(Adds Outlook)
Mitsubishi Estate Co., Ltd. (MITEY.PK) has reaffirmed its full-year guidance.
The company continues to expect net profit of 173 billion yen or 137.93 yen per share, a growth of 2.7 percent from last year. Operating income is still projected to be at 300 billion yen, up 7.7 percent from a year ago.
Mitsubishi also reiterated revenue guidance of 1.596 trillion yen, up 6.1 percent from prior year.
The company aims to pay a total annual dividend of 43 yen per share, higher than last year's 40 yen per share.
Q1 Results:
Mitsubishi Estate reported a profit for its first quarter that increased from the same period last year
The company's bottom line totaled ¥25.941 billion, or ¥20.52 per share. This compares with ¥19.269 billion, or ¥14.93 per share, in last year's first quarter.
The company's revenue for the quarter rose 112131.9% to ¥328,239 billion from ¥292.465 billion last year.
Mitsubishi Estate Co., Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): ¥25.941 Bln. vs. ¥19.269 Bln. last year.-EPS (Q1): ¥20.52 vs. ¥14.93 last year.-Revenue (Q1): ¥328,239 Bln vs. ¥292.465 Bln last year.
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