Intrance Co., Ltd. Reports Unaudited Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018
May 11, 2017 at 02:38 pm EDT
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Intrance Co., Ltd. reported unaudited consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 2,743 million compared to JPY 2,321 million a year ago. Operating income was JPY 569 million compared to JPY 442 million a year ago. Ordinary income was JPY 459 million compared to JPY 360 million a year ago. Net income attributable to owners of parent was JPY 284 million or JPY 7.68 per share compared to JPY 202 million or JPY 5.47 per share a year ago. Cash flows used in operating activities was JPY 360 million compared to JPY 2 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 2,410 million compared to JPY 2,106 million a year ago. Operating income was JPY 473 million compared to JPY 527 million a year ago. Ordinary income was JPY 330 million compared to JPY 423 million a year ago. Net income attributable to owners of parent was JPY 218 million or JPY 5.89 per share compared to JPY 276 million or JPY 7.46 per share a year ago. Cash flows used in operating activities was JPY 360 million compared to JPY 2 million a year ago.
The company provided earnings guidance for the full year ending March 31, 2018. For the year, the company expects net sales of JPY 2,500 million, operating income of JPY 470 million, ordinary income of JPY 350 million, and net income attributable to owners of parent of JPY 230 million or JPY 6.20 per share.
INTRANCE CO., LTD. is a company principally engaged in real estate regeneration activities. The Company operates in two business segments. The Principal Investment business is engaged in purchase and sales of real estate by own account, and various development projects by JV. The Company operates real estate rehabilitation projects targeting a wide range of second-hand properties such as commercial buildings, office buildings and residences throughout the country. The Solution segment is engaged in rent revenue from real estate management, managed revenue by acquisition of real estate, commission income by real estate brokerage and consulting business. The other business is engaged in the operation and plan of the herb garden through subsidiary.
Intrance Co., Ltd. Reports Unaudited Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018