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Heiwa Real Estate Co. forecasts 27% jump in operating revenue for fiscal 2019

Heiwa Real Estate Co. Ltd. is predicting a 26.9% climb in its operating revenue to ¥41.50 billion for the fiscal year ending March 31, 2019, up from the roughly ¥32.70 billion it recorded for the prior-year period.

The Tokyo-headquartered diversified property company also expects a 7.1% decline in its ordinary income to ¥7.80 billion, compared to the approximately ¥8.40 billion it logged for the year-ago period.

For the same fiscal 2019 period, the company is forecasting a year-over-year decrease of 6.7% in its operating income to ¥8.80 billion, and a slight 0.2% uptick in its net income attributable to owners of its parent to ¥5.30 billion. Net income per share for fiscal 2019 is anticipated to weigh in at ¥132.88.

As of April 25, US$1 was equivalent to ¥109.33.