Sumitomo Realty Continues to Achieve Excellent Results, but Lags Peers on Governance
Sumitomo Realty reported net profit of JPY 131 billion for the year ended March 2019, in line with expectations, and guided for net profit of JPY 140 billion for the new year. The company has generated annual return on equity between 10% and 15% every year since the mid-2000s and is poised to continue to do so. Its higher and more stable ROE than its peers partly reflects some peers’ lack of financial leverage but also Sumitomo Realty’s focus on a few business areas where it has competitive adva...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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