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Mitsubishi Estate's fiscal Q3 attributable profit falls 5% YOY

Mitsubishi Estate Co. Ltd. said its profit attributable to owners for the fiscal third quarter ended Dec. 31, 2017, amounted to ¥84.95 billion, a fall of 5% from ¥89.38 billion in the prior-year period.

EPS for the quarter came in at ¥61.20, compared to ¥64.40 in the year-ago period.

Revenue from operations decreased 4.1% year over year to roughly ¥790.46 billion from ¥824.11 billion.

Operating income totaled ¥143.35 billion, down 4.7% from ¥150.44 billion in the prior-year period.

In reporting results, Mitsubishi Estate said it forecasts a 9.1% increase in attributable profit to ¥112.00 billion for the fiscal full year ending March 31. The company expects EPS of ¥80.70, operating income of ¥205.00 billion, revenue from operations of ¥1.202 trillion and income before taxes and special items of ¥179.00 billion.

The company maintained its full-year dividend guidance of ¥24.00 per share, and will pay a fiscal third-quarter dividend of ¥12.00 per share, up from the year-ago dividend of ¥9.00 per share.

As of Feb. 6, US$1 was equivalent to ¥109.14.