MORI HILLS REIT INVESTMENT, 5% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Sep 13, 2024 3:00 pm JST Earnings

3234 MORI HILLS REIT INVESTMENT CORPORATION

Earnings Report

MORI HILLS REIT INVESTMENT <3234> [TSE-REIT] announced its financial results after the market closed on September 13th (15:00). ordinary profit for the fiscal year ending July 2024 was 0.8% from the previous period to 6.34 billion yen. However, for the fiscal year ending January 2025, the profit is expected to decrease by 4.8% from the previous period to 6.03 billion yen.

At the same time, the company increased the distribution for the previous term from 3300 yen to 3310 yen (compared to 3282 yen in the prior term), and plans to set the distribution for the current term at 3080 yen.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2023	11,215	6,955	6,424	6,423	3,352.0	3,352	Sep 15, 2023	J-GAAP
Jan, 2024	11,176	6,803	6,291	6,289	3,282.0	3,282	Mar 15, 2024	J-GAAP
Jul, 2024	11,173	6,879	6,344	6,343	3,310.0	3,310	Sep 13, 2024	J-GAAP
YoY	0.0%	+1.1%	+0.8%	+0.9%	+0.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024 Guidance	11,171	6,860	6,324	6,323	3,299.5	3,300	Jul 3, 2024	J-GAAP
Jul, 2024 Results	11,173	6,879	6,344	6,343	3,310.0	3,310	Sep 13, 2024	J-GAAP
Revision Rate	+0.0%	+0.3%	+0.3%	+0.3%	+0.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	11,176	6,803	6,291	6,289	3,282.0	3,282	Mar 15, 2024	J-GAAP
Jul, 2024	11,173	6,879	6,344	6,343	3,310.0	3,310	Sep 13, 2024	J-GAAP
Jan, 2025 Guidance	11,072	6,643	6,039	6,038	3,150.8	3,080	Sep 13, 2024	J-GAAP
YoY	-0.9%	-3.4%	-4.8%	-4.8%	-4.8%

Quarterly Results