- Sumitomo Realty’s operating income for the third quarter reached 59.87 billion yen, exceeding expectations and marking a 10% increase year-over-year.
- Net income for the third quarter was 37.24 billion yen, a decline of 6.1% compared to the previous year and below the estimated 42.28 billion yen.
- Net sales for the third quarter amounted to 243.29 billion yen, surpassing projections and increasing by 10% year-over-year.
- For the nine-month period, operating income rose by 5.8% year-over-year to 215.80 billion yen.
- During the same nine months, net income showed a slight increase of 0.8% year-over-year, totaling 146.70 billion yen.
- Net sales for the first nine months of the year reached 782.86 billion yen, reflecting a 7.8% year-over-year growth.
- Looking at the full year forecast, Sumitomo Realty expects operating income of 267.00 billion yen, slightly below the estimated 271.26 billion yen.
- The company maintains a net income forecast of 190.00 billion yen, closely aligning with the estimate of 191.35 billion yen.
- Projected net sales for the year are set at 1.00 trillion yen, which matches the market estimate closely.
- The expected dividend remains at 70.00 yen, consistent with analyst estimates.
- Current analyst ratings include six buy recommendations, five holds, and no sell recommendations.
A look at Sumitomo Realty & Developmen Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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
Sumitomo Realty & Development Co., Ltd. has a mixed outlook based on the Smartkarma Smart Scores analysis. The company scores well in terms of Growth and Momentum, indicating a positive trend in these areas. With a strong focus on developing and managing houses, condominiums, and real estate properties, Sumitomo Realty & Development is positioned for long-term growth potential. However, the scores for Value, Dividend, and Resilience are not as high, suggesting some challenges in these aspects. Despite this, the company’s diverse portfolio, which includes infrastructure projects, fitness clubs, and restaurants, provides a solid foundation for future expansion.
In summary, Sumitomo Realty & Development Co., Ltd. is a company with a strong emphasis on growth and momentum, supported by its core business in real estate development and management. While it may face some challenges in terms of value, dividend yield, and resilience, its diverse range of services and international operations offer opportunities 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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