Sumitomo Realty & Development Co., Ltd.
Accelerated Dividend Increases — Aim to Double Dividend to 100 yen Within 5 Years
Against the backdrop of expanded leasing operations and monetization of new developments, the company is strengthening its dividend policy. This fiscal year the dividend is raised by 11 yen year-on-year to 55 yen, and the company aims to double dividends to 100 yen within five years.
Key Figures
- Dividend amount: 55 yen (YoY +11 yen)
- Ordinary income target: 4000 hundred million yen (within 5 years)
- Ordinary income target: 5000 hundred million yen (within 10 years)
AI要約
Expansion of Performance and Dividend Policy
Today, we revised upward our earnings forecast for the current fiscal year. With robust expansion centered on the leasing business, the probability of exceeding the 10th medium-term plan has increased, and supported by higher cash flows we are strengthening our dividend policy. This fiscal year we implemented a 3 yen dividend increase and achieved 55 yen, up 11 yen from the previous year. Going forward, we aim to double dividends to 100 yen within five years.
Growth Engines and Financial Stability
Rising rents for prime central Tokyo assets are the primary growth engine, and approximately 1,100,000 tsubo of new development is the second growth engine. The rent gap is on the order of 80 billion yen, and we will continue revisions to capture rent increases. Rising interest rates will be offset by gains on stock sales, allowing continued dividend enhancement while maintaining long-term financial stability.
Sumitomo Realty & Development Co., Ltd.
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