Source disclosure: January 30, 2026

HEIWA REAL ESTATE CO.,LTD. [8803.T]

TOKYO, Jan 30 (Pulse News Wire) -- HEIWA REAL ESTATE CO., LTD. (8803.T), led by President and CEO Jimoto Kiyoshi, announced on Monday an upward revision to its numerical targets within its mid-term business plan "WAY 2040 Stage1," which covers fiscal years 2024 through 2026. The company originally outlined this strategy on April 30, 2024, and has since been working towards achieving these goals. Based on progress made so far, HEIWA REAL ESTATE is now revising its final year's numerical plans as follows:

For the fiscal year ending March 2027, earnings per share (EPS) have been revised upwards from an initial forecast of ¥135 or more to ¥160 or more. Additionally, consolidated operating income was initially set at ¥140 billion or more but has been raised to ¥150 billion or more. This includes an increase in the building business segment from ¥138 billion to ¥148 billion, while asset management operations are expected to contribute ¥27 billion, up from the previous estimate of ¥24 billion. Return on equity (ROE) remains unchanged at over 8%, and annual dividend per share is now projected to be ¥95 or more, compared to the earlier projection of ¥90 or more. Notably, ordinary dividends will rise from ¥75 or more to ¥80 or more, with special dividends remaining at ¥15 each.

The revisions come after the company implemented a stock split ratio of two new shares for every one held, effective July 1, 2025. Adjusted figures reflect this change.

HEIWA REAL ESTATE attributes the improved outlook primarily to enhanced performance in office and hotel businesses under its building division, along withincreased revenue from asset management activities. These positive trends were first highlighted when the firm updated its financial forecasts and dividend expectations last January 31, 2025. As a result of ongoing efforts to reduce holdings in policy stocks and improve capital efficiency, the company anticipates that such favorable results will continue into the next fiscal period.

It should be noted that while these projections are based on current information and reasonable assumptions, they do not guarantee future outcomes. Actual performance may vary significantly due to changes in market conditions and other factors.