Daito Trust reports mixed half-year results, announces stock split
Daito Trust Construction reported net sales of 959,553 million yen for the six months ended September 30, 2025, a 5.8% year-on-year increase. However, operating profit decreased by 2.4% to 69,393 million yen, and profit attributable to owners of parent also fell by 2.4% to 49,886 million yen. The company's total assets grew by 99,207 million yen to 1,321,200 million yen, primarily due to increases in cash and deposits, real estate for sale, and operating loans. The equity-to-asset ratio saw a slight decrease of 1.4 points to 37.0%.
The company finalized provisional accounting treatment related to the acquisition of Ascot Corp., impacting prior fiscal year figures. Additionally, Daito Trust executed a syndicated loan agreement for 140.0 billion yen on September 30, 2025, intended for refinancing and expanding its real estate development business.
Effective October 1, 2025, Daito Trust implemented a 5-for-1 common stock split, increasing the total number of issued shares to 344,594,895. This split aims to lower the investment unit price and enhance stock liquidity. The full-year earnings forecast for fiscal year 2025 remains unchanged from the announcement on May 2, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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