Sumitomo Realty & Development Co., Ltd. Overview
Pro stress-test →Sumitomo Realty & Development is one of the three big Japanese real estate companies. It operates through real estate rental (development, leasing and management of office buildings and residences), real estate sales (development and sale of condominiums and houses), completed construction, real estate distribution and other segments.
Strategic Profile
Pro stress-test →Sumitomo Realty has built up a portfolio dispersed across central Tokyo by opportunistically redeveloping plots of land acquired piecemeal. After office leasing, condo development is a relatively important business for Sumitomo Realty, contributing close to one fourth of its operating profit.
Competitive Landscape
Pro stress-test →Sumitomo competes against Mitsubishi Estate (concentrated in Marunouchi) and Mitsui Fudosan (concentrated in Nihonbashi), Japan's other two major real estate developers. Sumitomo's dispersed portfolio strategy differentiates it from competitors with concentrated prime property clusters.
Industry Context
Sumitomo Realty & Development Co., Ltd. operates in Real Estate Development & Leasing (Residential, Commercial, Office).
Key facts
Founded: 1949 · Headquarters: Tokyo, Japan · Employees: 13,844 · Revenue: ¥238-243B per quarter · Market cap: ¥4.5-4.9T (~$30-33B USD equivalent)