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Mitsui Fudosan (MTSFY) (MTSFY)
:MTSFY
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
―Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -13.25%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with record-breaking financial performance, strong growth in facility operations and leasing segments, and upward revisions in forecasts and dividends. However, some challenges persist, such as declines in property sales to investors and increased interest expenses.Company Guidance
In the second quarter earnings call for fiscal year 2024, Mitsui Fudosan highlighted several key metrics. The company achieved record highs in revenues, operating income, ordinary income, and profit attributable to owners of the parent for the first half of fiscal 2023. Operating income was revised upward from JPY 330 billion to JPY 335 billion, ordinary profit from JPY 245 billion to JPY 255 billion, and profit attributable to owners of the parent from JPY 210 billion to JPY 215 billion. The full-year dividend per share was also increased by JPY 2 to JPY 70. Operating revenue for the first half was JPY 1.1652 trillion, up 10.2% year-on-year, with operating income at JPY 179.7 billion, marking a 36.7% increase. The company's domestic residential property sales business reported an operating profit margin of 21.8%, and the office vacancy rate is expected to improve to the mid-2% range by year-end. The facility operations segment showed strong growth, with a JPY 19 billion increase in profits year-on-year, driven by improvements in hotel ADRs and increased spectator numbers at TOKYO DOME. Overall, the company demonstrated robust financial performance and made upward revisions to its forecasts and dividends, reflecting strong market conditions and performance across various segments.Record-Breaking Financial Performance
Mitsui Fudosan set new first half record highs for revenues, operating income, ordinary income, and profit attributable to owners of the parent. This marks the second consecutive year of record operating profit and the third consecutive year of record profit attributable to owners of parent.
Upward Revision of Full Year Forecast
The company has revised its full year forecast upward, increasing the operating income forecast from JPY 330 billion to JPY 335 billion, and ordinary profit from JPY 245 billion to JPY 255 billion. The full year guidance for profit attributable to owners of parent has also been raised from JPY 210 billion to JPY 215 billion.
Improved Dividend Forecast
Full year dividend per share guidance has been raised from JPY 68 to JPY 70, reflecting the strong financial performance and forecast revisions.
Strong Performance in Facility Operations
Facility operations segment revenues grew JPY 33.9 billion year-on-year with a JPY 19 billion increase in profits, driven by improved hotel ADRs and increased spectator numbers at TOKYO DOME.
Leasing Segment Growth
Leasing segment saw a year-on-year increase in operating revenues and income by JPY 35 billion and JPY 13.1 billion, respectively, driven by GMV growth and new openings.
Strong Overseas Business Performance
Overseas profits were JPY 61.6 billion, up JPY 23.5 billion year-on-year, with significant contributions from 50 Hudson Yards and property disposals in the U.S.
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MTSFY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTSFY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $26.95 | $26.83 | -0.45% |
| Aug 02, 2024 | $28.92 | $28.04 | -3.04% |
| May 10, 2024 | $29.84 | $30.36 | +1.74% |
| Feb 09, 2024 | $26.69 | $26.95 | +0.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mitsui Fudosan (MTSFY) (MTSFY) report earnings?
Mitsui Fudosan (MTSFY) (MTSFY) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Mitsui Fudosan (MTSFY) (MTSFY) earnings time?
Mitsui Fudosan (MTSFY) (MTSFY) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTSFY EPS forecast?
Currently, no data Available
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