NIPPON REIT Investment, The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Distribution Revised Upward by 579 yen

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Thu Sep 26, 2024 4:15 pm JST Revision

3296 NIPPON REIT Investment

Guidance Update Report

NIPPON REIT Investment <3296> [TSE-REIT] announced a revision to its performance and dividend after the market closed on September 26th (16:15). ordinary profit for the fiscal year ending December 2024 has been revised upward by 6.5%, from the previous forecast of 4.47 billion yen to 4.76 billion yen (compared to 4.77 billion yen in the previous period), and the declining rate is expected to decrease from 6.3% to 0.3%.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 8965 yen to 9544 yen (compared to 9570 yen in the previous period).

Kabutan News

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	9,462	5,253	4,472	4,472	10,115	8,965	Aug 15, 2024	J-GAAP
Dec, 2024 New	9,859	5,538	4,761	4,761	10,769	9,544	Sep 26, 2024	J-GAAP
Revision Rate	+4.2%	+5.4%	+6.5%	+6.5%	+6.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	8,828	4,705	3,984	3,983	8,854.0	8,854	Feb 19, 2024	J-GAAP
Jun, 2024	9,865	5,499	4,774	4,773	10,610	9,570	Aug 15, 2024	J-GAAP
Dec, 2024 Guidance	9,859	5,538	4,761	4,761	10,769	9,544	Sep 26, 2024	J-GAAP
YoY	-0.1%	+0.7%	-0.3%	-0.3%	+1.5%