Sumitomo Realty & Development, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Raises Record High Profit Forecast, Dividend Effectively Increased

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Tue Nov 11, 2025 3:30 pm JST Earnings

8830 Sumitomo Realty & Development Co.,Ltd. 【J-GAAP】

Earnings Report

Sumitomo Realty & Development Co.,Ltd. <8830> [TSE Prime] announced its financial results after the market closed on November 11th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 5.0% from the same period last year, reaching 163 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 1.8%, from the previous forecast of 280 billion yen to 285 billion yen (compared to 268 billion yen in the previous period), increasing the growth rate from 4.4% to 6.2%, further surpassing the previous forecast of record-high profits for five consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 8.0% from the same period last year, reaching 121 billion yen.

At the same time, due to a planned 2-for-1 forward stock split is scheduled for December 31, the annual dividend for the current fiscal year has been revised from the original plan of 85 yen to 64 yen (equivalent to 86 yen before the forward stock split) This effectively represents a 1.2% increase in the annual dividend.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 10.4% from the same period last year, reaching 58.6 billion yen. The operating profit margin rose from 25.8% in the same period last year to 27.5%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2023	505,243	149,775	149,588	105,924	223.5	59.1	Nov 10, 2023	J-GAAP
Apr - Sep, 2024	539,574	155,937	156,168	109,460	231.0	58.2	Nov 8, 2024	J-GAAP
Apr - Sep, 2025	532,243	167,479	163,906	118,340	253.7	57.5	Nov 11, 2025	J-GAAP
YoY	-1.4%	+7.4%	+5.0%	+8.1%	+9.9%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025 Guidance	ー	ー	ー	ー	－	42	May 13, 2025	J-GAAP
Apr - Sep, 2025 Results	532,243	167,479	163,906	118,340	253.7	42	Nov 11, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	1,030,000	290,000	280,000	205,000	441.3	85	May 13, 2025	J-GAAP
Mar, 2026 New	1,050,000	295,000	285,000	210,000	452.1	86	Nov 11, 2025	J-GAAP
Revision Rate	+1.9%	+1.7%	+1.8%	+2.4%	+2.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	474,665	115,579	112,155	82,221	173.8	35	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	517,757	127,521	121,094	91,660	197.3	44	Nov 11, 2025	J-GAAP
YoY	+9.1%	+10.3%	+8.0%	+11.5%	+13.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	967,692	254,666	253,111	177,171	373.8	60	May 9, 2024	J-GAAP
Mar, 2025	1,014,239	271,516	268,323	191,681	405.1	70	May 13, 2025	J-GAAP
Mar, 2026 Guidance	1,050,000	295,000	285,000	210,000	452.1	86	Nov 11, 2025	J-GAAP
YoY	+3.5%	+8.6%	+6.2%	+9.6%	+11.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	223,856	57,813	53,136	34,921	73.7	25.8	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	243,290	59,865	62,575	37,239	78.6	24.6	Feb 6, 2025	J-GAAP
Jan - Mar, 2025	231,375	55,714	49,580	44,982	95.1	24.1	May 13, 2025	J-GAAP
Apr - Jun, 2025	293,304	101,792	105,244	73,776	157.9	34.7	Aug 7, 2025	J-GAAP
Jul - Sep, 2025	238,939	65,687	58,662	44,564	95.6	27.5	Nov 11, 2025	J-GAAP
YoY	+6.7%	+13.6%	+10.4%	+27.6%	+29.7%