 23,886 million, operating income of JPY 544 million, net income of JPY 27 million or EPS 371.04.
INTELLEX Co., Ltd. is primarily engaged in the real estate business. The Company operates through two business segments. The Pre-owned Condominium Renovation and Distribution segment is engaged in the purchase, renovation and sale of condominiums in the Tokyo metropolitan area, including Tokyo, Kanagawa, Saitama and Chiba Prefectures. The Other Real Estate Business segment is engaged in the real estate related business such as the trading and leasing of buildings, detached houses and land lots, sales of small-lot real estate commercialization, as well as renovation interior contracting business.
Intellex Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended November 30, 2012; Provides Earnings Guidance for the Year Ending May 31, 2013