Sumitomo Realty & Development

Retail & mixed-use property · 8830

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-06 · the filing

JapanLeasing, mainly Tokyo offices, set a first-quarter record — revenue ¥121.2bn (from ¥112.7bn), profit ¥58.1bn (from ¥52.9bn) — as vacancy in existing buildings fell to 3.6%, 2.1 points lower than a year earlier, with rents rising.

Other callouts in the filing

SegmentCondominium and house sales booked 1,076 units, 435 fewer, including Grand City Tower Ikebukuro; sales revenue fell to ¥122.5bn from ¥137.7bn, but higher prices kept profit close to last year (¥48.9bn, from ¥50.7bn).
One-offNet income grew faster than operating profit mainly because of gains on selling investment shares placed in a disposal trust; extraordinary items improved by ¥14.9bn.
OutlookFull-year guidance is unchanged: revenue of ¥1,070.0bn (+1.2%), operating profit of ¥320.0bn (+7.0%) and net income of ¥223.0bn (+4.9%), which would be a 14th straight record year for net income.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

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floortok holds 2 reported periods for this company.

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-06

Net sales¥281.0bn−4.2%

Operating profit¥102.8bn+1.0%

Net income¥85.2bn+15.4%

Sumitomo Realty & Development is a Tokyo developer whose profit comes mainly from renting Tokyo office towers and selling condominiums. In April–June 2026 revenue fell 4.2% to ¥281.0bn, but operating profit rose 1.0% to ¥102.8bn and net income 15.4% to ¥85.2bn — first-quarter records for every profit line.

Full year to March 2026 · Year-to-Date

Reported 2026-05-13

Net sales¥1,057.8bn+4.3%

Operating profit¥299.2bn+10.2%

Net income¥212.5bn+10.9%

Sumitomo Realty's year to March 2026 grew revenue 4.3% to ¥1,057.8bn, operating profit 10.2% to ¥299.2bn and net income 10.9% to ¥212.5bn.