- Forecasted Operating Income: Sumitomo Realty expects its operating income to reach 295 billion yen for the fiscal year, surpassing the previous forecast of 290 billion yen and exceeding analysts’ estimate of 293.83 billion yen.
- Forecasted Net Income: The company anticipates net income of 210 billion yen, higher than the previous figure of 205 billion yen and above the estimate of 207.05 billion yen.
- Forecasted Net Sales: Net sales for the fiscal year are projected to be 1.05 trillion yen, compared to the prior forecast of 1.03 trillion yen and the estimate of 1.04 trillion yen.
- First Half Operating Income: Achieved operating income of 167.48 billion yen in the first half of the fiscal year.
- Leasing Operating Income: Recorded leasing operating income of 104.31 billion yen in the first half, slightly below the estimate of 106.37 billion yen.
- Sales Operating Income: Sales operating income for the first half amounted to 63.88 billion yen.
- Second Quarter Performance: Operating income for the second quarter was 65.69 billion yen, significantly higher than the estimate of 53.91 billion yen.
- Second Quarter Net Income: Reported net income of 44.56 billion yen in the second quarter, exceeding the projection of 41.58 billion yen.
- Second Quarter Net Sales: Net sales during the second quarter were 238.94 billion yen, slightly above the estimate of 237.8 billion yen.
- Analyst Recommendations: The company has 4 buy recommendations, 7 hold recommendations, and no sell recommendations.
Sumitomo Realty & Developmen on Smartkarma
Sumitomo Realty & Development is a key player in the Japanese real estate scene, according to a report by Ξ±SK on Smartkarma. The company boasts a diverse business approach encompassing real estate leasing, sales, construction, and brokerage. With a prominent emphasis on premium office spaces and condos in Tokyo’s heart, Sumitomo has shown steady revenue and net income growth over recent years. Its strong performance is attributed to a robust leasing portfolio and successful development endeavors, reflected in solid financials featuring healthy margins and positive operational cash flow.
The analysis underscores the opportunities and challenges within the Japanese real estate sector that Sumitomo Realty faces. Despite a robust demand for high-caliber urban properties, factors such as a shrinking population and escalating construction expenses present obstacles. However, Sumitomo’s strategic concentration on prime assets and its holistic business model equip it to navigate these market dynamics effectively. This primer provides invaluable insights into Sumitomo Realty & Development’s positioning and performance, offering investors a comprehensive view of the company’s prospects.
A look at Sumitomo Realty & Developmen Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| 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., a company focusing on housing and real estate, is set for a favorable long-term outlook according to Smartkarma Smart Scores. With a strong momentum score of 5, indicating robust market performance, the company shows promising growth potential, resilience, and value within the market. While the dividend and growth scores come in at a moderate level of 2 and 3 respectively, Sumitomo Realty & Development’s overall outlook remains positive due to its solid scores in key areas.
Specializing in housing and real estate development, Sumitomo Realty & Development Co., Ltd. has diversified its business to include infrastructure projects, property management, and financial services. Additionally, the company operates fitness clubs and restaurants, showcasing a broad spectrum of offerings. With an overall favorable assessment from Smartkarma Smart Scores, Sumitomo Realty & Development is positioned to thrive in the long term, leveraging its momentum and resilience to navigate market shifts successfully.
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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