Daito Trust Construction Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year Ending Mar. 31 2020
July 29, 2019
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Daito Trust Construction Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 367,768 million compared to JPY 380,107 million a year ago. Operating income was JPY 27,907 million compared to JPY 34,824 million a year ago. Net profit was JPY 20,384 million compared to JPY 26,112 million a year ago.
For the year ending Mar. 31 2020, the company expected net sales of JPY 1,640,000 million, operating income of JPY 128,000 million and net profit of JPY 90,000 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. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Year Ending Mar. 31 2020