Nov, 05 2025 — Tosei Corporation (S2D) said it has raised its profit and dividend projections for the financial year ending Nov, 30 2025, even as it trimmed its revenue target after rescheduling some property sales to later periods.

The developer now expects consolidated revenue of 95,026 million Singapore dollars, down 3.2 % from the earlier guidance issued on Jul, 07 2025. Operating profit is forecast to rise 2.0 % to 22,040 million Singapore dollars, while profit attributable to owners of the parent is projected to increase 2.8 % to 14,484 million Singapore dollars.

On a non-consolidated basis, revenue is seen at 56,779 million Singapore dollars, 3.9 % below the previous guidance, but ordinary income is forecast to climb 1.9 % to 15,405 million Singapore dollars and net income to improve 2.0 % to 12,642 million Singapore dollars.

Citing the stronger earnings outlook, the company lifted its projected year-end dividend to 100 Singapore cents per share, up from the prior forecast of 98 Singapore cents. The revised payout implies a dividend payout ratio of 33.5 %.

Tosei said the revisions reflect delayed sales in its Revitalization Business, stronger-than-expected sales of pre-owned condominium units, and higher rental and hotel income.

The forecasts are based on information available as of today and actual results may differ, the company added.