Earnings quality
Compare earnings and operating cash flow for earnings quality.
Sumitomo Realty & Development Co., Ltd.
Ticker 8830 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-24 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 28.3%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin28.3%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
住友不動産株式会社 is a Japanese listed company. Its reportable segments include Housing, Real Estate Leasing, Real Estate Selling, Step.
- Housing
- Real Estate Leasing
- Real Estate Selling
- Step
- Other
- Description Of
- Disclosure Of Changes In
- Explanation Of Measurements Of Sales Profit Loss Asset Liability And Other Items For Each
Segments Housing · Real Estate Leasing · Real Estate Selling · Step · Other · Description Of
Compare trends
No phone/email found in this filing · Filing date 2026-06-24
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥1.0T | ¥1.1T |
| Cost of sales* | ¥663.0B | ¥673.7B |
| Gross profit | ¥351.3B | ¥384.1B |
| Operating profit (loss) | ¥271.5B | ¥299.2B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥82.2B | ¥91.0B |
| Profit (loss) | ¥191.7B | ¥212.5B |
| Profit (loss) attributable to owners | ¥191.7B | ¥212.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥98.2B | ¥58.3B |
| Current assets | ¥1.1T | ¥1.2T |
| Non-current assets | ¥5.6T | ¥6.0T |
| Total assets | ¥6.7T | ¥7.2T |
| Short-term borrowings | ¥27.6B | ¥22.8B |
| Current liabilities | ¥790.1B | ¥934.2B |
| Non-current liabilities* | ¥3.8T | ¥3.8T |
| Total liabilities | ¥4.6T | ¥4.7T |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥253.2B | ¥127.3B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥116.8B | -¥12.8B |
| Net increase (decrease) in cash | -¥4.9B | -¥40.0B |
| Cash at end of period | ¥98.2B | ¥58.3B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥939.4B | ¥939.9B | ¥967.7B | ¥1.0T | ¥1.1T | |
| Operating profit | ¥225.1B | ¥236.7B | ¥253.1B | ¥268.3B | ¥289.2B | |
| Profit to owners | — | — | — | ¥191.7B | ¥212.5B | |
| Total assets | ¥5.8T | ¥6.4T | ¥6.7T | ¥6.7T | ¥7.2T | |
| Cash & equivalents | — | — | ¥103.1B | ¥98.2B | ¥58.3B | |
| Owners’ equity | ¥1.6T | ¥1.8T | ¥2.1T | ¥2.2T | ¥2.5T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥1.0T to ¥1.1T (▲ +4.3%), so the top line did not break. Gross profit only slipped from ¥351.3B to ¥384.1B, while operating profit swung from ¥271.5B to ¥299.2B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥127.3B (prior ¥253.2B), and cash on the balance sheet rose to ¥58.3B from ¥98.2B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥4.7T while owners’ equity fell to —. ROE moved from 9.1% to 9.2%, and the equity ratio from 32.3% to 34.4%. Employee count is 14,116 vs 13,844 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YI5D
(住友不動産株式会社), period end 2026-03-31.