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Daiwa House fiscal Q1 net income climbs YOY

Daiwa House Industry Co.Ltd.'s net income for the first fiscal quarter ended June 30 was ¥78.83 per share, a gain from ¥76.31 per share in the prior-year period.

Net income attributable to owners of parent totaled ¥52.41 billion, an increase from ¥50.64 billion in the year-earlier period.

Ordinary income grew on an annual basis to roughly ¥77.06 billion from ¥74.28 billion, and net sales climbed 10.4% year over year to approximately ¥902.40 billion from roughly ¥817.44 billion.

Operating income totaled ¥75.33 billion compared with ¥72.83 billion in the prior-year period.

The Japanese real estate company maintained its previous guidance for the fiscal year ending March 31, 2019, in terms of net income attributable to owners of the parent, ordinary income, operating income and net sales. It expects net income per share for the full fiscal year to be ¥356.45.

As of Aug. 7, US$1 was equivalent to ¥111.19.