Tosei corporation revises forecasts, increases dividend, halts share buyback

Tosei Corporation has revised its consolidated earnings forecast for the fiscal year ending November 30, 2025. Revenue is now projected at JPY 95,026 million (a decrease of JPY 3,099 million), while operating profit is increased to JPY 22,040 million (an increase of JPY 423 million). Profit attributable to owners of the parent is expected to be JPY 14,484 million (an increase of JPY 399 million), with basic earnings per share rising to JPY 298.79. The company attributes these changes to strategically re-evaluating property sales timing and strong performance in pre-owned condominium sales, rental income, and hotel operations.

In line with the revised earnings, Tosei Corporation also increased its year-end dividend forecast to JPY 100 per share, an increase of JPY 2 from the previous forecast, reflecting a payout ratio of 33.5%. This adjustment is consistent with the company's policy of balancing shareholder returns with retained earnings for long-term growth.

Concurrently, Tosei Corporation announced no share repurchases were executed in October 2025 under the program resolved on April 7, 2025. The company had initially authorized repurchases of up to 700,000 shares, totaling JPY 1,000,000,000, between April 11, 2025, and November 30, 2025, but no shares have been acquired to date.