Sumitomo Realty & Development Co., Ltd.
Notice Regarding Upward Revision of Full-Year Earnings Forecast, Implementation of Dividend of Surplus (Interim Dividend) and Revision (Increase) of Year-End Dividend Forecast
Against the backdrop of a strong real estate leasing business, the Company has upwardly revised its full-year earnings forecast for the fiscal year ending March 2027. It will implement a dividend of surplus (interim dividend), revise the year-end dividend forecast upward, increase the annual dividend to 55 yen, raise the dividend payout ratio to around 60%, and aims to achieve a 100 yen annual dividend within five years.
Key Figures
- Net Sales: 1,060,000 million yen
- Operating Income: 330,000 million yen
- Year-end Dividend Forecast: 55 yen/shares
- Dividend per Share Forecast: 247.19 yen
AI要約
Earnings Overview
Based on the board resolution disclosed today, the Company has upwardly revised its full-year earnings forecast centered on the real estate leasing business due to tightening supply-demand conditions in the Tokyo central office leasing market. Net sales are expected to be 1,060,000 million yen, operating income 330,000 million yen, ordinary income 315,000 million yen, net income attributable to owners of parent 230,000 million yen, and net income per share 247.19 yen.
Dividend Policy and Outlook
The Company will implement a dividend of surplus (interim dividend) and has revised the year-end dividend forecast from 28 yen/share to 55 yen/share, raising the annual dividend to 55 yen. Going forward, the Company will raise its dividend policy to around a 60% payout ratio and aims to achieve a 100 yen annual dividend within five years. Cash flow is expected to improve due to expanded earnings from the leasing business and increased proceeds from share disposals, and the Company will pursue sustainable profit growth and strengthening of its financial position.
Sumitomo Realty & Development Co., Ltd.
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