Open House's Profit Jumps 22% in Fiscal H1

MT Newswires Live05-11 19:10

Open House's (TYO:3288) profit attributable to owners of the parent increased by 22% to over 57 billion yen in the fiscal first half from 46.6 billion yen a year earlier.

The real estate company's earnings per share increased to 506.96 yen from 400.33 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 7.1% to 689.2 billion yen in the six months ended March 31 from 643.4 billion yen in the prior-year period.

Open House declared an interim dividend of 100 yen per share, payable from June 8.

In a separate disclosure, Open House raised its forecasts for the year ending Sept. 30, citing strong performance in the second quarter.

The company now expects attributable profit of between 116.5 billion yen and 118.5 billion yen from 115.5 billion yen earlier, basic EPS of between 1,044.67 yen and 1,062.61 yen from 1,029.93 yen earlier, and net sales of between 1.485 trillion yen to 1.5 trillion yen from 1.485 trillion yen.

Open House plans to pay a year-end dividend of 100 yen per share for the year.

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