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Mitsui Fudosan Co (MTSFF)
:MTSFF
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.09Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -7.97%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted record financial performance and upward revisions to forecasts, driven by strong segment performances and strategic initiatives. While there were some challenges, such as interest expense deterioration and declines in certain subsegments, the overall outlook remains positive.Company Guidance
During the earnings call for the second quarter of fiscal year 2024, Mitsui Fudosan provided detailed guidance and insights into their performance metrics. Notably, the company set new record highs for first half revenues, operating income, ordinary income, and profit attributable to owners of the parent. They revised their full-year forecast upwards, with operating income expected to reach JPY 335 billion, up JPY 5 billion from previous guidance. Ordinary profit was adjusted to JPY 255 billion, reflecting a JPY 10 billion improvement, and profit attributable to owners of the parent was raised to JPY 215 billion, an increase of JPY 5 billion. The company also announced a JPY 2 increase in their full-year dividend per share to JPY 70, with interim and fiscal year-end dividends both increased by JPY 1. In terms of operational performance, significant gains were seen in the facility operations segment, with a notable increase in profits driven by improvements in hotel and resort ADRs and increased activity at TOKYO DOME. Additionally, overseas profits accounted for 33.4% of the total operating profit, highlighting the contribution of international ventures such as 50 Hudson Yards. The company's balance sheet showed total assets of JPY 9.5271 trillion, an increase influenced by foreign exchange impacts. Despite challenges such as a rise in interest rates affecting net interest income and expenses, Mitsui Fudosan remains optimistic in reaching their revised targets.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, marking the second consecutive year for operating profit records and the third for profit attributable to owners of the parent.
Upward Revision of Full Year Forecast
The company raised its full year operating income forecast by JPY 5 billion to JPY 335 billion, ordinary profit forecast by JPY 10 billion to JPY 255 billion, and profit attributable to owners of parent by JPY 5 billion to JPY 215 billion due to strong operating conditions and net interest improvements.
Increased Dividend Guidance
The full year dividend per share guidance was raised from JPY 68 to JPY 70, with interim and fiscal year-end dividends both increased by JPY 1.
Strong Performance in Facility Operations Segment
Facility operations segment achieved a JPY 33.9 billion revenue growth and a JPY 19 billion increase in profits year-on-year, driven by improvements in hotel and resort ADRs and increased activity at TOKYO DOME.
Leasing Segment Growth
First half operating revenues for the leasing segment increased by JPY 35 billion year-on-year, with growth driven by new openings and improved occupancy rates at existing facilities.
Strong Overseas Profit Growth
Combined overseas profits increased by JPY 23.5 billion year-on-year, largely due to property sales and leasing activities in the U.S.
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MTSFF 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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MTSFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $9.03 | $8.84 | -2.10% |
| Aug 02, 2024 | $9.65 | $8.90 | -7.77% |
| May 10, 2024 | $9.94 | $10.12 | +1.81% |
| Feb 09, 2024 | $8.89 | $8.85 | -0.45% |
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 Co (MTSFF) report earnings?
Mitsui Fudosan Co (MTSFF) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is Mitsui Fudosan Co (MTSFF) earnings time?
Mitsui Fudosan Co (MTSFF) 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 MTSFF EPS forecast?
MTSFF EPS forecast for the fiscal quarter 2024 (Q3) is 0.09.
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