E'grand Co,. Ltd. Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and for the Full Year Ending March 31, 2018
May 09, 2017
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e'grand Co,. Ltd. reported non-consolidated earnings results for the year ended March 31, 2017. For the period, the company reported net sales of JPY 18,487 million against JPY 17,051 million a year ago. Operating income was JPY 1,233 million against JPY 1,103 million a year ago. Ordinary income was JPY 1,011 million against JPY 885 million a year ago. Net income was JPY 707 million or JPY 109.79 per diluted share against JPY 1,003 million or JPY 156.23 per diluted share a year ago. Net assets per share were JPY 921.40 compared to JPY 835.99 per share a year ago. Cash outflow from operating activities was JPY 466 million compared to JPY 1,017 million a year ago. Return on equity was 12.8% compared to 20.8% for the same period a year ago.
The company provided earnings guidance for the six months ending September 30, 2017 and for the full year ending March 31, 2018. For the year, the company expects net sales of JPY 20,048 million, operating income of JPY 1,321 million, ordinary income of JPY 1,050 million and net income of JPY 720 million or JPY 115.81 per share.
For the six month ending September30, 2017, the company expects net sales of JPY 9,542 million, operating income of JPY 575 million, ordinary income of JPY 439 million and net income of JPY 301 million or JPY 48.47 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. Reports Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and for the Full Year Ending March 31, 2018
E'GRAND CO.,LTD 
