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Iida Group Holdings affirms earnings guidance

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Iida Group Holdings affirms earnings guidance

Iida Group Holdings Co. Ltd. affirmed its previous forecast for the fiscal first half and the full fiscal year ending March 31, 2019.

The Japanese homebuilder expects its revenue and operating profit for the first half to total ¥692.90 billion and ¥61.00 billion, respectively. Profit before income tax is projected to reach ¥59.00 billion.

Net profit and EPS for the six months are forecast at ¥41.00 billion and ¥142.17, respectively.

For the full fiscal year, Iida estimates revenues of ¥1.497 trillion and an operating profit of ¥132.70 billion. Full-year profit before income tax is projected to reach ¥128.80 billion, while net profit and EPS are expected to total ¥88.70 billion and ¥307.58, respectively.

As of Aug. 9, US$1 was equivalent to ¥110.94.