SANKEI REAL ESTATE Inc
2972.T
Β₯101 200 0.40%
Exchange: JPX | Sector: Real Estate | Industry: REIT Office
Q2 2024
Published: Aug 31, 2024

Earnings Highlights

  • Revenue of $2.46B down 10.5% year-over-year
  • EPS of $2,369.20 decreased by 2% from previous year
  • Gross margin of 55.0%
  • Net income of 1.11B
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2972.T
Company 2972.T

Executive Summary

SANKEI REAL ESTATE Inc reported QQ2 2024 revenue of 2.461 billion JPY, down 10.5% year-over-year, with QoQ growth of 100% reflecting a stronger second fiscal quarter after a subdued Q1. Gross margin remained solid at 55.0% and operating margin at 52.6%, underscoring pricing power and cost discipline in a cyclical office real estate environment. Net income reached 1.107 billion JPY, supported by a stable operating base, and earnings per diluted share stood at 2,369.2 JPY. However, the company generated negative free cash flow of approximately -8.89 billion JPY driven by heavy capital expenditure (CAPEX) of about -10.87 billion JPY and modest dividend outlay of -1.04 billion JPY, leading to a contraction in cash and a net decrease in liquidity.

Key Performance Indicators

Revenue
Decreasing
2.46B
QoQ: 100.00% | YoY: -10.54%
Gross Profit
Decreasing
1.35B
55.02% margin
QoQ: 98.98% | YoY: -2.25%
Operating Income
Decreasing
1.29B
QoQ: 99.07% | YoY: -2.61%
Net Income
Decreasing
1.11B
QoQ: 100.00% | YoY: -2.03%
EPS
Decreasing
2.37K
QoQ: 100.00% | YoY: -2.03%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,516.42 2,450.50 +2.2% View
Q1 2025 1,258.21 1,225.25 -67.7% View
Q4 2024 2,516.42 2,450.50 +104.5% View
Q2 2024 2,461.40 2,369.20 -10.5% View