Intellex Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended February 29, 2012; Provides Earnings Guidance for the Year Ending May 31, 2012; Provides Dividend Guidance for the Year Ending May 31, 2012
April 04, 2012
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Intellex Co. Ltd. reported consolidated earnings results for the nine months ended February 29, 2012. For the period, the company's net sales were JPY 19,820 million compared to JPY 20,033 million a year ago. Operating income was JPY 234 million compared to JPY 1,167 million a year ago. Ordinary loss was JPY 243,000 compared to ordinary income of JPY 719 million a year ago. Loss before income taxes and minority interests was JPY 248,451 million compared to income before income taxes and minority interests of JPY 704,688 million a year ago. Net loss was JPY 201 million or JPY 2,671.39 per share compared to net income of JPY 518 million or JPY 6,891.73 per share a year ago. Net cash used in operating activities was JPY 254,202 million compared to net cash provided by operating activities of JPY 1,339,441 million a year ago. Purchase of noncurrent assets were JPY 29,610 million compared to JPY 6,136 million a year ago.
For the year ending May 31, 2012, the company expects dividend of JPY 800 per share.
For the year ending May 31, 2012, the company expects net sales JPY 27,999 million, operating income of JPY 748 million, ordinary income of JPY 121 million and net income of JPY 75 million or JPY 999.79 per share.
INTELLEX Co., Ltd. is primarily engaged in the real estate business. The Company operates through two business segments. The Pre-owned Condominium Renovation and Distribution segment is engaged in the purchase, renovation and sale of condominiums in the Tokyo metropolitan area, including Tokyo, Kanagawa, Saitama and Chiba Prefectures. The Other Real Estate Business segment is engaged in the real estate related business such as the trading and leasing of buildings, detached houses and land lots, sales of small-lot real estate commercialization, as well as renovation interior contracting business.
Intellex Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended February 29, 2012; Provides Earnings Guidance for the Year Ending May 31, 2012; Provides Dividend Guidance for the Year Ending May 31, 2012