Intrance Co., Ltd. Reports Consolidated Earnings Results for Six Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
November 07, 2019 at 09:32 am EST
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Intrance Co., Ltd. reported consolidated earnings results for six months ended September 30, 2019. For the six months, the group reported net sales of ¥322 million compared to ¥2,461 million reported last year. Operating loss was ¥235 million compared to operating income of ¥522 million reported last year. Net loss attributable to owners of parent was ¥267 million or ¥7.22 per share compared to income of ¥275 million or ¥7.42 per share reported last year.
For the year ending March 31, 2020, the Group expected to report net sales of ¥3,300 million, operating income of ¥300 million and net income attributable to owners of parent of ¥120 million or ¥3.24 per share.
INTRANCE CO., LTD. is a company principally engaged in real estate regeneration activities. The Company operates in two business segments. The Principal Investment business is engaged in purchase and sales of real estate by own account, and various development projects by JV. The Company operates real estate rehabilitation projects targeting a wide range of second-hand properties such as commercial buildings, office buildings and residences throughout the country. The Solution segment is engaged in rent revenue from real estate management, managed revenue by acquisition of real estate, commission income by real estate brokerage and consulting business. The other business is engaged in the operation and plan of the herb garden through subsidiary.
Intrance Co., Ltd. Reports Consolidated Earnings Results for Six Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
INTRANCE CO.,LTD. 