Tokyu Fudosan Holdings (3289) Q4 2026 earnings summary

Executive summary

• Achieved record highs in operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent for the fifth consecutive year, driven by robust real estate sales, agent business, and improved occupancy in key areas.

• Operating revenue rose 8.3% year-over-year to ¥1,246.0 billion, operating profit increased 18.6% to ¥166.9 billion, and profit attributable to owners of parent grew 24.7% to ¥96.7 billion.

Financial highlights

• Comprehensive income for FY2025 was ¥117,013 million, up 18.9% year-over-year.

• Earnings per share increased to ¥135.45 from ¥108.69 year-over-year.

• Total assets grew to ¥3,419.1 billion, and net assets to ¥916.6 billion as of March 31, 2026.

• Cash and cash equivalents at year-end were ¥180.5 billion, up ¥23.1 billion from the previous year.

Outlook and guidance

• FY2026 forecast: operating revenue ¥1,400.0 billion (+12.4%), operating profit ¥190.0 billion (+13.9%), profit attributable to owners of parent ¥100.0 billion (+3.4%), EPS ¥140.02.

• Despite uncertainties from international instability, rising rates, and inflation, continued growth is expected, supported by strong investor sales and real estate agent business.

• Dividend policy targets a payout ratio of 35% or more, with annual dividends planned at ¥50.0 per share for FY2026.