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.
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.
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.
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.
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.
REVOLUTION sold WeCapital, the subsidiary behind its troubled crowdfunding platform, to a sitting board member for ¥1mn after no outside buyer emerged, then withdrew its full-year guidance and mid-term plan entirely as it works through a Tokyo Stock Exchange special-attention designation and an unresolved internal probe.
Japan's biggest self-storage operator raised its full-year profit forecast after 19% first-half operating-profit growth, and is spending about ¥2.6bn at a 42% premium to take full control of a smaller Tokyo-area rival.
Hulic's net profit rose 11% to ¥50.0bn in the six months to June 2026, but a ¥5.1bn goodwill charge tied to its tutoring subsidiary's share price tipped the smaller-business segment into a loss.
The move: Miyakoshi lifted its revenue forecast 75% to ¥3.5bn and now expects ¥150mn of operating profit after saying memory-chip procurement talks and large Japanese sales negotiations moved ahead.
The move: Miyakoshi now expects ¥3.5bn of revenue, ¥150mn of operating profit and ¥330mn of net profit for the year ending March 2027, after saying supply talks with two major Chinese memory manufacturers and large Japanese sales negotiations are lifting orders above plan.
The move: Miyakoshi raised expected revenue for the year to March 2027 to ¥3.5bn and swung to a ¥330mn net profit, but the upgrade rests on semiconductor supply negotiations in China and still-developing sales discussions with Japanese buyers.
Revenue at Real Estate Distribution System is forecast to inch up to ¥930mn this year, but operating profit is set to fall 52.9% as listing-related expenses rise and the renovation arm retrenches after staff departures.
Revenue for the half year fell 12.0% to ¥12,542 million, but the group posted ¥1,363 million of operating profit, largely from crowdfunding rather than property sales. It still recorded a ¥1,056 million net loss and an equity ratio of 1.9%, while the auditor declined to express a conclusion on the half-year statements as the company investigates Yamawake Estate transactions with buyback arrangements.
A feared UK restructuring hit came in at ¥8.724 billion instead of the ¥25.0 billion assumed in March, while a ¥31.087 billion deferred-tax benefit was pulled into the first half instead of the final quarter. That sent full-year net profit guidance to ¥44.0 billion from ¥26.0 billion even as sales and operating profit guidance only edged up to ¥411.0 billion and ¥42.5 billion, and the company will stop monthly overseas parking commentary after the restructuring.
Revenue for the six months to April rose 53.2% to ¥29,390 million and operating profit climbed 61.0% to ¥2,573 million, helped by fund formation and Livenup Group. Even so, management left its full-year targets unchanged and kept the annual dividend forecast at ¥46.00 a share.
GA Technologies posted first-half revenue of ¥142.4 billion and company-defined net revenue of ¥25.5 billion, but business profit fell 7.8% to ¥3.86 billion and operating cash flow swung to a ¥5.25 billion outflow as inventories rose. Management nevertheless kept its full-year framework unchanged, pointing to a stronger second quarter in the RENOSY business and a US marketplace operation that moved into the black. The case for patience is clear enough, but the second half still has to prove it.