Mitsui Fudosan

Mitsui Fudosan reported Q1 operating revenue of JPY 616.9 billion and profit attributable to owners of the parent of JPY 75.8 billion, both well below the prior year due to a high comparison base from exceptional property sales. The leasing, property management and facility management segments achieved record operating results, the office vacancy rate in the metropolitan area remained at around 0.9%, and all lease renewals in the Greater Tokyo area were completed on higher terms. The stock rose after the results, as investors weighed the robust recurring business performance and stable housing demand more heavily than the profit decline. Mitsui Fudosan sticks to its full-year targets and the plan "& INNOVATION 2030", but cites risks such as high debt, volatility in property sales and interest rate pressure. » More on de.investing.com

Mitsui Fudosan missed its profit forecast for fiscal 2025 with EPS of 21.61 JPY versus an expected 23.97 JPY, but beat revenue expectations with 2,709.7 billion JPY. Despite record operating revenue, operating income and profit attributable to owners, the stock fell 9.99% in after-hours trading. Management highlights reaching strategic targets earlier than planned and aims for further growth through asset rotation and portfolio management, but sees risks from rising interest rates, currency fluctuations and geopolitical factors. » More on de.investing.com