Central General Development Co., Ltd. Revises Earnings & Dividend — Revenue Cut 16.5%, Net Profit Down 82.0%
Central General Development Co., Ltd. (TSE:32380) has revised its earnings and dividend forecast for the fiscal year ending March 2026, citing slower-than-expected progress in real estate sales and rising costs.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 46,000mn | JPY 38,400mn | -JPY 7,600mn (-16.5%) |
| Operating Profit | JPY 1,500mn | JPY 800mn | -JPY 700mn (-46.7%) |
| Ordinary Income | JPY 800mn | JPY 200mn | -JPY 600mn (-75.0%) |
| Net Profit | JPY 500mn | JPY 90mn | -JPY 410mn (-82.0%) |
| EPS | JPY 52.13 per share | JPY 9.36 per share | -JPY 42.77 per share (-82.0%) |
| Annual Dividend | JPY 16.00 per share | JPY 3.00 per share | -JPY 13.00 per share (-81.3%) |
The company cited delays in the progress of housing sales contracts and higher construction costs and inflation as key factors behind the downward revision. These factors have led to slower-than-expected delivery of units and a more cautious buyer mindset.
The significant downward revision to earnings and dividend reflects a challenging environment for the real estate sector, with Central General Development Co., Ltd. adjusting its guidance to align with current market conditions. Investors should monitor the company’s ability to navigate these challenges and its potential for recovery in future periods.
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.