Hulic's Q1 operating profit surges 34% amid strong sales

Hulic (TSE:3003) announced its consolidated financial results for the first quarter of the fiscal year ending December 2025, revealing substantial year-over-year growth. Operating revenue increased by 45.5% to JPY 156.644 billion, while operating profit surged 34.0% to JPY 31.816 billion. Recurring profit rose by 31.8% to JPY 28.010 billion, and net profit attributable to owners of the parent increased by 8.3% to JPY 17.175 billion. The real estate segment remained the primary driver, with revenue increasing to JPY 133.385 billion, boosted by steady rental income and strong sales. The hotel and lodging segment also contributed significantly, with revenue climbing 12.4% to JPY 14.839 billion due to a surge in inbound tourism. Hulic maintained its full-year forecast, but did not provide guidance for sales.