Results for the Second Quarter of Fiscal 2021

(Billions of yen)

*Announced on May 13, 2021

As a member of the Sumitomo Group with a history of more than 400 years, we have traditionally been practicing Sustainability Management focusing on ESG. Our initiatives in our mainstay businesses, such as the redevelopment of central Tokyo and Shinchiku Sokkurisan remodeling contribute not only to economic value in terms of business performance but also to the realization of a sustainable society by addressing issues like disaster prevention and the environment. Therefore, pursuing our businesses in itself contributes to ESG.
In July, we established the ESG Promotion Office to further accelerate our disclosure of these initiatives. We will continue to contribute to solving a variety of social issues, such as those concerning the environment, including climate-change countermeasures.

In Japan, COVID-19 case numbers have decreased, prompting heightened expectations of economic normalization. However, the outlook remains unclear, with increasing concern about the prospect of a sixth wave of infections. Going forward, as we monitor developments during the COVID-19 pandemic and in the post-pandemic era, we will make further efforts to improve our corporate value through sustainable growth.

Progress of the Eighth Management Plan

The Company has been operating under the Eighth Management Plan since April 2019. Despite the record-high results for the seventh consecutive year in the fiscal 2019, the first year of the plan, declines in revenue and profit were unavoidable due to the impact of COVID-19 in the fiscal 2020, the second year of the plan. The table below shows the forecasts for the fiscal 2021, current and the final year of the Plan, and the 3-year cumulative 8th Plan forecasts. Although we will not reach the initial targets for the Eighth Plan, which were formulated before the COVID-19 pandemic, operating income and ordinary profit are expected to exceed by 10-20%, compared to the Seventh Plan, which marked a record-high results.
We will strive to steadily achieve our forecasts for current fiscal year so that we will be able to reach record-high profits for the third consecutive management plan, from the Sixth Management Plan through to the Eighth.

(Billions of yen)

*Announced on May 16, 2019

(Reference)

Cash Dividend per Share

(Yen)