Hulic : Notice of Revisions to Annual Performance and Dividend Forecast【SUMMARY】
October 27, 2023 at 04:12 am EDT
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October 27, 2023
Company Name:
Hulic Co.,Ltd.
Code number: 3003
Representative:
President, Representative Director
Takaya Maeda
Contact:
Managing Officer, Head of IR
Mayumi Naruse
naruse.mayumi@hulic.co.jp
Notice of Revisions to Annual Performance and Dividend Forecast【SUMMARY】
1. Revisions to the consolidated financial results forecast for FY2023 （from January 1, 2023 to December 31, 2023）
(Million yen)
Operating
Operating
Ordinary
Profit attributable
EPS
to owners of
(Net Income per Share)
Revenue
Profit
Profit
parent
(Yen)
Forecast previously
－
140,000
132,000
86,500
113.68
announced (A)
Revised forecast (B)
470,000
143,000
134,000
90,000
118.28
Change (B-A)
－
3,000
2,000
3,500
4.60
Rate of change (%)
－
2.1%
1.5%
4.0%
4.0%
(For reference)
523,424
126,147
123,222
79,150
104.00
Results for FY2022
[Reasons for the revisions]
We announce FY2023 operating revenue forecast reflecting the latest information available.
In addition to the above, we decide to make an upward revision to the annual guidance of each profit item as we sold properties which did not meet our real estate holding criteria in order to build a leasing portfolio of high-quality properties.
Accordingly, we expect to book record-high results for each profit item in FY2023.
Even this estimation depends on the best possible information we can get at this point, actual results may differ for various reasons.
2. Revisions to the dividend forecast for FY2023
(Yen)
Annual Dividends
2Q-end
Year-end
Total
Forecast previously announced
－
23.00
46.00
Revised forecast
－
25.00
48.00
Result for FY2023
23.00
－
－
Result for FY2022
20.00
22.00
42.00
[Reasons for the revisions]
As the forecast of profit attributable to owners of parent has been revised upward as mentioned above and the Company's policy is to make the appropriate shareholder return, with the target of maintaining the payout ratio above 40%, we change the forecast of year-end dividend to 25.00 yen per share. FY2023 annual dividend forecast is now revised to 48.00 yen per share, since interim dividend (23.00 yen per share) has already been paid out.
END
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Hulic Co. Ltd. published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2023 08:11:19 UTC.
Hulic Co Ltd is a Japan-based company mainly engaged in the real estate business and insurance business. It operates through two business segments. Real Estate segment has three kinds of business. The real estate leasing business manages approximately 250 rental properties (excluding real estate for sale) that are owned and managed mainly near stations in the 23 wards of Tokyo. Real estate development business is performed according to the characteristics of the property location. Asset management business is entrusted with asset management business. It also provides real estate rental, building management and cleaning business. The Insurance segment is engaged in non-life insurance agency business such as fire insurance and automobile insurance, life insurance such as fixed-term insurance and endowment insurance, and solicitation business. It is also engaged in the design, repair and construction work on owned buildings, hotel and inn management and agricultural production in Vietnam.
HULIC CO., LTD. 
