Tokyu Fudosan Holdings (3289) investor relations material

Executive summary

• Revenue and profit increased year-over-year, driven by strong Urban Development and Real Estate Agents segments, with robust office, commercial, and condominium sales, and brokerage activity.

• Operating revenue for the first nine months of FY2025 rose 9.0% year-over-year to ¥832,221 million, with operating profit up 18.5% to ¥104,125 million and profit attributable to owners of parent up 31.1% to ¥62,176 million.

• Comprehensive income increased 63.7% year-over-year to ¥63,772 million for the period.

• Full-year earnings forecast was revised upward, reflecting continued strength in real estate agents and investor sales.

Financial highlights

• Operating revenue for FY2025 Q3 reached ¥832.2 billion, up ¥69.0 billion year-over-year; operating profit rose to ¥104.1 billion, up ¥16.3 billion.

• Profit attributable to owners of parent increased to ¥62.2 billion, up ¥14.7 billion year-over-year.

• Earnings per share for the first nine months reached ¥87.04, up from ¥66.51 in the prior year.

• Total assets as of December 31, 2025, were ¥3,413,924 million, up from ¥3,254,722 million at the end of March 2025.

• Extraordinary income included ¥9.5 billion profit on sales of affiliated company shares; extraordinary losses included ¥3.4 billion provision for business liquidation.

Outlook and guidance

• FY2025 full-year operating revenue forecast is ¥1,300.0 billion, up ¥149.7 billion from the previous year and ¥30.0 billion above the initial forecast.

• Operating profit forecast revised to ¥160.0 billion, up ¥19.2 billion year-over-year and ¥7.0 billion above initial guidance.

• Profit attributable to owners of parent forecast at ¥90.0 billion, up 16.0% year-over-year.

• ROE projected at 10.7%, ROA at 4.8%, and EPS at ¥126.07, with a 16.0% EPS growth rate.

• No revisions to previously announced forecasts.