Sumitomo Realty & Development (8830) Q1 2025 earnings summary

Executive summary

• Revenue from operations rose 24.7% year-over-year to ¥315.7 billion for Q1 FY2024, with operating income up 25.6% to ¥98.1 billion and profit attributable to owners of parent up 31.0% to ¥74.5 billion.

• Comprehensive income for the quarter was ¥86.5 billion, down from ¥104.1 billion in the prior year period.

Financial highlights

• Gross profit increased to ¥115.3 billion from ¥94.1 billion year-over-year, with EPS at ¥157.28 compared to ¥120.02 in Q1 FY2023.

• Ordinary profit reached ¥103.0 billion, up from ¥82.1 billion, and income before income taxes was ¥104.3 billion.

• Total assets stood at ¥6,649.4 billion as of June 30, 2024, with shareholders' equity at ¥2,122.4 billion.

• Shareholders' equity ratio improved to 31.9% from 30.7% at the end of the previous fiscal year.

• Dividend forecast for FY2024 is ¥70 per share, up from ¥60 per share in FY2023.

Outlook and guidance

• FY2024 revenue forecast remains at ¥1 trillion, with operating income projected at ¥267 billion and profit attributable to owners of parent at ¥190 billion.

• No revisions to previously announced consolidated business forecasts.