Tosei Corporation on Oct, 05 2026 revised its guidance for the fiscal year ending Nov, 30 2026, cutting expected revenue but raising profit and dividend projections.

The real-estate group now forecasts revenue of 113,613 million Singapore dollars, down 7.6% from its earlier outlook of 122,986 million Singapore dollars. Operating profit is projected at 25,061 million Singapore dollars, up 1.8% from the previous estimate, while profit before tax is seen 3.2% higher at 22,700 million Singapore dollars. Profit attributable to owners of the parent is expected to reach 15,906 million Singapore dollars, 4.9% above the prior forecast, lifting basic earnings per share to 163.94.

On a non-consolidated basis, revenue is forecast to fall 10.4% to 70,236 million Singapore dollars. However, ordinary income is expected to climb 9.6% to 19,147 million Singapore dollars and net income to rise 13.1% to 15,645 million Singapore dollars.

Reflecting the improved profit outlook, Tosei raised its projected year-end dividend to 58 per share from 55, implying a payout ratio of 35.4%.

The company attributed the changes to solid demand in Japan’s real-estate market, stronger-than-expected performance in its Fund and Consulting and Rental businesses, and a strategic decision to shift some property sales to future periods.