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HEIWA REAL ESTATE, Net Income Forecast for the Fiscal Year Revised Upward by 5%, Raises Record High Profit Forecast, Dividend Revised Upward by 4 Yen

Tue Mar 31, 2026 3:00 pm JST Revision

8803 HEIWA REAL ESTATE CO.,LTD. 【J-GAAP】

Guidance Update Report

HEIWA REAL ESTATE CO.,LTD. <8803> [TSE Prime] announced a revision to its performance and dividend in the afternoon session on March 31st (15:00). The consolidated net income forecast for the fiscal year ending March 2026 has been revised upward 4.9%, from the previous forecast of 10.3 billion yen to 10.8 billion yen (compared to 9.56 billion yen in the previous period), increasing the growth rate from 7.7% to 12.9%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income is expected to increase 8.4%, from the previous forecast of 5.95 billion yen to 6.45 billion yen (compared to 6.13 billion yen in the same period of the previous year), turning to a 5.2% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 93 yen to 97 yen (compared to 172 yen before the 2-for-1 forward stock split in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 28,680 9,034 7,869 5,953 90.1 57 Jan 30, 2026 J-GAAP
Oct - Mar, 2025 New 28,680 9,034 7,869 6,453 96.9 61 Mar 31, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +8.4% +7.5%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 50,500 14,800 12,700 10,300 155.9 93 Jan 30, 2026 J-GAAP
Mar, 2026 New 50,500 14,800 12,700 10,800 162.1 97 Mar 31, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +4.9% +4.0%

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 23,314 7,942 7,070 6,134 90.8 54.50 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 28,680 9,034 7,869 6,453 96.9 61 Mar 31, 2026 J-GAAP
YoY +23.0% +13.7% +11.3% +5.2% +6.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 44,433 13,022 11,463 8,450 118.1 83 Apr 30, 2024 J-GAAP
Mar, 2025 42,075 13,196 11,651 9,565 141.6 86 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 50,500 14,800 12,700 10,800 162.1 97 Mar 31, 2026 J-GAAP
YoY +20.0% +12.2% +9.0% +12.9% +14.5%

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