OREANDA-NEWS. Daiwa House Industry Co., Ltd. Reports  Consolidated Results of Operation for the Nine Months Ended December 31, 2012

As a result, for the nine-month period under review, on a consolidated basis, net sales came to 1,425,915 million yen (up 7.8% year on year). Ordinary income was 91,330 million yen (up 2.4%), while net income was 51,408 million yen (up 61.9%).

Total assets at the end of the reporting nine-month period, on a consolidated basis, came to 2,065,654 million yen, a decrease of 20,442 million yen compared with 2,086,097 million yen at the previous fiscal year-end. This was mainly attributable to a decrease in cash and deposits due to the payment of accounts payable for construction contracts and other, which had increased because the last day of the fiscal year ended March 31, 2012 fell on a weekend day, when financial institutions were closed.

Total liabilities at the end of the reporting nine-month period, on a consolidated basis, came to 1,367,889 million yen, a decrease of 60,316 million yen compared with 1,428,206 million yen at the previous fiscal year-end. This was mainly attributable to the payment of income taxes, and a decrease in notes and accounts payable for construction contracts and other.

Total net assets at the end of the reporting nine-month period on a consolidated basis came to 697,765 million yen, an increase of 39,874 million yen compared with 657,891 million yen at the previous fiscal year-end. This was mainly due to the posting of a net income of 51,408 million yen, despite the payment of cash dividends in the previous consolidated fiscal year.