Urbanet Corporation Co.,Ltd. Provides Consolidated Earnings Guidance for the Year Ending June 30, 2022
August 04, 2021
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Urbanet Corporation Co.,Ltd. provided consolidated earnings guidance for the year ending June 30, 2022. For the period, the company expects net sales of ¥23,000 million, Operating profit of ¥2,200 million, Profit attributable to owners of parent of ¥1,300 million or ¥41.44 net income per share.
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.