Daito Trust Construction Co. Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 26, 2017
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Daito Trust Construction Co. Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported total sales of JPY 1,105,479 million against JPY 1,049,688 million a year ago. Operating profit was JPY 106,166 million against JPY 87,733 million a year ago. Ordinary profit was JPY 109,378 million against JPY 91,061 million a year ago. Net profit was JPY 74,062 million against JPY 59,924 million a year ago. Cash flows from operating activities was JPY 11,424 million against cash flows used in operating activities of JPY 19,676 a year ago.
For the year ending March 31, 2017, the company expects total sales of JPY 1,498,000 million, operating profit of JPY 118,000 million, ordinary profit of JPY 122,000 million and net profit of JPY 82,100 million.
Daito Trust Construction Co Ltd is a Japan-based company mainly engaged in real estate-related business. The Company operates through three business segments. The Construction segment is engaged in the planning, design and construction of contracted works. The Real Estate segment is engaged in the brokerage, management and leasing of real estates, the provision of real estate information and guarantor contract business. The Financial segment is involved in the construction loan business, trust business, consulting business related to asset succession and asset management, and fire reinsurance business. It is also engaged in the sale of fuel (LP gas), operation of day service centers and childcare facilities, provision of home-visit nursing care services, sale and supply of electricity, operation of overseas hotel businesses, and the ship and print of documents.
Daito Trust Construction Co. Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017