Keihanshin Building Lifts Net Profit Forecast 42.9% on Asset Sale
Keihanshin Building Co., Ltd. (TSE:8818) has revised its earnings forecast for the fiscal year ending March 2027, raising net profit guidance while lowering ordinary income projections due to timing shifts in overseas real estate development costs and a planned asset sale.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 20.5bn | JPY 20.5bn | +0.0% |
| Operating Profit | JPY 5.50bn | JPY 5.50bn | +0.0% |
| Ordinary Income | JPY 4.90bn | JPY 4.50bn | -8.2% |
| 親会社株主に帰属する当期純利益 | JPY 4.90bn | JPY 7.00bn | +42.9% |
| １株当たり当期純利益 | JPY 51M | JPY 73M | +42.9% |
| （参考）償却前事業利益 | JPY 10.4bn | JPY 14.5bn | +39.4% |
The company cited accelerated progress in overseas property development leasing activities, which will push forward related expenses originally scheduled for future periods, reducing ordinary income (keijo rieki) by JPY 400M to JPY 4.50bn. However, the planned sale of the Shijo Kawaramachi Building in Kyoto during the second quarter is expected to generate a fixed asset sale gain of approximately JPY 5.9bn, significantly boosting net profit to JPY 7.00bn.
The revision reflects Keihanshin Building’s strategic shift toward asset monetization and capital redeployment. While core operational profitability remains flat, the one-time gain from the Kyoto property sale will substantially enhance bottom-line results. Earnings per share are projected to rise to JPY 73.37/share from JPY 51.36/share. The company continues to balance its traditional real estate leasing operations with selective asset sales to fund growth initiatives, though investors should note that the elevated net profit guidance is partially driven by non-recurring gains rather than operational improvements.
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.