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Daiwa House's attributable net income for FY'17 grows 17.2% YOY

Daiwa House Industry Co. Ltd. surpassed its target for net income attributable to owners of the parent by logging about ¥236.36 billion in the fiscal year ended March 31, a rise of 17.2% from ¥201.70 billion in the year-earlier period.

Ordinary income rose 14.7% on an annual basis to ¥344.59 billion from roughly ¥300.53 billion.

Net income increased 18.3% year over year to ¥239.90 billion, or ¥355.86 per share, from ¥202.79 billion, or ¥304.05 per share.

During the 12 months ended March 31, the company's total assets amounted to ¥4.035 trillion, a gain from approximately ¥3.556 trillion in the prior year.

The Japanese real estate company declared per-share dividend of ¥62 at fiscal year-end, for a total dividend of ¥107 for the reporting year.

Daiwa House anticipates net income attributable to owners of the parent to jump 0.3% year over year and reach ¥237.00 billion in the year ending March 31, 2019. Ordinary income is expected to come in at ¥352.00 billion and operating income at ¥354.00 billion, and net sales worth ¥4.000 trillion are projected to be recorded.

As of May 9, US$1 was equivalent to ¥109.74.