Sumitomo Realty Company Report
Sumitomo Realty reported a relatively weak bottom line for the October-December quarter, with annualized ROE of 6.5%, versus its 10-year average ROE of 10.5%. However, after strong performance in the fiscal first and second quarters, the firm remains well on track to achieving its guidance of JPY 213 billion in operating profit and JPY 130 billion in net profit for the year ending March 2019. The guidance achievement rate is 82% at the operating-profit level and 76% at the bottom line with one q...Sumitomo Realty & Development is mainly engaged in the real estate business. Co.'s principal business segments are real estate leasing, real estate sale, construction, brokerage, and others. It is engaged in the development, direct leasing and management of office buildings and condominiums, the sublease of properties leased from special purpose companies, the provision of hotel business and the operation of event halls and conference rooms; the development and sale of condominiums, buildings, detached houses, housing land and other properties; the construction and remodeling of houses; the brokerage and sale of real estate; and the operation of fitness clubs and restaurants.
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