Heiwa Real Estate Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, on consolidated basis, the company reported operating revenue of JPY 6,643 million compared to JPY 6,050 million a year ago. Operating income was JPY 1,927 million compared to JPY 1,811 million a year ago. Ordinary income was JPY 1,759 million compared to JPY 1,582 million a year ago. Net income attributable to owners of parent was JPY 1,160 million compared to JPY 836 million a year ago. Net income per share was JPY 29.09 compared to JPY 20.97 a year ago. Income before income taxes was JPY 1,846 million compared to JPY 1,427 million a year ago.

For the second quarter of 2018, the company expects a dividend of JPY 15 per share compared to JPY 13 per share declared in fiscal 2017.

For the year ending March 31, 2018, the company expects a dividend of JPY 15 per share compared to JPY 13 per share declared in fiscal 2017.

For the year ending March 31, 2018, on consolidated basis, the company expects operating revenue of JPY 35,500 million, operating income of JPY 8,500 million, ordinary income of JPY 7,200 million and net income attributable to owners of parent of JPY 4,500 million or JPY 112.81 per share.