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Sumitomo Realty & DevelopmentSumitomo Realty & Development Co.,Ltd.8830東証プライム不動産業FY ending Mar 2026, consolidated, J-GAAP

Sumitomo Realty & Development revenue and profit

Out of every ¥100 of sales, about ¥28 is left as operating profit. Revenue changed +4.3% from the prior year, operating profit +10.2%.

Five-year trend

Revenue¥1.06T
FY ending Mar 2022: ¥939.4B¥939.4BFY ending Mar 2023: ¥939.9B¥939.9BFY ending Mar 2024: ¥967.7B¥967.7BFY ending Mar 2025: ¥1.01T¥1.01TFY ending Mar 2026: ¥1.06T¥1.06TFY22FY23FY24FY25FY26
Operating income¥299.2B
FY ending Mar 2022: ¥233.9B¥233.9BFY ending Mar 2023: ¥241.3B¥241.3BFY ending Mar 2024: ¥254.7B¥254.7BFY ending Mar 2025: ¥271.5B¥271.5BFY ending Mar 2026: ¥299.2B¥299.2BFY22FY23FY24FY25FY26
Operating margin28.3%
FY ending Mar 2022: 24.9%24.9%FY ending Mar 2023: 25.7%25.7%FY ending Mar 2024: 26.3%26.3%FY ending Mar 2025: 26.8%26.8%FY ending Mar 2026: 28.3%28.3%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin20.1%
Asset turnover0.15×
ROA3.1%
ROA3.1%
Financial leverage3.53×
ROE10.8%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin20.1%
2022: 16.0%16.0%2023: 17.2%17.2%2024: 18.3%18.3%2025: 18.9%18.9%2026: 20.1%20.1%2223242526
Asset turnover0.15×
2022: 0.16×0.16×2023: 0.15×0.15×2024: 0.15×0.15×2025: 0.15×0.15×2026: 0.15×0.15×2223242526
ROA3.1%
2022: 2.6%2.6%2023: 2.7%2.7%2024: 2.7%2.7%2025: 2.9%2.9%2026: 3.1%3.1%2223242526
Financial leverage3.53×
2022: 3.93×3.93×2023: 3.93×3.93×2024: 3.85×3.85×2025: 3.64×3.64×2026: 3.53×3.53×2223242526
ROE10.8%
2022: 10.2%10.2%2023: 10.5%10.5%2024: 10.5%10.5%2025: 10.4%10.4%2026: 10.8%10.8%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
202216.0%0.16×2.6%3.93×10.2%
202317.2%0.15×2.7%3.93×10.5%
202418.3%0.15×2.7%3.85×10.5%
202518.9%0.15×2.9%3.64×10.4%
202620.1%0.15×3.1%3.53×10.8%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue433.2%
2021: 437.3%437.3%2022: 438.0%438.0%2023: 475.0%475.0%2024: 467.8%467.8%2025: 448.8%448.8%2026: 433.2%433.2%212223242526
PPE ÷ total assets63.8%
2021: 70.7%70.7%2022: 70.9%70.9%2023: 70.1%70.1%2024: 67.8%67.8%2025: 67.7%67.7%2026: 63.8%63.8%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

Inventory days1d
2021: 0d0d2022: 1d1d2023: 1d1d2024: 0d0d2025: 1d1d2026: 1d1d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue939,430939,904967,6921,014,2391,057,765
Cost of revenue636,988625,452635,343662,961673,667
Gross profit302,442314,452332,349351,278384,098
SG&A68,56073,17877,68279,76284,943
Operating income233,882241,274254,666271,516299,155
Pretax income218,653230,336253,263273,840303,566
Income tax68,20168,41076,09282,15891,031
Net income attributable to owners150,452161,925177,171191,681212,535
Operating margin24.9%25.7%26.3%26.8%28.3%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

1%
0%
Property, plant and equipment 64%
1%
Investment securities 15%
Other assets 19%

Funding

Interest-bearing debt 45%
Other liabilities 21%
Equity 34%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥150.3B¥184.1B¥103.1B¥98.2B¥58.3B
Total assets¥5.81T¥6.37T¥6.68T¥6.72T¥7.19T
Net assets¥1.63T¥1.8T¥2.05T¥2.17T¥2.47T
Share capital¥122.8B¥122.8B¥122.8B¥122.8B¥122.8B
Inventories¥1.16B¥1.07B¥870M¥1.25B¥1.13B
Property, plant and equipment¥4.11T¥4.46T¥4.53T¥4.55T¥4.58T
Intangible assets excluding goodwill¥64B¥63.3B¥68.8B¥72.3B¥72.9B
Investment securities¥573.5B¥628.4B¥885.5B¥842.1B¥1.12T
Current assets¥941.5B¥1.09T¥1.07T¥1.12T¥1.23T
Current liabilities¥640B¥841.5B¥848.6B¥790.1B¥934.2B
Short-term borrowings¥28.6B¥28.6B¥24.7B¥27.6B¥22.8B
Long-term borrowings¥2.67T¥2.9T¥2.89T¥2.97T¥3T
Bonds¥290B¥250B¥270B¥230B¥210B
Interest-bearing debt¥2.99Tderived¥3.18Tderived¥3.18Tderived¥3.23Tderived¥3.23Tderived
Total liabilities¥4.17T¥4.57T¥4.63T¥4.55T¥4.71T
Equity attributable to owners of parent¥1.48T¥1.62T¥1.77T¥1.91T¥2.03T
Retained earnings¥1.26T¥1.4T¥1.55T¥1.71T¥1.85T
Treasury stock-¥4.47B-¥4.48B-¥4.48B-¥20.2B-¥45.8B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第93期(2025/04/01－2026/03/31)

    ID S100YI5D2026-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第92期(2024/04/01－2025/03/31)

    ID S100W6AG2025-06-26Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第91期(2023/04/01－2024/03/31)

    ID S100U0HW2024-07-08Open

  • EDINET (FSA Japan)

    有価証券報告書－第90期(2022/04/01－2023/03/31)

    ID S100R7LP2023-06-30Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第89期(令和3年4月1日－令和4年3月31日)

    ID S100P4PT2022-09-05Open

  • EDINET (FSA Japan)

    有価証券報告書－第88期(令和2年4月1日－令和3年3月31日)

    ID S100LUUL2021-06-30Open

Extracted from XBRL: 49 / Derived from other figures: 3

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