E'grand Co., Ltd. Announces Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
October 29, 2017
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e'grand Co. Ltd. announced earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of ¥9,824 million against ¥8,483 million a year ago. Operating income was ¥740 million against ¥534 million a year ago. Ordinary income was ¥632 million against ¥434 million a year ago. Net income was ¥433 million or ¥68.33 per diluted share against ¥294 million or ¥45.64 per diluted share a year ago.
For the year ending March 31, 2018, the company expects net sales of ¥20,048 million, operating income of ¥1,321 million, ordinary income of ¥1,050 million, net income of ¥720 million or ¥114.85 per share.
e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.
E'grand Co., Ltd. Announces Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
E'GRAND CO.,LTD 
