Mitsui Fudosan raises dividend forecast, announces share repurchase program

Mitsui Fudosan Co., Ltd. announced a revision to its dividend forecast for the fiscal year ending March 31, 2026. The company is increasing the second quarter dividend per share to 17.00 yen, up 0.50 yen from the previous forecast. The year-end dividend forecast was also raised to 17.00 yen per share, resulting in an annual dividend of 34.00 yen, an increase of 1.00 yen from the prior forecast. This adjustment follows favorable performance in the "Management" segment and improved interest expenses.

Concurrently, the company resolved to repurchase up to 60 million common shares, representing 2.2% of its issued shares (excluding treasury shares), for a maximum aggregate price of 57 bn yen. The repurchase period is from December 1, 2025, to March 31, 2026, conducted via open market purchases on the Tokyo Stock Exchange. This initiative aims to enhance shareholder returns and maintain a flexible capital policy.

The revised consolidated earnings forecast for the fiscal year ending March 31, 2026, projects ordinary income of 295 bn yen and net income attributable to shareholders of 265 bn yen, both up 10 bn yen and 5 bn yen respectively from previous forecasts. Business income in the "Management" segment is now expected to reach 80 bn yen, a 5 bn yen increase, driven by strong performance in individual brokerage and car park leasing.