Nippon Commercial Development Co., Ltd. Revises Earnings Guidance for 2020
January 10, 2020 at 12:30 pm IST
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Nippon Commercial Development Co., Ltd. revised earnings guidance for 2020. For the full year of 2020, the company now expects net sales of JPY 74,000 million, operating profit of JPY 5,100 million, profit attributable to owners of parent of JPY 3,100 million and earnings per share of JPY 171.13 against net sales of JPY 50,000 million, operating profit of JPY 5,000 million, profit attributable to owners of parent of JPY 2,700 million and earnings per share of JPY 150.14 expected previously.
Jinushi Co Ltd is primarily engaged in real estate business. The Company operates in four business segments. The Real Estate Investment segment sells the real estate investments developed by the Company to funds, investors and others. It acquires lands, leases to tenants, and then sells to companies, individuals, private funds and real estate investment trusts as investment products that can bring stable profits. The Sublease, Lease and Fund Fees segment is engaged in sublease business, which rents lands from owners and then subleases to tenants, lease business, which leases properties owned by the Company to generate stable rental incomes, and fund fees business, which provides real estate management and others. The Planning and Brokerage segment provides consulting and real estate brokerage. The Others segment engages in overseas private finance initiative (PFI) business, management of golf courses and other entertainment business.
JINUSHI CO.,LTD. 
