Real Estate Worth $165 Billion Puts Japan Companies in Spotlight

BNN BloombergNov 28, 2024 05:00

Wada Kousan Research Memo (9): Aiming to achieve a dividend payout ratio of 30% in the medium-term management plan.

■Shareholder return strategy Wadakoso Co., Ltd. <8931> is implementing dividends as a shareholder return strategy. The basic policy of dividends is positioned as an important management goal to maintain and expand the long-term interests of shareholders, considering returning to shareholders as the first priority, while aiming to improve profitability through business area expansion and efficient management, and strengthen governance. Efforts are being made to continue stable dividends. Regarding dividends per share, for the fiscal year ending February 2024, interim dividends are 26.0 yen, year-end dividends are 34.0 yen (including a commemorative dividend of 2.0 yen), totaling 60.

Fisco JapanNov 19, 2024 14:09

Wada Koso Research Memo (6): For the fiscal year ending February 2025, with the increase in profits at each stage, the profit margin is expected to rise.

In the business environment of the fiscal year ending in February 2025, the macro environment has been transitioning to an inflationary trend due to the end of deflation sustained for a long time, triggered by the depreciation of the yen leading to price increases and improvement in income situations, with the recovery of service consumption and inbound demand following the resolution of the COVID-19 pandemic. Although corporate performance is progressing well, concerns remain about future interest rate trends such as the Bank of Japan lifting the negative interest rates.

Fisco JapanNov 19, 2024 14:06

Wada Industries Research Memo (5): The increase in inventory assets contributes to performance in the next 2-3 periods.

■ Wada Kousan <8931> Performance Trends 3. Financial Situation and Management Indicators. Looking at the financial situation at the end of the interim period for the fiscal year ending February 2025, total assets increased by 4,205 million yen from the previous fiscal year, reaching 105,433 million yen. Current assets increased by 3,178 million yen, totaling 75,559 million yen. The main factors were an increase in inventory assets (real estate held for sale) of 4,558 million yen due to the acquisition of business land and progress in construction from the next term onwards, and a decrease in cash and deposits by 1,470 million yen. Real estate held for sale is...

Fisco JapanNov 19, 2024 14:05

Wada Koso Research Memo (4): In the interim period of February 2025, there was a decrease in revenue and profit compared to the same period last year, but it significantly exceeded the initial financial estimates.

■ Wada Kōsan <8931> Performance Trends 1. Overview of Performance for the First Half of the Fiscal Year Ending February 2025 In the first half of the fiscal year ending February 2025, the Japanese economy shows signs of recovery in economic activity due to an increase in inbound demand and improved income conditions leading to an increase in service consumption, but the situation remains uncertain due to soaring resource prices caused by unstable international conditions and rising prices associated with rapid volatility in currency exchange rates. In the real estate industry, the continuation of government support measures for residence acquisition and mortgage interest rates.

Fisco JapanNov 19, 2024 14:04

Wada Kousan Research Memo (2): A comprehensive a-reit etf company with a proud 125-year history and extremely high recognition in the local community.

■Company Overview 1. Company Overview Wata Kousan <8931> is a comprehensive real estate company with a long history of 125 years since its founding in 1899, mainly engaged in real estate sales (development and sales of condominiums, detached houses, and land, etc.) and leasing and other businesses (leasing and management of condominiums, stores, and parking lots). The company operates mainly in Kobe City, Akashi City, and the Hanshin area, which are one of Japan's leading residential areas. Particularly in Kobe City, where the headquarters is located, the company has achieved a high number of condominium sales (based on the number of units).

Fisco JapanNov 19, 2024 14:02