TYO:8802

5 stories mentioning TYO:8802Updated 17d ago

Every FINWIRES story that references TYO:8802, newest first.

Market Chatter: Mitsubishi Estate Unveils 1.5 Trillion Yen AI-Driven Data Center Push

Mitsubishi Estate (TYO:8802) will invest 1.5 trillion yen into data hub construction, targeting 2,500 megawatts of total capacity to ride the AI boom, Nikkei Asia reported on Saturday, citing president Atsushi Nakajima.With land and power locked in for roughly 1,000 megawatts across five sites near Tokyo and Osaka, the firm will offer both custom and multi-tenant spaces, the publication 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.)

TYO:8802

Asia20d ago

Market Chatter: Mitsubishi Estate to Launch 100 Million Yen Luxury Housing Project in Sendai

Mitsubishi Estate (TYO:8802) plans to launch its luxury housing Park House Gran condominium project in Sendai, Japan, a first project outside Tokyo, with all units priced over 100 million yen, The Asahi Shimbun reported Friday.The Tokyo-listed real estate developer said that the six-story Park House Gran Sendai-Hirosemachi project will comprise 47 two-and three-bedroom units, with each unit costing at least two million yen.The project will be built on a 4,300-square-meter site, with the first sales phase scheduled in July. The construction is expected to be completed in October 2027, with move-ins likely in December.(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:8802

Asia29d ago

Mitsubishi Estate Repurchases 7.83 Billion Yen Worth of Shares in June

Mitsubishi Estate (TYO:8802) repurchased over 1.9 million ordinary shares between June 1 and June 30 through open market purchases for 7.83 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.The repurchases are part of an ongoing share buyback program originally authorized by the board of directors on May 13. The program permits the acquisition of up to 20 million shares at a purchase price of 50 billion yen.With this, Eneos has repurchased over 3.2 million shares to date for 12.89 billion yen. The buyback, launched on May 14, runs through Nov. 31.

TYO:8802

Asia78d ago

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

Asia79d ago

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

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