We revised up initial earnings/dividends forecasts in the 4th quarter
COVID-19pandemic has made housing/building market considerably stagnant, however those impacts on our business have been going within our assumption.
In the fourth quarter, we recovered a depressed performance, and the profits exceeded our initial forecasts. Then we revised fiscal year end dividends upward to ¥15 per share from ¥10.
Both new housing and non-housing starts were decreased, however the market shows a sign of recovery.
Both Building Confirmation and Inspection and Housing Performance Evaluation services revenue decreased largely due to sluggish housing sector.
Solution and Other services revenue also decreased.
Year on year sales decreased, however, continuous cost reduction efforts and acquisition of Sakoken Co., Ltd. result in almost the same net income of the previous year.
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ERI Holdings Co. Ltd. published this content on 13 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2021 06:02:03 UTC.
ERI Holdings Co Ltd is a Japan-based company mainly engaged in the evaluation, rating, and inspection businesses. The Company operates through three segments. The Building Confirmation and Inspection and Related Business segment is engaged in the inspection and confirmation of buildings, and the structural evaluation of high-rise buildings. The Housing Performance Evaluation and Related Business segment is engaged in the housing performance evaluation of new and existing homes, and technical review work related to the certification of long-term excellent homes. The Solution Business segment is engaged in due diligence work, inspection work, housing and consumer work. The Company conducts inspections for housing defect liability insurance, Flat 35 compliance certification, and technical reviews of low-carbon buildings. It also provides regular architect training, exam courses, seminars, and contract development of architectural computer-aided design (CAD) and cost estimating systems.
ERI HOLDINGS CO., LTD. 