Tokyo Tatemono (8804) Q2 2025 earnings summary

Executive summary

• Operating revenue for 2Q 2025 was ¥208.8B, down 24.8% year-over-year, mainly due to a decrease in for-sale condominium sales in the Residential business; full-year forecast is ¥503B, up 8.5% from 2024.

• Operating profit for 2Q 2025 was ¥34.0B, down 33.6% year-over-year; full-year forecast is ¥86B, up 7.9% from 2024.

• Profit attributable to owners for 2Q 2025 was ¥20.5B, down 35.2% year-over-year; full-year forecast is ¥55B, down 16.5% from 2024.

• Comprehensive income decreased 41.3% year-over-year to ¥22.9B.

• Dividend forecast for FY2025 is ¥97.00 per share.

Financial highlights

• Ordinary profit was ¥27.9B, down 42.0% year-over-year.

• Basic earnings per share for the period was ¥98.62, compared to ¥151.73 in the prior year.

• Total assets increased to ¥2,205.2B, up ¥123.98B from December 31, 2024.

• Net assets rose to ¥555.6B, up ¥8.0B from the previous fiscal year-end.

• Extraordinary income for 2Q 2025: ¥2.8B; full-year forecast: ¥7.5B.

Outlook and guidance

• Full-year 2025 operating revenue expected to rise 8.5% to ¥503B.

• Operating profit forecasted to increase 7.9% to ¥86B.

• Profit attributable to owners projected to decrease 16.5% to ¥55B.

• Dividend forecast for FY2025 is ¥97.00 per share.