Yamaichi Estate Co., Ltd. Revises Earnings Forecast Sharply Upward — Net Profit Up 438% on Real Estate Sale
Yamaichi Estate Co., Ltd. (TSE:29840), a residential and commercial real estate developer, has revised its FY2026 (March 2026) earnings forecast sharply upward on the back of a corporate real estate disposal gain.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 17,610M | JPY 17,610M | unchanged |
| Operating Profit | JPY 951M | JPY 2,000M | +JPY 1,049M (+110.3%) |
| Ordinary Income | JPY 298M | JPY 1,250M | +JPY 952M (+319.5%) |
| Net Profit | JPY 130M | JPY 700M | +JPY 570M (+438.5%) |
| EPS | JPY 15.26 | JPY 81.06 | +JPY 65.80 |
The Q4 completion of a corporate real estate sale — announced on February 13, 2026 — generated profits well above original assumptions, driving the operating and ordinary income revisions. Revenue was left unchanged as condominium deliveries and subsidiary housing sales came in below plan.
Note that ordinary income (JPY 1,250M) remains below operating profit (JPY 2,000M), reflecting significant non-operating expenses — typical for a real estate developer with interest-bearing debt on its property portfolio. The net profit improvement of +438% is dominated by the real estate disposal gain, which is a one-time item.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.