Arealink Co.,Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended of June 30, 2016; Provides Earnings Guidance for the Year Ending of December 31, 2016
July 28, 2016
Share
Arealink Co.,Ltd. reported non-consolidated earnings results for the six months ended of June 30, 2016. For the period, the company reported operating revenues of JPY 8,850 million compared to JPY 11,110 million a year ago. Operating Income was JPY 1,223 million compared to JPY 2,187 million a year ago. Ordinary Income was JPY 1,244 million compared to JPY 1,983 million a year ago. Net Income was JPY 788 million compared to JPY 1,319 million a year ago. Net income per share was JPY 64.27 compared to JPY 107.47 a year ago. Net income before income taxes was JPY 1,255,735,000 compared to JPY 2,006,744,000 a year ago. Net cash provided by operating activities was JPY 536,677,000 compared to JPY 4,265,091,000 a year ago. Purchase of intangible assets was JPY 28,772,000 compared to JPY 41,057,000 a year ago.
For the year ending of December 31, 2016, the company expects net sales to be of JPY 16,806 million. Operating Income expected to be of JPY 1,675 million. Ordinary Income expected to be of JPY 1,650 million. Net Income expected to be of JPY 1,091 million. Net income per share was JPY 88.92.
Arealink Co., Ltd. is mainly engaged in the provision leasing services of storage space. The Company operates in two business segments. The Real Estate Operation Service segment is involved in the provision of storage space, the setting of containers, the parking lot business, the lease, maintenance and management of secondhand real estate including offices, stores, dwelling houses and hotels, the provision of small offices, among other businesses. The Real Estate Revitalization and Liquidation Service segment adds value to its purchased real estate properties by conducting renovation works to the buildings, and sells the properties to investors.
Arealink Co.,Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended of June 30, 2016; Provides Earnings Guidance for the Year Ending of December 31, 2016