E'grand Co.,Ltd Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Six Months Ending September 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Six Months Ending September 2017 and Year Ending March 31, 2018
July 30, 2017
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e'grand Co.,Ltd announced earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥4,628 million against ¥3,949 million a year ago. Operating income was ¥335 million against ¥298 million a year ago. Ordinary income was ¥286 million against ¥252 million a year ago. Net income was ¥196 million or ¥31.08 per diluted share against ¥171 million or ¥26.62 per diluted share a year ago.
The company provided dividend guidance for the six months ending September 2017 and year ending March 31, 2018. For the six months, the company expects to pay a dividend of ¥14.00 per share compared to ¥10.00 per share paid in the same period a year ago.
For the full year, the company expects to pay a dividend of ¥14.00 per share compared to ¥10.00 per share paid in the same period a year ago.
The company provided earnings guidance for the six months ending September 2017 and year ending March 31, 2018. For the six months, the company expects net sales of ¥9,542 million, operating income of ¥575 million, ordinary income of ¥439 million, net income of ¥301 million or ¥48.47 per share.
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 ¥115.81 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 First Quarter Ended June 30, 2017; Provides Earnings Six Months Ending September 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Six Months Ending September 2017 and Year Ending March 31, 2018
E'GRAND CO.,LTD 
