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Revision of earnings forecasts3299MUGEN ESTATE Co.,Ltd.Real Estate

Notice Regarding Revisions to Earnings Forecasts and Dividend Forecast

The full-year consolidated earnings forecast for the fiscal year ending December 2026 has been revised downward to net sales of ¥61,599 million and net income attributable to owners of the parent of ¥4,770 million, among other figures. In addition, the year-end dividend forecast has been reduced from ¥78.00 to ¥52.00 per share, resulting in an annual dividend forecast of ¥104.00 per share.

Worth reading
74In focus
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Direction
Deterioration
Direction inferred from the company’s description.
Scale
-37.2
%
Wording
Avoiding a definitive answer
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Revised forecast

Fiscal year ending December 2026 · Full yearPrevious forecast published Announced on 13 February 2026
Net Sales79,286→61,599million
-22.3%
Operating profit12,398→8,588million
-30.7%
Ordinary income11,058→7,237million
-34.6%
Profit attributable to owners of the parent7,595→4,770million
-37.2%
Net income per share323.42→202.58yen and sen
-37.4%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Consolidated results are expected to fall below the previously announced forecast because demand from overseas investors in the real estate purchase-and-resale business declined and sales of large properties remained sluggish.

Previous-period resultsFiscal year ended December 2025: net sales of ¥68,262 million, operating profit of ¥11,049 million, ordinary income of ¥9,951 million, net income attributable to owners of the parent of ¥6,659 million, and basic earnings per share of ¥285.15
Dividend forecast revisionThe year-end dividend per share has been reduced by ¥26.00 and revised to ¥52.00. The annual dividend will be ¥104.00 per share, comprising an interim dividend of ¥52.00 and a year-end dividend of ¥52.00.
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥79,286 million → ¥61,599 million(-22.3%)
Operating profit¥12,398 million → ¥8,588 million(-30.7%)
Ordinary income¥11,058 million → ¥7,237 million(-34.6%)
Profit attributable to owners of the parent¥7,595 million → ¥4,770 million(-37.2%)
Net income per share323.42 yen and sen → 202.58 yen and sen
Fiscal Period CoveredFiscal year ending December 2026
Period CoveredFull year
Publication date of previous forecastAnnounced on 13 February 2026
Previous-period resultsFiscal year ended December 2025: net sales of ¥68,262 million, operating profit of ¥11,049 million, ordinary income of ¥9,951 million, net income attributable to owners of the parent of ¥6,659 million, and basic earnings per share of ¥285.15
Reason for the revisionConsolidated results are expected to fall below the previously announced forecast because demand from overseas investors in the real estate purchase-and-resale business declined and sales of large properties remained sluggish.
Dividend forecast revisionThe year-end dividend per share has been reduced by ¥26.00 and revised to ¥52.00. The annual dividend will be ¥104.00 per share, comprising an interim dividend of ¥52.00 and a year-end dividend of ¥52.00.
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Details and amount of extraordinary loss

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Demand from overseas investors in the core real estate purchase-and-resale business declined, and sales of large properties remained sluggish, so consolidated results are expected to fall below the previous forecast. The dividend was reduced in light of the revision to the full-year earnings forecast.

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Notice Regarding Revisions to Earnings Forecasts and Dividend Forecast | MUGEN ESTATE Co.,Ltd. (3299) timely disclosure | Komori