In the final year of the “Ninth Management Plan,” the Company’s overall performance for the six months ended September 30, 2024, was led by the office building leasing and condominium sales businesses, which achieved record-high profits. As a result, operating income, ordinary profit, and profit all reached record highs for an interim period, and the progress rate has reached approx. 60% of the full-year earnings forecast, making steady progress toward achieving a record high ordinary profit for the fourth consecutive year, as well as a record high profit for the 12th consecutive year.
Reflecting this performance, the dividend for the interim period ended September 2024 was 35 yen per share (an increase of 6 yen compared to the previous fiscal year) as planned. Additionally, the annual dividend for the fiscal 2024 is planned to be 70 yen per share (including the year-end dividend forecast of 35 yen), maintaining our progressive dividend policy of an annual dividend increase of 10 yen as announced in May 2024.

Since last year, we have announced our basic policy on “Management Strategy for Sustainable Growth” twice based on the new business environment shaped by the end of the COVID-19 pandemic and the launch of large-scale projects both in Japan and abroad. We appreciate the active inquiries and feedback from stakeholders, including investors. In order to help our stakeholders better understand our policy, which aims for steady long-term sustainable growth, rather than transient surprises, we released the “Steadily Advancing the Management Strategy for Sustainable Growth.” This release summarizes three key points: utilizing operational assets expected to steadily increase both domestically and internationally, leveraging unrealized gains from the listed stocks with diminished significance for holding, and establishing a new group management structure that positions the housing construction and real estate brokerage businesses as the areas that we intend to focus on and strengthen as we establish the “Tenth Management Plan,” starting this coming spring.

We will continue our investments for growth, primarily in the office building leasing business in Tokyo, where market conditions are improving. At the same time, in addition to the condominium sales, we will actively work to strengthen the housing-related businesses, including remodeling, custom homes, and real estate brokerage, with the aim of achieving sustainable growth of the Group as a whole.

December 2024