Japan Property Management Center Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019
August 05, 2019 at 09:51 pm IST
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Japan Property Management Center Co. Ltd. reported consolidated earnings results for the six months ended June 30, 2019. For the period, net sales were JPY 21,304 million against JPY 20,649 million a year ago. Operating income was JPY 1,192 million against JPY 1,277 million a year ago. Net income attributable to owners of parent was JPY 823 million against JPY 888 million a year ago. Net income per share was JPY 45.63 against JPY 49.04 a year ago.
For the year ending December 31, 2019, on consolidated basis, the company expects net sales of JPY 43,300 million, operating income of JPY 2,200 million, net income attributable to owners of parent of JPY 1,500 million and net income per share of JPY 82.75.
Japan Property Management Center Co Ltd is a Japan-based company mainly engaged in the development of property management business nationwide, centered on lump-sum lease business. The Company rents real estate properties (rental housing such as rental condominiums and rental apartments) from real estate owners and subleases them to general residents. The Company is engaged in the rental management on behalf of landlords. Construction work, remodeling work, real estate property management and brokerage, and management of elderly housing are operated by partner companies (real estate management companies, construction companies, remodeling companies, and long-term care companies) nationwide. The Company is also engaged in the delinquency guarantee business, insurance business, broadband business (JPMC Hikari), sales business of building materials, and contract for renewal, remodeling and renovation work in the metropolitan area.
Japan Property Management Center Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019