Report
Mari Kumagai
EUR 101.80 For Business Accounts Only

Sumitomo R&D may see near-term earnings growth, but long-term headwinds persist.

Sumitomo Realty & Development, or SRD, reported first-half results slightly above our high expectations. For the six months ended September 2017, the company reported another historic high, with higher profits and revenue while maintaining better operating margin. Net profits increased 25% to JPY 74 billion, outpacing operating profits and revenue increases of 17% and 5%, respectively. The ongoing upward asset price momentum has led to better margin expansion than its peers with operating ma...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Mari Kumagai

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