Misawa Homes Co., Ltd. reported consolidated interim results for the fiscal year ending March 31, 2013. For the period, the company reported net income of ¥2,868 million or ¥64.71 per share on net sales of ¥187,610 million compared to net income of ¥3,695 million or ¥99.79 per share on net sales of ¥182,631 million a year ago. Operating income was ¥5,020 million compared to ¥5,474 million a year ago. Ordinary income was ¥4,742 million compared to ¥4,875 million a year ago. Income before income taxes was ¥4,590 million compared to ¥5,680 million a year ago. Net cash provided by operating activities was ¥9,075 million compared to ¥18,778 million a year ago. Purchases of fixed assets was ¥2,051 million compared to ¥2,168 million a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2013. The company expects net income of ¥7,500 million on net sales of ¥393,000 million. The company also expects operating income of ¥12,000 million and ordinary income of ¥11,500 million.