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Mitsubishi Estate fiscal Q1 attributable profit rises 4.4% YOY

Mitsubishi Estate Co. Ltd.'s profit attributable to owners of the parent for the quarter ended June 30 increased 4.4% year over year to ¥26.42 billion from roughly ¥25.30 billion.

EPS for the fiscal first quarter came to ¥19.06, compared with ¥18.22 in the prior-year period.

Operating income climbed 3.4% year over year to ¥46.85 billion from ¥45.32 billion, while revenue from operations fell to ¥265.88 billion from ¥272.66 billion in the fiscal quarter ended June 30, 2018.

Income before taxes and special items totaled about ¥43.98 billion, up from nearly ¥39.88 billion in the year-earlier period.

The Japanese real estate company's earnings forecast for the fiscal year ending March 31, 2020, remains unchanged. The company plans to distribute a total dividend of ¥31.00 per share for the fiscal year.

As of Aug. 5, US$1 was equivalent to ¥106.13.