Mitsui Fudosan
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Mitsui Fudosan (8801) investor relations material

Mitsui Fudosan Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary6 Feb, 2026

Executive summary

  • Achieved record highs in revenue, operating income, business income, ordinary income, and net profit for the 9-month/third-quarter period, with all core segments contributing to year-on-year growth.

  • Upward revisions to full-year forecasts for all major profit metrics, driven by strong property sales to investors and robust management segment performance.

  • Fiscal 2026 profit targets are now expected to be achieved one year ahead of schedule.

  • Share repurchase of ¥45.0 billion completed, with cancellation scheduled for February 2026.

  • Comprehensive income surged 870.6% year-on-year to ¥190,387 million.

Financial highlights

  • 9-month/3Q revenue: ¥1,981.8 billion, up 18.2% year-on-year; operating income: ¥302.6 billion, up 37.2% year-on-year; business income: ¥355.4 billion, up 57.8% year-on-year; ordinary income: ¥247.5 billion, up 43.1% year-on-year; net profit: ¥219.8 billion, up 52.7% year-on-year.

  • EPS for 3Q FY2025: ¥79.43 (vs. ¥51.59 YoY).

  • Full-year FY2025 forecast: revenue ¥2,700.0 billion, operating income ¥395.0 billion, business income ¥440.0 billion, ordinary income ¥305.0 billion, net profit ¥270.0 billion.

  • Progress rates toward full-year guidance: 73.4% (revenue), 80.8% (business income), 81.2% (ordinary income), 81.4% (net profit).

  • Dividend forecast for the year ending March 31, 2026, is ¥34.00 per share.

Outlook and guidance

  • Full-year forecasts revised upward, with all major profit metrics expected to reach record highs.

  • EPS CAGR expected at +11.5% (vs. FY2023 baseline), exceeding the 8% target; ROE target remains at mid-8% level.

  • Interest-bearing debt projected at ¥4.7 trillion by fiscal year-end, revised due to FX changes.

  • Dividend payout ratio around 35%; total payout return ratio over 50%.

  • Fiscal 2026 business income and net profit targets expected to be achieved one year early.

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Q4 20268 May, 2026
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Frequently asked questions

Mitsui Fudosan Co., Ltd. is a Japanese real estate company involved in the development, leasing, and management of properties. Its business activities include the development and operation of office buildings, retail facilities, residential properties, and logistics facilities. The company also engages in real estate brokerage, asset management, and property investment. Additionally, Mitsui Fudosan is involved in hospitality and leisure services, operating hotels and resorts. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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