ESCON JAPAN REIT Investment Corporation, 1% Increase in Ordinary Profit for The Current Fiscal Year

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Fri Sep 13, 2024 3:00 pm JST Earnings

2971 ESCON JAPAN REIT Investment Corporation

Earnings Report

ESCON JAPAN REIT Investment Corporation <2971> [TSE-REIT] announced its financial results after the market closed on September 13th (15:00). ordinary profit for the fiscal year ending July 2024 increased by 3.0% from the previous period to 1.17 billion yen. For the fiscal year ending January 2025, the profit is expected to grow by 1.2% to 1.18 billion yen.

At the same time, the company increased the distribution for the previous term from 3193 yen to 3242 yen (compared to 3227 yen in the prior term), and plans to set the distribution for the current term at 3280 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	2,497	1,255	1,140	1,139	3,239.0	3,238	Sep 14, 2023	J-GAAP
Jan, 2024	2,444	1,274	1,136	1,135	3,227.0	3,227	Mar 15, 2024	J-GAAP
Jul, 2024	3,049	1,312	1,170	1,169	3,299.0	3,242	Sep 13, 2024	J-GAAP
YoY	+24.8%	+3.0%	+3.0%	+3.0%	+2.2%

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	3,068	1,296	1,152	1,151	3,191.3	3,193	May 31, 2024	J-GAAP
Jul, 2024 Results	3,049	1,312	1,170	1,169	3,299.0	3,242	Sep 13, 2024	J-GAAP
Revision Rate	-0.6%	+1.2%	+1.6%	+1.6%	+3.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	2,444	1,274	1,136	1,135	3,227.0	3,227	Mar 15, 2024	J-GAAP
Jul, 2024	3,049	1,312	1,170	1,169	3,299.0	3,242	Sep 13, 2024	J-GAAP
Jan, 2025 Guidance	2,803	1,376	1,184	1,183	3,280.0	3,280	Sep 13, 2024	J-GAAP
YoY	-8.1%	+4.9%	+1.2%	+1.2%	-0.6%

Quarterly Results