ET 04:30

Sumitomo Realty & Development Reports 9-Month Profit Increase (9MO:TYOH)

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Sumitomo Realty & Development Co. (TYOH) reported a 23% rise in net profit for the nine months ended December 31, 2025, to 25.7 billion yen ($229 million), driven by stronger pricing and demand in its core real estate segments. The company attributed the improvement to higher rental income and gains from asset sales. Nine-month revenue reached 185.1 billion yen ($1.67 billion), reflecting robust activity in Japan's commercial and residential real estate markets.

EditorJack Lee