Residential real estate developer Iida Group Holdings Co. Ltd. offered guidance for the fiscal first half ending Sept. 30 and the fiscal year ending March 31, 2019.
For the first half, the Japan-based company expects a 9.4% year-over-year increase in revenue to ¥692.90 billion and operating profit to climb 13.9% to ¥61.00 billion, while profit before income taxes is projected to reach ¥59.00 billion, 13.1% higher than the prior-year period.
Net profit and profit attributable to owners of the parent company for the six months are estimated to jump 15.9% and 16.1%, respectively, with each reaching ¥41.00 billion. Basic EPS is anticipated to be ¥142.17.
For the full year, Iida Group forecasts its revenue to increase 12.1% on the year to roughly ¥1.497 trillion and operating profit to grow 27.9% to ¥132.70 billion on an annual basis, while profit before income taxes is expected to be up 28.4% to ¥128.80 billion.
Meanwhile, net profit and profit attributable to owners of the parent company for the full fiscal year are projected to rise 27.4% and 27.5%, respectively, to ¥88.70 billion each, and basic EPS is predicted to come in at ¥307.58.
Iida Group intends to distribute a dividend of ¥31.00 for each of the second and fourth quarters of the fiscal year ending March 31, 2019, taking the total dividend for the 12 months to ¥62.00, according to a release.
As of May 16, US$1 was equivalent to ¥110.26.
