Urbanet Corporation Co.,Ltd Announces Consolidated Earnings Results for the Six Months Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending June 30, 2019
February 06, 2019
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Urbanet Corporation Co.,Ltd announced consolidated earnings results for the six months ended December 31, 2018. For the period, the company reported net sales were JPY 11,473,758,000 compared with JPY 8,834,118,000 a year ago. Operating profit was JPY 1,412,086,000 compared with JPY 1,218,764,000 a year ago. Ordinary profit was JPY 1,306,395,000 compared with JPY 1,105,044,000 a year ago. Profit was JPY 906,923,000 compared with JPY 758,150,000 a year ago. Basic net income per share was JPY 36.07 compared with JPY 30.19 a year ago. Diluted net income per share was JPY 0.00 compared with JPY 30.17 a year ago.
For the full year ending June 30, 2019, the company expected net sales of JPY 19,100 million, operating profit of JPY 2,020 million, ordinary profit of JPY 1,740 million, profit attributable to owners of parent of JPY 1,205 million and net income per share of JPY 47.92.
Urbanet Corporation Co Ltd is a Japan-based company mainly engaged in the real estate business and hotel business. The Company operates its business through two business segments. The Real Estate segment is engaged in businesses related to real estate development and sales, real estate purchase and sales, real estate brokerage, real estate rental business and others. In principle, the development area focuses on Tokyo's 23 wards, where real estate prices are relatively stable, and within a 10-minute walk from stations. The customers for the investment studio apartments, which are the core of the business, are mainly wholesalers to studio sales companies, as well as general corporations, domestic and foreign investors, and high-net-worth individuals in Japan who are looking to prepare for inheritance tax. The Hotel segment is engaged in businesses related to hotel management, among others.
Urbanet Corporation Co.,Ltd Announces Consolidated Earnings Results for the Six Months Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending June 30, 2019
URBANET CORPORATION CO.,LTD. 
