Meiwa Estate Company Limited
Q1 FY2027 Financial Summary (Japanese GAAP) (Consolidated)
For the first quarter of the fiscal year ending March 2027, net sales were 26.9 billion yen, operating income was 3.09 billion yen, ordinary income was 2.54 billion yen, and net income attributable to owners of the parent was 1.73 billion yen. YoY, net sales declined 29.2%, and profits also dropped significantly. The large decrease in the number of delivered newly built condominiums was evident. In segments, both sales and profits declined in the condominium segment, while distribution increased in both revenue and profit, and property management and leasing saw a modest increase. The full-year earnings forecast remains unchanged.
Key Figures
- Net Sales: 26,919百万円
- Operating Income: 3,088百万円
- Net Income Attributable to Owners of the Parent: 1,373百万円
AI要約
Overview of Performance
While the Tokyo metropolitan condominium market remains at high price levels, the number of supply units is at a low level. High-value housing demand remains solid, but sales and profits declined significantly despite completing deliveries of newly built condominiums per initial plans due to a drop in the number of delivered units. Distribution, including Wealth Solutions, contributed to higher revenue and profit. Overall, first-quarter results are on a downward trend. Full-year guidance remains unchanged.
Outlook and Segment Trends
In the condominium segment, revenue and profit declined due to a substantial decrease in the number of deliveries. Distribution saw higher revenue and profit driven by the delivery of investment properties. Property management and leasing saw a modest increase in revenue and profit. The full-year forecast remains as disclosed, with the trajectory of new condominium deliveries expected to have a significant impact.
Meiwa Estate Co., Ltd.
Company overview · Stock price · Financial data · All IR
