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TYO:8802

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Asia

Mitsubishi Estate's Profit Climbs 18% in Fiscal Year 2025

Mitsubishi Estate's (TYO:8802) profit attributable to owners of the parent rose 18% to 222.5 billion yen for the fiscal year 2025 from 189.4 billion yen a year earlier.The real estate company's earnings per share increased to 181.80 yen from 151.04 yen a year ago, according to a Tokyo bourse filing on Wednesday.Operating revenue jumped 11% to 1.746 trillion yen for the year ended March 31 from 1.58 trillion yen in the prior year.It declared a final dividend of 23 yen per share, payable from June 29.For the fiscal year 2026, the company expects attributable profit of 235 billion yen, EPS of 196.27 yen, and operating revenue of 2 trillion yen.Mitsubishi Estate plans to pay an interim and year-end dividend of 24 yen and 25 yen, respectively, for the year.

TYO:8802
Asia

Market Chatter: Japan Property Developers Flag Possible Condo Handover Delays

Major Japanese developers are warning condominium buyers about possible construction delays as supply disruptions linked to the Middle East conflict tighten availability of building materials, Nikkei reported Tuesday.Mitsui Fudosan (TYO:8801) unit Mitsui Fudosan Residential has informed customers in several projects, including a Tokyo high-rise complex with about 2,000 units, that handover schedules and some materials could change because of supply uncertainty. The company said no delays have occurred so far, according to the report.The closure of the Strait of Hormuz has disrupted supplies of petrochemical-based materials such as insulation, paint and water pipes, pushing up costs and limiting orders, the report said.Tokyu Fudosan (TYO:3289) said it is also alerting buyers to possible changes in delivery schedules as supply-chain disruptions and higher material costs persist, according to the report.Mitsubishi Estate (TYO:8802) unit Mitsubishi Estate Residence and Tokyo Tatemono (TYO:8804) have issued similar notices, while Nomura Real Estate (TYO:3231) unit Nomura Real Estate Development said it would notify customers if delays become likely, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:3231TYO:3289TYO:8801TYO:8802TYO:8804