Ichigo Hotel REIT Investment, 3.0 times Increase in Ordinary Profit, Record High for The First Time in Ten Years

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Tue Sep 17, 2024 3:15 pm JST Earnings

3463 Ichigo Hotel REIT Investment

Earnings Report

Ichigo Hotel REIT Investment <3463> [TSE-REIT] announced its financial results after the market closed on September 17th (15:15). ordinary profit for the fiscal year ending July 2024 increased by 2.2% from the previous period to 996 million yen. For the fiscal year ending January 2025, the profit is expected to surge by 3.0 times the previous term, reaching 2.95 billion yenExpected to reach record high profits for the first time in ten years.

At the same time, the company increased the distribution for the previous term from 3002 yen to 3040 yen (compared to 2976 yen in the prior term), and plans to set the distribution for the current term at 9009 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	1,796	933	722	721	2,831.0	2,831	Sep 14, 2023	J-GAAP
Jan, 2024	2,282	1,250	975	974	3,064.0	2,976	Mar 15, 2024	J-GAAP
Jul, 2024	2,440	1,313	996	995	3,040.0	3,040	Sep 17, 2024	J-GAAP
YoY	+6.9%	+5.0%	+2.2%	+2.2%	-0.8%

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	2,433	1,302	984	983	3,001.6	3,002	Jul 25, 2024	J-GAAP
Jul, 2024 Results	2,440	1,313	996	995	3,040.0	3,040	Sep 17, 2024	J-GAAP
Revision Rate	+0.3%	+0.8%	+1.2%	+1.2%	+1.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	2,282	1,250	975	974	3,064.0	2,976	Mar 15, 2024	J-GAAP
Jul, 2024	2,440	1,313	996	995	3,040.0	3,040	Sep 17, 2024	J-GAAP
Jan, 2025 Guidance	4,564	3,277	2,951	2,950	9,007.9	9,009	Sep 17, 2024	J-GAAP
YoY	+87.0%	+149.6%	+196.3%	+196.5%	+196.3%

Quarterly Results