Sumitomo Realty boosts earnings forecast, announces split, dividend hike, and buyback

Sumitomo Realty & Development Co., Ltd. has updated its FY2025 earnings forecast, projecting a net profit of JPY 210,000 million, an JPY 18,318 million (9.6%) increase from FY2024. This revision is driven by strong performance in its leasing business, with improved occupancy rates and increased rents, and its sales business, which exceeded initial forecasts due to a robust condominium market.

In a move to enhance share liquidity and expand its investor base, the company announced a 2-for-1 stock split for its common shares, effective January 1, 2026. The year-end dividend for FY2025 is revised to JPY 44 per share on a pre-stock split basis, bringing the total annual dividend to JPY 86 per share, a JPY 16 increase from the previous fiscal year.

Additionally, Sumitomo Realty's Board of Directors approved a share repurchase program, authorizing the buyback of up to 10,000,000 shares (1.07% of issued shares after the stock split) for a total of up to JPY 30 billion. The repurchase period runs from November 12, 2025, to March 31, 2026.