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Sumitomo Realty posts 14% YOY rise in fiscal Q1 profit

Sumitomo Realty & Development Co. Ltd. posted a 14% year-over-year rise in profit for the fiscal first quarter ended June 30.

The company on Aug. 8 reported a consolidated profit attributable to owners of ¥55.83 billion, up from ¥48.96 billion in the prior-year period. EPS rose to ¥117.80 from ¥103.31.

Revenue from operations rose year over year to ¥334.36 billion from ¥308.75 billion.

Operating income increased to ¥81.40 billion from ¥71.76 billion, while ordinary profit climbed to ¥81.54 billion from ¥71.07 billion.

As of Aug. 8, US$1 was equivalent to ¥106.13.