INVESTOR RELATIONS
Forecast
Forecast for Fiscal Year 2023 Ending March 31, 2024
The forecasts and other forward-looking statements in this report are based on currently available information and certain assumptions determined as rational. Consequently, any statements herein do not constitute assurances regarding actual results by the Company. Actual performance may significantly differ from these forecasts due to various factors in the future.
Consolidated Financial Results Forecast [As of November 7, 2023]
Concerning consolidated results forecast, the Company has revised the full-year consolidated results forecast for the fiscal year ending March 31, 2024, which were announced on May 10, 2023, after giving consideration to the operating results for the six months ended September 30, 2023 and the outlook for the remaining period. The details are as follows.
We revised upward the forecasts for respective profit figures mainly due to the expectation of recovery of domestic and inbound demand in the hotel business, etc., and strong performance in the real-estate sales agent business amid vibrant activity in the real estate transaction market, despite various uncertainties in the business outlook due to factors such as continued monetary tightening in regions such as Europe and the U.S. as well as rising raw material prices due to the emergence of geopolitical risks.
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| FY2022 | FY2023 Forecast |
Increase (Decrease) |
|
|---|---|---|---|
| Operating revenue | 1,005,836 | 1,120,000 | 11.4% |
| Operating Profit | 110,410 | 115,000 | 4.2% |
| Ordinary Profit | 99,558 | 104,500 | 5.0% |
| Profit attributable to owners of parent | 48,227 | 64,000 | 32.7% |
Segment Forecast [As of November 7, 2023]
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| FY2022 | FY2023 Forecast |
||
|---|---|---|---|
| Urban Development | Operating revenue | 346.1 | 380.6 |
| Operating Profit | 58.6 | 52.8 | |
| Strategic Investment | Operating revenue | 78.8 | 104.4 |
| Operating Profit | 15.2 | 13.9 | |
| Property Management & Operation | Operating revenue | 337.1 | 369.2 |
| Operating Profit | 12.3 | 21.5 | |
| Real Estate Agents | Operating revenue | 263.0 | 284.0 |
| Operating Profit | 33.7 | 36.3 | |
The values for each of the above segments do not include the values for "Adjustment for Inter-Company Transactions".
Dividend payout ratio [As of November 7, 2023]
| FY2022 | FY2023 Forecast |
|
|---|---|---|
| Dividend payout ratio | 35.0% | 31.1% |