Mitsubishi Estate Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
August 06, 2019 at 07:00 am
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Mitsubishi Estate Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported revenue from operations of JPY 265,883 million as compared to JPY 272,660 million for the same period last year. Operating Income was JPY 46,850 million as compared to JPY 45,322 million for the same period last year. Profit Attributable to owners of parent was JPY 26,420 million as compared to JPY 25,297 million for the same period last year. EPS was JPY 19.07 as compared to JPY 18.22 for the same period last year. Diluted eps was JPY 19.06 as compared to JPY 18.22 for the same period last year.
For the full year ending March 31, 2020, the company expects revenue from operations of JPY 1,360,000 million, operating income of JPY 230,000 million, profit attributable to owners of parent of JPY 137,000 million and eps of JPY 100.20.
Mitsubishi Estate Co., Ltd. specializes in development, promotion and management of real estate assets. Net sales (including intragroup) break down by activity as follows:
- management and operation of office buildings and shopping centres (55.2%);
- development, management and operation of residentials and condominiums (27.6%);
- real estate asset management (3.2%);
- other (5.2%): primarily hotel and airport management, real estate services (real estate brokerage, leasing, parking management, etc.) and engineering and construction of civil infrastructure.
The remaining net sales (8.8%) are from international real estate management and operation activities.
Mitsubishi Estate Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020