Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2018
August 09, 2017 at 08:00 am
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Iida Group Holdings Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the company reported revenue of ¥295,693 million, operating profit of ¥25,868 million, profit before income taxes of ¥25,204 million and profit attributable to owners of the parent company of ¥16,706 million or ¥57.93 per share compared to revenue of ¥276,252 million, operating profit of ¥28,064 million, profit before income taxes of ¥26,897 million and profit attributable to owners of the parent company of ¥18,260 million or ¥63.32 per share reported last year. Net cash used in operating activities was ¥22,974 million against ¥43,096 million reported last year. Purchase of property, plant and equipment was ¥1,610 million against ¥3,397 million reported last year. Purchase of intangible assets was ¥89 million against ¥53 million reported last year.
The company provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2018. For the first half, the company expected to report revenue of ¥635,800 million, operating profit of ¥55,400 million, profit before income taxes of ¥54,400 million and profit attributable to owners of the parent company of ¥37,750 million or ¥130.90 per share.
For the full year, the company expected to report net sales of ¥1,355,900 million, operating profit of ¥118,400 million, profit before income taxes of ¥115,800 million and profit attributable to owners of the parent company of ¥79,300 million or ¥274.63 per share.
Iida Group Holdings Co.,Ltd. is a Japan-based company engaged in the detached houses sale business, the condominiums sale business, the contract construction business and related business. The Company has six business segments. The Hajime Construction Group segment and the Arnest One segment are engaged in the detached houses sale business, the condominiums sale business and the contract construction business. The Iida Industry Group segment is engaged in the detached houses sale business, the condominiums sale business, the contract construction business, the real estate leasing business and the spa hot springs business. The Toei Housing Group segment and the Tact Home Group segment are engaged in the detached houses sale business, the contract construction business and the real estate leasing business. The ID Home segment is engaged in the detached houses sale business and the contract construction business. The Company is also engaged in the sale and processing of wood products.
Iida Group Holdings Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2018