TOKYU REIT, 1% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Sep 13, 2024 3:00 pm JST Earnings

8957 TOKYU REIT

Earnings Report

TOKYU REIT <8957> [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 7.7% from the previous period to 4.75 billion yen. However, for the fiscal year ending January 2025, the profit is nearly flat with a slight decrease of 0.9% from the previous period to 4.7 billion yen.

At the same time, the company plans to set the distribution for the current term at 3800 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	8,924	4,682	4,261	4,260	4,357.0	3,750	Sep 14, 2023	J-GAAP
Jan, 2024	8,962	4,843	4,411	4,410	4,511.0	3,750	Mar 15, 2024	J-GAAP
Jul, 2024	9,667	5,184	4,751	4,750	4,859.0	3,800	Sep 13, 2024	J-GAAP
YoY	+7.9%	+7.0%	+7.7%	+7.7%	+7.7%

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	9,696	5,166	4,731	4,730	4,838.4	3,800	Jul 12, 2024	J-GAAP
Jul, 2024 Results	9,667	5,184	4,751	4,750	4,859.0	3,800	Sep 13, 2024	J-GAAP
Revision Rate	-0.3%	+0.3%	+0.4%	+0.4%	+0.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	8,962	4,843	4,411	4,410	4,511.0	3,750	Mar 15, 2024	J-GAAP
Jul, 2024	9,667	5,184	4,751	4,750	4,859.0	3,800	Sep 13, 2024	J-GAAP
Jan, 2025 Guidance	9,712	5,171	4,708	4,707	4,814.9	3,800	Sep 13, 2024	J-GAAP
YoY	+0.5%	-0.3%	-0.9%	-0.9%	-0.9%

Quarterly Results