Earnings, deals and disclosures from Japan's listed real estate companies, in English.
Mitsubishi Estate's Marunouchi offices were 0.34% vacant at end-September, but its ¥187.1bn half-year operating profit also leaned on overseas property sales, and a ¥40.1bn securities gain sits below the operating line.
Daito Trust's half-year net profit rose 28.6% to ¥64.2bn with help from a ¥9.87bn gain on the sale of an affiliate stake, while construction orders fell 13.2%, which the company ties to cautious clients facing higher interest rates.
Sumitomo Realty raised its operating profit forecast to ¥330.0bn and its dividend to ¥55, citing Tokyo office rents, though property sales supply a larger share of the raise and the ¥100 dividend is a five-year target.
Iida Group Holdings' homebuilding subsidiary closed its all-cash purchase of an operator of 100 or more serviced senior-housing facilities on October 6, though fair values and goodwill are still being worked out.
Japan Airport Terminal raised its full-year operating profit forecast to ¥51.5bn from ¥45.6bn, citing international passenger numbers above its forecast and a weak yen that helped duty-free sales, and kept its interim dividend at ¥48 a share.
Tenders of shares and options, equal to 207,044,870 shares, cleared the 158,716,000-share minimum, so K891, Inc. will buy all of them and, once settlement starts on November 9, become Leopalace21's parent with 63.35% of voting rights.
Loadstar Capital's first real-estate security token, a ¥3.83bn Yokohama hotel offering launched in August, is treated as a financing and added no nine-month revenue, while net profit fell 12.2% and assets under management passed ¥200bn.
Hulic lifted its 2026 net profit forecast to ¥126bn and added a ¥900bn revenue forecast, citing sales of properties outside its holding policy, and raised its annual dividend forecast to ¥70.
ES-CON JAPAN signed a ¥17bn syndicated term loan due October 2033 to fund its Kitahama Realty share purchase and refinance debt, with covenants on net assets and consecutive ordinary losses.
JPMC will ask shareholders on November 27 to approve a 726,050-to-one share consolidation, with delisting planned for December 29, a ¥2,270-per-share cash-out basis and payment targeted for mid-April 2027.
Chidori GK has contracted to tender all 50,507,600 Leopalace21 shares to K891 before the 30 October close, but can terminate if a funded rival bid at least 2.5% higher goes unmatched.
Park24 expects a ¥5.5bn extraordinary loss for goodwill payments and breach response costs, lowering its net-profit forecast 12.5% to ¥38.5bn while keeping its sales, operating profit and ¥65 dividend forecasts unchanged.
TASUKI Holdings now expects operating profit of ¥13.65bn for the year to September 2026, up 24.1%, on sales only 1.4% higher, saying project selling prices beat plan while some project sales move into next year.
Katitas's ¥2,000-a-share cash offer for Toubujyuhan has the board's backing and pledges from holders of 45.01%; if it succeeds, the company pays no year-end dividend and ends its shareholder benefit scheme.
Hulic's ¥295-a-share offer for the rest of Riso Kyoiku Group is a 41.15% premium, ¥25 below its 2024 price, with no majority-of-minority condition, and Riso's board backs it.
Holders tendered 9,057,536 JPMC shares at ¥2,270, above the 5,049,300 minimum, but the bidders will still need a share-consolidation vote before the planned delisting from the Prime market, with settlement starting October 13.
Kasumigaseki Capital lifted sales 69.7% to ¥163.76bn with 15 hotel, care-residence and warehouse openings or completions, yet operating cash flow was an outflow of ¥16.77bn and ¥65.9bn of long-term borrowing funded the year.
Tosei cut its full-year sales forecast by ¥9.373bn after moving some property sales into later years, yet raised operating profit guidance to ¥25.061bn on fund fees and rental income, and lifted its year-end dividend forecast to ¥58.
Park24 says a hacker viewed or improperly obtained names, addresses, driver's license images and other data from about 6.6 million Times Car and Times Business Service accounts, but that credit-card numbers were not leaked and passwords were stored in a form the company says cannot be read.
A regulatory change report shows Hikari Tsushin and UH Partners 2 will keep their combined 17.70% Leopalace21 stake out of K891's ongoing tender offer while agreeing to back a share consolidation and later buyback designed to leave K891 as the company's sole shareholder.
Daito Trust Construction will borrow ¥105bn across three loan agreements with Sumitomo Mitsui Banking Corporation, Mizuho Bank and Mitsubishi UFJ Bank that require the homebuilder to keep net assets above half of last fiscal year's level and, on two of the loans, keep ordinary income out of the red.
Amsterdam1 and Amsterdam2 raised their tender offer for Japan Property Management Center to ¥2,270 a share on September 14, but cut the shares they plan to buy and lowered the acceptance minimum after agreeing that Hikari Tsushin group shareholders, holding 9.93% of the company, would sit the tender out entirely, with 8.69% of that stake later sold to JPMC as treasury stock through a related entity.
K891, a vehicle controlled by Hikari Tsushin, has filed a ¥1,000-per-share tender offer for Leopalace21 that would hand the bidder group 66.36% of voting rights at minimum, with Hikari Tsushin, MBK Partners and NEC Capital Solutions set to hold roughly a third each of the buyer's parent once fresh capital comes in after the offer closes.
The Tokyo Standard-listed real estate group could not get its third-quarter earnings reviewed in time because its auditor, Aria Audit Corporation, has withheld a conclusion since June, and an internal probe found 28 of 251 affiliated property funds were wrongly booked as real estate deals rather than financial ones, pushing REVOLUTION toward correcting two years of past filings.