Intrance Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2020
May 12, 2020 at 05:29 pm IST
Share
Intrance Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2020. For the year, the Group reported net sales of ¥1,174 million compared to ¥2,752 million reported last year. Operating loss was ¥931 million compared to income of ¥375 million reported last year. Ordinary loss was ¥973 million compared to ordinary income of ¥367 million reported last year. Net loss attributable to owners of parent was ¥1,013 million or ¥27.34 per share compared to profit of ¥55 million or ¥1.50 per share reported last year.
For the year, on Non-Consolidated, the parent company reported net sales of ¥981 million compared to ¥385 million reported last year. Operating loss was ¥905 million compared to ¥327 million reported last year. Ordinary loss was ¥968 million compared to ¥116 million reported last year. Net loss was ¥719 million or ¥19.41 per share compared to net loss of ¥150 million or ¥4.07 per share reported last year.
INTRANCE CO., LTD. is a company principally engaged in real estate regeneration activities. The Company operates in two business segments. The Principal Investment business is engaged in purchase and sales of real estate by own account, and various development projects by JV. The Company operates real estate rehabilitation projects targeting a wide range of second-hand properties such as commercial buildings, office buildings and residences throughout the country. The Solution segment is engaged in rent revenue from real estate management, managed revenue by acquisition of real estate, commission income by real estate brokerage and consulting business. The other business is engaged in the operation and plan of the herb garden through subsidiary.