Intrance Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019
August 08, 2018 at 09:44 am
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Intrance Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company reported net sales of JPY 184 million compared to JPY 200 million a year ago. Operating loss was JPY 56 million compared to JPY 44 million a year ago. Ordinary loss was JPY 68 million compared to JPY 52 million a year ago. Net loss attributable to owners of parent was JPY 81 million or JPY 2.19 per share compared to JPY 33 million or JPY 0.89 per share a year ago.
The company provided earnings guidance for the full year ending March 31, 2019. For the year, the company expects net sales of JPY 2,700 million, operating income of JPY 280 million, ordinary income of JPY 220 million, and net income attributable to owners of parent of JPY 80 million or JPY 2.16 per share.
INTRANCE CO., LTD. is a company principally engaged in real estate regeneration activities. The Company operates in two business segments. The Principal Investment business is engaged in purchase and sales of real estate by own account, and various development projects by JV. The Company operates real estate rehabilitation projects targeting a wide range of second-hand properties such as commercial buildings, office buildings and residences throughout the country. The Solution segment is engaged in rent revenue from real estate management, managed revenue by acquisition of real estate, commission income by real estate brokerage and consulting business. The other business is engaged in the operation and plan of the herb garden through subsidiary.
Intrance Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019