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URBANET CORPORATION (3242).pdf

3242_urbanet_2021_06_q2_report_2021_03_23_english.pdf

🔗 Source: walden.co.jp

📊 Size: 504 KB

👤 Author: 室谷吉行

⬇️ Downloads: 99

Summary

URBANET CORPORATION, a real estate developer, aims for long-term growth by aggressively purchasing lands, mainly for investment-oriented studio apartments in Tokyo's central zone. Despite COVID-19 impacts, demand for these apartments remains firm due to their stability as income properties. The company has started its hotel business with the opening of HOTEL ASYL TOKYO KAMATA, expected to contribute to earnings in the long term. In Q1 to Q2 FY06/2021, sales were ¥8,150m (down 1.3% YoY), operating profit was ¥1,114m (up 49.1%), and profit attributable to owners of parent was ¥673m (up 65.6%). The company's Real Estate Business segment accounted for 99.9% of sales and 104.4% of segment profit, with Hotel Business seeing a loss due to initial start-up costs.

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Description

URBANET CORPORATION, a real estate developer, aims for long-term growth by aggressively purchasing lands, mainly for investment-oriented studio apartments in...

Technical Information

File Format: PDF
File Size: 504 KB
Pages: 22
Language: EN
Author: 室谷吉行
Total Downloads: 99
Last Updated: 1 month ago

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