Sekisui’s Profit May Reach Record by 2015 on China Homes
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Sekisui House Ltd., Japan’s second-biggest home builder, said it expects operating profit to increase almost 80 percent to a record in three years as business in China starts to generate earnings.
The Osaka-based company expects operating profit, or sales minus the cost of goods, to reach 125 billion yen ($1.5 billion) for the year ending January 2015, compared with 70.9 billion yen last fiscal year, said Chairman Isami Wada. Similar profit from its international businesses may grow to as much as 25 billion yen by the year ending January 2015, compared with the 3 billion yen estimate for the current year, he said.