Sumitomo Realty & Development (8830) Q2 2025 earnings summary

Executive summary

• Revenue from operations rose 6.8% year-over-year to ¥539.6 billion for the six months ended September 30, 2024.

• Operating income increased 4.1% year-over-year to ¥155.9 billion, and profit attributable to owners of parent grew 3.3% to ¥109.5 billion.

• Comprehensive income dropped 34.3% year-over-year to ¥110.5 billion, mainly due to a decline in unrealized holding gains on securities.

Financial highlights

• Gross profit reached ¥192.9 billion, up from ¥184.8 billion year-over-year.

• Earnings per share for the first half was ¥230.97, up from ¥223.50 a year earlier.

• Total assets stood at ¥6,641.2 billion as of September 30, 2024, with shareholders' equity at ¥2,145.5 billion.

• Shareholders' equity ratio improved to 32.3%.

Outlook and guidance

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

• Dividend forecast for fiscal 2024 is ¥70 per share, unchanged from previous guidance.