Iida Group Holdings Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020
November 13, 2019 at 08:30 pm EST
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Iida Group Holdings Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2019. For the six months, the company reported revenue of JPY 657,075 million against JPY 628,369 million a year ago. Operating profit was JPY 47,020 million against JPY 47,812 million a year ago. Net profit was JPY 30,623 million against JPY 31,910 million a year ago. Basic EPS was JPY 105.60 against JPY 110.67 a year ago.
The company provides consolidated earnings forecast for the year ending March 31, 2020. The company forecast revenue of JPY 1,370,000 million, operating profit of JPY 98,500 million and net profit of JPY 65,500 million and basic earnings per share of JPY 227.13.
Iida Group Holdings Co., Ltd. is a holding company, which is principally engaged in the operation of real estate business. Through the subsidiaries, the Company is engaged in the detached house sale business, including the purchase of commercial lands, reclamation, planning, design, construction and sale, the provision of after-sale services, and land subdivision operation; the condominium sale business, including the operative construction and distribution of condominiums, and the contracted works, including the undertaken of real estate construction works. The Company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others. On May 22, 2014, it acquired 94.54% interests in a Japan-based company.
Iida Group Holdings Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Forecast for the Year Ending March 31, 2020