Consolidated Financial Results for the First Quarter of Fiscal 2024 (April 1, 2024 - June 30, 2024)
Fiscal 2024 (Year ending March 31, 2025)
August 8, 2024

SUMITOMO REALTY & DEVELOPMENT CO., LTD.
Stock Exchange Listings
Securities CodeLocation of Head OfficeURL

TSE Prime Market8830
Tokyo, Japan
https://www.sumitomo-rd.co.jp/english/

1. Results for First Quarter (April 1, 2024 - June 30, 2024)(1) Consolidated financial results (Amounts less than one million yen, except for per share amounts, are omitted.)
Revenue from operations
Three months ended Jun 30, 2024
Three months ended Jun 30, 2023
(Reference) Fiscal 2023

Operating income

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

315,718
253,138
967,692

24.7

98,12478,151
254,666

25.6

103,032
82,071
253,11125.5

74,53956,880177,171

31.0

3.9
3.0

6.2
5.6

7.6
7.0

7.5
9.4

Notes 1: Comprehensive Income
Fiscal 2024, 1st quarter: 86,501 millions of yen, (16.9%); Fiscal 2023, 1st quarter: 104,092 millions of yen, 105.0%
2: Percentages represent changes year on year.

Three months ended Jun 30, 2024
Three months ended Jun 30, 2023
(Reference) Fiscal 2023

Earnings per share

Diluted earnings pershareYen

Yen

157.28120.02373.83―――

Note: Average number of shares issued and outstanding (consolidated)
Fiscal 2024, 1st quarter: 473,937,935 shares; Fiscal 2023, 1st quarter: 473,938,544 shares(2) Consolidated financial position (Amounts less than one million yen, except for per share amounts, are omitted.)
Total assets

Shareholders' equity

Millions of yen

Millions of yen%

6,649,410
6,454,240
6,678,390

2,122,390
1,890,194
2,050,582

31.9
29.3
30.7

As of Jun 30, 2024
As of Jun 30, 2023
(Reference) Fiscal 2023

Shareholders' equity ratio

Note: Number of shares issued and outstanding (consolidated)
As of Jun 30, 2024 : 473,937,881 shares; As of Jun 30, 2023 : 473,938,527 shares

2. Dividend Position

Fiscal 2023
Forecast for Fiscal 2024

InterimDividends per share
Year end

Yen

Yen

Yen

29.00
35.00

31.00
35.00

60.00
70.00

Annual

3. Consolidated Business Forecasts for Fiscal 2024 (Year ending March 31, 2025)
Revenue from operations
Fiscal 2024

Operating income

Ordinary profit

Profit attributable toowners of parent

Millions of yen

Millions of yen

Millions of yen

Millions of yen

1,000,000

267,000

265,000

190,000

Consolidated business forecasts announced on May 9, 2024 have not been revised.
Note: The foregoing estimates were based on information available as of the date this data was released, and actual results may differ from estimates due to various
arising in the future.

4. Results of main segments(1) Revenue from operations

LeasingSales
Construction
Brokerage
Other and Elimination/Corporate
Total(Millions of yen)Three months ended Three months ended
Jun 30, 2023
Jun 30, 2024
107,508
114,058
156,514100,924
24,98725,59418,995
17,925722
1,625
253,138
315,718

Increase(Decrease)+6,550+55,589+606(1,069)+902+62,580

Forecast for
Fiscal 2024
465,000
240,000
215,000
75,0005,000
1,000,000

Achieved(%)
2565
1224－32

Three months ended Three months ended
Jun 30, 2024
Jun 30, 2023
43,50846,562
34,47153,351(1,314)(1,781)
5,494
4,303(4,008)(4,311)
78,151
98,124

Increase(Decrease)+3,054+18,879(467)(1,191)(303)+19,972

Forecast for
Fiscal 2024
187,000
55,00023,00022,000(20,000)
267,000

Achieved(%)
2597－20－37(2) Operating income

Leasing
Sales
Construction
Brokerage
Other and Elimination/CorporateTotal(Millions of yen)Consolidated Balance Sheets
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiaries

Millions of yen
June 30,2024

AssetsMarch 31,2024

Current assets:
Cash and deposits\69,519\103,911

Accounts receivable―trade21,14331,547

Real estate for sale343,532

396,807

Real estate for sale in process

471,516

474,633

Costs on uncompleted construction contracts

10,0994,367

Other inventories

1,148

870

Other current assets

63,55358,765(27)(25)

