Sumitomo Realty & Development Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the company reported revenue from operations of JPY 266,577 million compared with JPY 176,205 million for the same period a year ago. Operating income was JPY 53,401 million compared with JPY 41,265 million for the same period a year ago. Ordinary income was JPY 50,140 million compared with JPY 36,841 million for the same period a year ago. Profit attributable to owners of parent was JPY 33,169 million or JPY 69.98 per share compared with JPY 23,736 million or JPY 50.08 per share for the same period a year ago.

The company provided dividend guidance for the full year of fiscal 2017. The company plans to pay an interim dividend of JPY 11.00 per share and a final dividend of JPY 12.00 per share for the full year of fiscal 2017.

The company provided earnings guidance for the full year of 2017. For the full year, the company expects to report revenue from operations of JPY 880,000 million, operating income of JPY 178,000 million, ordinary income of JPY 155,000 million and profit attributable to owners of parent of JPY 97,000 million.