E'grand Co,. Ltd. Reports Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year First Half and Full Year of Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the First Half and Full Year of Fiscal Year Ending March 2020
July 30, 2019
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e'grand Co,. Ltd. reported non-consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company's net sales were JPY 4,574 million compared to JPY 4,502 million a year ago. Operating income was JPY 212 million compared to JPY 198 million a year ago. Ordinary income was JPY 164 million compared to JPY 151 million a year ago. Net income was JPY 110 million compared to JPY 103 million a year ago. Net income per share was JPY 17.49 per share compared to JPY 16.41 per share a year ago. Net income per diluted share was JPY 17.22 against JPY 16.16 a year ago.
The company provided earnings guidance for the year first half and full year of fiscal year ending March 31, 2020. For the first half, the company expects net sales of JPY 11,125 million, operating income of JPY 635 million, ordinary income of JPY 490 million and net income of JPY 335 million or JPY 53.22 per share.
For the full year, the company expects net sales of JPY 22,800 million, operating income of JPY 1,350 million, ordinary income of JPY 1,060 million and net income of JPY 725 million or JPY 115.17 per share.
The company provided dividend guidance for the first half and full year of fiscal year ending March 2020. For the first half, the company expects to pay dividend of JPY 19.00 per share against JPY 19.00 per share a year ago.
For the full year, the company expects to pay dividend of JPY 19.00 per share against JPY 19.00 per share a year ago.
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. Reports Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year First Half and Full Year of Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the First Half and Full Year of Fiscal Year Ending March 2020
E'GRAND CO.,LTD 
