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Mitsubishi Estate Company ( (JP:8802) ) has shared an announcement.
Mitsubishi Estate Company reported record-high operating profits and profit attributable to owners for FY2024, surpassing forecasts. The company anticipates further growth in FY2025, driven by strong domestic and international business performance and strategic sales of holding stocks. The company plans to enhance shareholder returns through increased dividends and a significant share buyback, aiming to improve ROE. Despite a slight expected decline in the commercial property business, overall profitability is projected to rise.
More about Mitsubishi Estate Company
Mitsubishi Estate Company operates in the real estate industry, focusing on commercial property, residential, and international business sectors. The company is known for its development and management of office buildings, retail properties, and hotels, with a strong presence in Japan and expanding international operations.
YTD Price Performance: 17.73%
Average Trading Volume: 4,831,589
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen3155.2B
For detailed information about 8802 stock, go to TipRanks’ Stock Analysis page.