Heiwa Real Estate Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
October 29, 2015
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Heiwa Real Estate Co., Ltd. announced consolidated earnings results for the first half ended September 30, 2015. For the quarter, the company's operating revenue was ¥17,150 million compared to ¥17,312 million for the same period in 2014. Operating income was ¥4,172 million compared to ¥4,554 million for the same period in 2014. Ordinary income was ¥3,363 million compared with ¥3,577 million a year ago. Net income attributable to owners of parents was ¥2,150 million or ¥53.90 per diluted share compared to ¥1,534 million or ¥38.46 per diluted share for the same period in 2014. Income before income taxes was ¥3,085 million compared to ¥2,557 million for the same period in 2014. Net cash provided by operating activities was ¥4,087 million compared to ¥2,432 million for the same period in 2014. Purchase of tangible fixed assets was ¥6,673 million compared to ¥1,544 million for the same period in 2014. Purchase of intangible fixed assets was ¥0 million compared to ¥354 million for the same period in 2014.
For the year ending March 31, 2016, the company's expects on consolidated basis operating revenue to be ¥38,500 million, operating income to be ¥7,000 million, ordinary income to be ¥5,000 million, net income to be ¥2,700 million or ¥67.67 per share.
HEIWA REAL ESTATE CO.,LTD. is a Japan-based company mainly engaged in leasing business and real estate solution business. The Company operates in two business segments. The Leasing segment specializes in the development, leasing, management and operation of stock exchanges, offices, commercial facilities and housing. The Real Estate Solution segment is engaged in the development, sales, operation and management of real estates for revenue, development and sales of residential houses as well as real estate agency business. The Others businesses include the maintenance and repair of building equipment, contract work for repair, insurance agency business, etc.
Heiwa Real Estate Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016