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Mitsui Fudosan (8801) investor relations material
Mitsui Fudosan Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record highs in operating revenue and all profit levels for the first half of fiscal 2025, with significant year-over-year growth across all metrics, prompting upward revisions of full-year forecasts.
Announced a dividend increase to JPY 34 per share and a JPY 57 billion share buyback, raising the total payout ratio to 56.6%.
Two-year CAGR for EPS growth expected to reach 10.3%, with projected ROE revised up to the mid 8% range.
Comprehensive income increased 28.9% year-on-year to JPY 124.4 billion.
Financial highlights
First-half operating revenue: JPY 1,353.4 billion, up 16.4% year-on-year; operating income: JPY 218.7 billion, up 29.1%; business income: JPY 246.4 billion, up 42.3%; ordinary income: JPY 183.5 billion, up 33.7%; net income: JPY 152.1 billion, up 72.3%.
EPS for 2Q: JPY 54.88 (vs. JPY 31.55 YoY); equity ratio: 32.9%.
Full-year forecast: revenue JPY 2,700 billion, operating income JPY 385 billion, business income JPY 430 billion, ordinary income JPY 295 billion, net income JPY 265 billion, EPS JPY 95.59.
Net cash used in operating activities: JPY 85.5 billion; investing activities: JPY 92.3 billion; net cash provided by financing activities: JPY 159.7 billion.
Gross profit for the period was JPY 351.0 billion, up from JPY 296.3 billion year-on-year.
Outlook and guidance
Full-year forecasts revised upward due to strong Management segment performance and improved net interest burden.
EPS CAGR expected at 10.3% (revised), with ROE forecast in the mid-8% range.
Annual dividend per share guidance raised to JPY 34; interim and year-end dividends revised to JPY 17 each.
Business income forecast up by JPY 5 billion to JPY 430 billion; ordinary income up by JPY 10 billion to JPY 295 billion; net profit attributable to owners forecast up by JPY 5 billion to JPY 265 billion.
Management segment business income forecast raised by JPY 5 billion to JPY 80 billion, driven by strong brokerage and car park leasing.
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