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Sumitomo Realty fiscal Q1 attributable profit climbs 13.6% YOY

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Sumitomo Realty fiscal Q1 attributable profit climbs 13.6% YOY

Sumitomo Realty & Development Co. Ltd. said its EPS for the fiscal first quarter ended June 30 was ¥102.58, a gain from ¥90.31 in the year-earlier period.

Profit attributable to owners of its parent totaled roughly ¥48.62 billion, a year-over-year increase of 13.6% from ¥42.80 billion.

Operating income increased 12.8% on an annual basis to roughly ¥71.26 billion from roughly ¥63.19 billion, and revenue from operations climbed 13.8% on an annual basis to ¥308.25 billion from ¥270.93 billion.

Ordinary profit totaled roughly ¥70.58 billion compared with approximately ¥62.69 billion in the year-earlier period.

The company maintained its forecasts for the fiscal year ending March 31, 2019.

For the full fiscal year, the company expects to pay an annual dividend of ¥29 per share, with a ¥14 per share interim dividend and a ¥15 per share year-end dividend. The full-year dividend for fiscal 2017 was ¥27 per share.

As of Aug. 8, US$1 was equivalent to ¥110.94.