Sumitomo Realty & Development (8830) Q2 2026 earnings summary

Executive summary

• Achieved record-high interim profits in leasing and sales segments for Q2 FY2025, with operating income, ordinary profit, and profit all reaching new highs; ordinary profit marked a record for the 5th consecutive year and profit for the 3rd consecutive year.

• Revenue from operations for the six months ended September 30, 2025, was ¥532.2 billion, down 1.4% year-over-year.

• Operating income rose 7.4% year-over-year to ¥167.5 billion.

• Profit attributable to owners of parent increased 8.1% year-over-year to ¥118.3 billion.

• Upward revision of FY2025 forecasts, driven by strong leasing business and higher condominium selling prices.

Financial highlights

• Q2 FY2025 revenue from operations: 532.2 billion yen; operating income: 167.4 billion yen (+11.5 billion yen YoY); ordinary profit: 163.9 billion yen (+7.7 billion yen YoY); profit attributable to owners: 118.3 billion yen (+8.8 billion yen YoY).

• FY2025 full-year forecasts: revenue from operations 1,050.0 billion yen (+35.7 billion yen YoY), operating income 295.0 billion yen (+23.4 billion yen YoY), ordinary profit 285.0 billion yen (+16.6 billion yen YoY), profit attributable to owners 210.0 billion yen (+18.3 billion yen YoY).

• Earnings per share for the period was ¥253.74, up from ¥230.97 a year earlier.

• Total assets as of September 30, 2025, were ¥6,834.2 billion, up from ¥6,722.4 billion at March 31, 2025.

• Net assets increased to ¥2,311.1 billion from ¥2,168.1 billion at March 31, 2025.

Outlook and guidance

• Expecting record highs in ordinary profit for the 5th consecutive year and profit for the 13th consecutive year in FY2025.

• Full-year revenue forecast revised to ¥1,050.0 billion.

• Net cash provided by operating activities forecast at 275.0 billion yen for FY2025; interest-bearing debt expected to remain stable.

• Committed to progressive dividends and agile share repurchases, with a 2-for-1 stock split effective January 2026.

• Year-end dividend forecast is ¥42 per share post-stock split; annual dividend would be ¥86 per share without the split.