- Sumitomo Realty predicts an operating income of 267 billion yen, which is lower than the estimated 276.42 billion yen.
- The forecasted net income is 190 billion yen, slightly above the estimated 188.19 billion yen.
- Net sales are forecasted at 1.00 trillion yen, which is lower than the estimate of 1.02 trillion yen.
- The expected dividend is 70 yen, just below the estimated 70.78 yen.
- Fourth quarter results show net sales of 241.23 billion yen, essentially on par with the previous year’s 241.02 billion yen, but lower than the estimated 246.78 billion yen.
- The vacancy rate for offices has increased to 6.9% from 6% the previous year.
- Yearly results reveal increases in several areas: operating income is up 5.6% at 254.67 billion yen; leasing operating income is up 6.6% at 176.58 billion yen; sales operating income has risen by 12% to 60.21 billion yen.
- However, brokerage operating income decreased 6.4% to 18.74 billion yen and housing construction operating income fell by 2.7% to 20.84 billion yen.
- Net income rose by 9.4% to 177.17 billion yen and net sales increased by 3% to 967.69 billion yen.
- There was a decrease in condominiums sold, with figure at 3,281 units representing an 11% drop from the previous year.
- The company aims to increase sales and profits, particularly in office building rentals, and achieve record high ordinary profits for the fourth consecutive term and record high net profits for the 12th consecutive term.
- Opinions on the company are divided, with 5 buys, 5 holds, and 0 sells.
A look at Sumitomo Realty & Developmen Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
With a strong momentum score of 5, Sumitomo Realty & Development is showing robust performance and maintains a positive growth outlook with a score of 3. The company is actively developing and managing real estate properties not only domestically but also overseas, indicating a broad scope of operations. While its value and dividend scores are moderate at 3 and 2 respectively, Sumitomo Realty & Development’s resilience score sits at 2, suggesting some level of vulnerability to market fluctuations. Overall, the company’s high momentum score underscores its potential for future growth and may position it favorably in the real estate market.
Sumitomo Realty & Development Co., Ltd. specializes in real estate development, sales, and management, with additional ventures into infrastructure projects and financing services. The company’s diverse portfolio includes fitness clubs and restaurants, showcasing a multi-faceted approach to its business operations. As it continues to expand both domestically and internationally, Sumitomo Realty & Development’s strong momentum score reflects a promising outlook for sustained growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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