TOKYO -- Daito Trust Construction's group pretax profit will likely rise 6% to a record 65 billion yen ($644 million) for the April-September half as lower financing costs fuel an influx of rental housing investment.
Profit is expected to top the Japanese construction company's 63 billion yen estimate. Sales will likely grow 6% to 740 billion yen, in line with the guidance. Interest rates in the 1% range for financing of rental housing construction have sparked an influx of orders from investors. Orders have come in from both new and existing customers, with the latter accounting for just over half of the total.