980,485

1,070,877

Buildings and structures, net

1,269,113

1,281,710

Land

3,196,133

3,148,573

Construction in progress

88,194

81,151Other property and equipment, net

14,221

15,015

4,567,663

4,526,450

Leasehold rights

68,64665,538Other intangibles

3,251

3,287

71,89868,826

Investments securities

897,913885,526

Guarantee and lease deposits

64,70564,451

Net defined benefit asset

1,362

1,309

Deferred income taxes

18,112

17,660

Other investments and other assets

48,31644,334

Allowance for doubtful accounts(1,047)(1,047)

Total investment and other assets

1,029,362

1,012,235

Total fixed assets

5,668,924

5,607,513

Allowance for doubtful accounts
Total current assets
Fixed assets:
Property and equipment

Total property and equipment
Intangibles

Total intangibles
Investment and other assets

Total assets\6,649,410\6,678,390

Millions of yen
June 30,2024Liabilities and Net Assets

March 31,2024

Current liabilities:
Notes and accounts payable―trade\15,961\35,216

Short-term debt

28,665

24,665Long-term debt due within one year

306,230

289,415

Long-term non-recourse debt due within one year

35,067

4,374

Commercial paper

128,000

113,000

Corporate bonds due within one year

90,00090,000Non-recourse bonds due within one year

3,500

－Accrued income taxes

30,512

44,729Provision for bonuses

786

4,139

203,919

243,023

842,640

848,563

Corporate bonds

230,000

270,000

Non-recourse bonds

32,10035,600

2,859,777

2,887,237

Long-term non-recourse debt

215,479

247,273

Net defined benefit liability

5,142

5,178

Guarantee and lease deposits received

261,866

258,494

Other long-term liabilities

80,01375,460Total long-term liabilities

3,684,378

3,779,244

Total liabilities

4,527,019

4,627,807

Capital122,805

122,805

Capital surplus

104,153

104,153

Retained earnings

1,606,397

1,546,549(4,480)(4,478)

1,828,876

1,769,030

276,273

268,967

Net deferred gains (losses) on hedges

9,939

7,182Foreign currency translation adjustments

6,771

4,696

Remeasurements of defined benefit plans

529

706

Total accumulated other comprehensive income

293,514281,552

Total net assets

2,122,390

2,050,582

Other current liabilities
Total current liabilities
Long-term liabilities:

Long-term debt

Net assets:
Shareholders' equity

Treasury stock
Total shareholders' equity
Accumulated other comprehensive income (loss)
Net unrealized holding gains on securities

Total liabilities and net assets\6,649,410\6,678,390

Consolidated Statements of Income
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiaries

Millions of yen
Fiscal year ended June 30,
2024

Revenue from operations\2023

315,718\253,138

Cost of revenue from operations

200,399

159,029

Gross profit

115,318

94,108Selling, general and administrative expenses

17,194

15,956

Operating income

98,12478,151

Interest and dividend income

10,244

9,336

Other non-operating income

3360

10,278

9,396

4,766

4,526

603

950

5,369

5,477

103,032

82,071－

11,61901,6192

Loss on sale of property and equipment

33－

Loss on disposal of property and equipment

311

185

00344

185

Income before income taxes

104,307

81,888

Income taxes

29,76725,007

Profit74,53956,880－－Non-operating income

Total non-operating income
Non-operating expenses
Interest expenses
Other non-operating expenses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of property and equipment
Gain on sale of investment securities
Total extraordinary income
Extraordinary loss

Other extraordinary loss
Total extraordinary loss

Profit attributable to non-controlling interests
Profit attributable to owners of parent\74,539\56,880

Consolidated Statements of Comprehensive Income
Sumitomo Realty & Development Co., Ltd. and its consolidated subsidiaries

Millions of yen
Fiscal year ended June 30,2024

Profit\2023

74,539\56,880

Other comprehensive income (loss)
Net unrealized holding gains (losses) on securities

7,305

48,878Net deferred gains (losses) on hedges

2,757(1,844)Foreign currency translation adjustments

2,075

185

Remeasurements of defined benefit plans

(176)

(7)

11,961

47,211

86,501

104,092

86,501

104,092－－

Total other comprehensive income (loss)
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Non-controlling interests