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HEIWA REAL ESTATE, 0.2％ Increase in Ordinary Profit, Update Record High for Third Consecutive Term, Increased Previous Year's Dividend by 1 Yen, This Fiscal Year to Increase Dividend by 5 Yen

Thu Apr 30, 2026 3:00 pm JST Earnings

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

Earnings Report

HEIWA REAL ESTATE CO.,LTD. <8803> [TSE Prime] announced its financial results in the afternoon session on April 30th (15:00). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 11.4% from the previous period to 12.9 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is nearly flat with a slight increase of 0.2% to 13.0 billion yen, marking the third consecutive term of record-high profits. This will be the fourth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 97 yen to 98 yen (compared to 172 yen before the 2-for-1 forward stock split in the previous term), and has decided to increase the dividend this fiscal year to 103 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 11.0% from the same period last year, reaching 5.69 billion yen. However, the operating profit margin decreased from 37.8% in the same period last year to 35.7%.

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Actual Results

Historical Performance
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 50,855 15,109 12,980 11,032 165.6 98 Apr 30, 2026 J-GAAP
YoY +20.9% +14.5% +11.4% +15.3% +17.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 50,500 14,800 12,700 10,800 162.1 97 Mar 31, 2026 J-GAAP
Mar, 2026 Results 50,855 15,109 12,980 11,032 165.6 98 Apr 30, 2026 J-GAAP
Revision Rate +0.7% +2.1% +2.2% +2.1% +2.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 21,820 5,766 4,831 4,347 65.1 36 Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 44 Apr 30, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 42,075 13,196 11,651 9,565 141.6 86 Apr 30, 2025 J-GAAP
Mar, 2026 50,855 15,109 12,980 11,032 165.6 98 Apr 30, 2026 J-GAAP
Mar, 2027 Guidance 63,800 15,800 13,000 11,500 174.1 103 Apr 30, 2026 J-GAAP
YoY +25.5% +4.6% +0.2% +4.2% +5.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 15,128 5,717 5,131 4,626 68.5 37.8 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 13,123 3,438 3,114 2,258 33.8 26.2 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 8,697 2,328 1,717 2,089 31.3 26.8 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 10,952 2,893 2,456 1,819 27.3 26.4 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 18,083 6,450 5,693 4,866 73.1 35.7 Apr 30, 2026 J-GAAP
YoY +19.5% +12.8% +11.0% +5.2% +6.7%

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