Tokyu Fudosan Holdings (3289) Q1 2026 earnings summary

Executive summary

• Achieved record Q1 highs in operating revenue, operating profit, and profit attributable to owners, driven by real estate agent sales, investor sales, and improved office/commercial operations.

• Operating revenue rose 7.8% YoY to ¥288.0B; operating profit up 30.3% to ¥41.2B; profit attributable to owners up 61.7% to ¥30.6B.

• Progress toward full-year forecasts is strong, with 22.7% of revenue and 26.9% of operating profit achieved in Q1.

Financial highlights

• Operating revenue: ¥288.0B (up ¥20.8B/7.8% YoY); operating profit: ¥41.2B (up ¥9.6B/30.3% YoY).

• Ordinary profit: ¥37.4B (up ¥8.1B/27.5% YoY); profit attributable to owners: ¥30.6B (up ¥11.7B/61.7% YoY).

• EPS: ¥119.08 (full-year forecast), Q1 EPS: ¥42.72 (up from ¥26.52 YoY).

• EBITDA: ¥214.1B.

• Extraordinary income included ¥9.5B–¥9.7B from sales of affiliated company shares.

Outlook and guidance

• FY2025 full-year forecast: revenue ¥1,270.0B, operating profit ¥153.0B, ordinary profit ¥131.5B, profit attributable to owners ¥85.0B, EPS ¥119.08.

• Plan to increase profit by ¥12.2B YoY, driven by investor sales, real estate agent business, and hotel business.

• Approximately 50% of planned FY2025 sales to investors already secured.

• No revisions to previously announced forecasts.