The Tokyo-based company reported that total revenue for the period ended Dec. 31 rose to Y1.06 tln, up from Y1.05 tln in the previous year. This growth trickled down to the operating level, where profit climbed to Y65.44 bln, representing a nearly 9.2% increase over the Y59.95 bln recorded during the same nine-month window in 2023.
In section Market Quotes
Iida Group Net Profit Climbs to Y42.98 Billion on Stronger Revenue
Iida Group Holdings Co. Ltd. posted a 13% increase in net profit for the first nine months of the fiscal year, reaching Y42.98 bln as the Japanese homebuilder benefited from higher margins and steady revenue growth.
Strengthening Profitability and Earnings
The report, prepared under International Financial Reporting Standards (IFRS), highlights a robust improvement in bottom-line performance. Pretax profit reached Y61.73 bln, while earnings per share rose to Y155.53, compared with Y135.66 a year earlier.The results underscore Iida Group’s ability to navigate the Japanese residential market through the first three quarters of the fiscal year ending March 31, 2025. The company maintained steady momentum across its core business segments, successfully converting marginal revenue gains into significant profit growth.
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