The market responded positively to Kasumigaseki Capital's upward revision to its forecast for the fiscal year ending August 2026, announced the previous day, sending its share price sharply higher. Development projects are reportedly progressing smoothly, driven by factors including higher project revenue and earlier asset sales, particularly in the hotel business.
Kasumigaseki Capital's share price rose sharply. The company had announced an upward revision to its forecast for the fiscal year ending August 2026 the previous day, attracting investor attention.
Under the new outlook, operating profit was raised from ¥26.5 billion to ¥27.6 billion. This also represents a substantial increase from the previous fiscal year.
The upward revision was attributed mainly to development projects progressing more smoothly than expected, including higher project revenue and earlier asset sales, particularly in the hotel business.
The market reaction was predominantly positive. The consensus forecast was reportedly at the same level as the company's previous guidance. In light of the decline in earnings through the third quarter, the upward revision was seen as a positive development.