Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Construction In Progress : $1,505 Mil (As of Dec. 2023)

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What is Sumitomo Realty & Development Co Construction In Progress?

Sumitomo Realty & Development Co's quarterly construction in progress declined from Jun. 2023 ($1,434 Mil) to Sep. 2023 ($1,376 Mil) but then increased from Sep. 2023 ($1,376 Mil) to Dec. 2023 ($1,505 Mil).

Sumitomo Realty & Development Co's annual construction in progress declined from Mar. 2022 ($1,744 Mil) to Mar. 2023 ($1,449 Mil) and declined from Mar. 2023 ($1,449 Mil) to Mar. 2024 ($972 Mil).

Sumitomo Realty & Development Co Construction In Progress Historical Data

The historical data trend for Sumitomo Realty & Development Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sumitomo Realty & Development Co Construction In Progress Chart

Sumitomo Realty & Development Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Construction In Progress

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1,893.68

1,624.60

1,744.45

1,448.66

971.86

Sumitomo Realty & Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															1,448.66	1,434.32	1,375.65	1,504.58	971.86

Sumitomo Realty & Development Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Business Description

Industry

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Traded in Other Exchanges

8830:Japan

Address

Shinjuku NS Building, 4-1, Nishi-Shinjuku 2-chome, Shinjuku-ku, Tokyo, JPN, 163-0820

Website

http://www.sumitomo-rd.co.jp

Sumitomo Realty & Development is one of the three big Japanese real estate companies. Unlike Mitsubishi Estate in Marunouchi or Mitsui Fudosan in Nihonbashi, it did not inherit a cluster of prime properties from its prewar predecessor, so Sumitomo Realty has built up a portfolio dispersed across central Tokyo (not just in the main business districts) 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. The firm is slightly smaller than Mitsubishi Estate and Mitsui Fudosan by assets and has more financial leverage than they do.

Sumitomo Realty & Development Co (Sumitomo Realty & Development Co) Headlines

From GuruFocus

Unveiling the Dividend Potential of Sumitomo Realty & Development Co Ltd

By GuruFocus Research • 09-28-2023