Misawa Homes Co., Ltd. Reports Consolidated Interim Results for the Fiscal Year Ending March 31, 2013; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013
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.