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 for the year ending in January 2015, compared with ¥70.9 billion in the last fiscal year, Chairman Isami Wada said in recently in Tokyo.
Similar profit from its international businesses may grow to as much as ¥25 billion by the year ending in January 2015, compared with a ¥3 billion estimate for the current year, he said.