One REIT, 14% Increase in Ordinary Profit for The Current Fiscal Year

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Tue Oct 15, 2024 4:00 pm JST Earnings

3290 One REIT

Earnings Report

One REIT <3290> [TSE-REIT] announced its financial results after the market closed on October 15th (16:00). ordinary profit for the fiscal year ending August 2024 increased by 2.1% from the previous period to 1.83 billion yen. For the fiscal year ending February 2025, the profit is expected to grow by 14.0% to 2.09 billion yen.

At the same time, the company increased the distribution for the previous term from 6720 yen to 6835 yen (compared to 6691 yen in the prior term), and plans to set the distribution for the current term at 7020 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
Aug, 2023	4,636	2,147	1,832	1,831	6,821.0	6,821	Oct 16, 2023	J-GAAP
Feb, 2024	4,575	2,131	1,797	1,796	6,691.0	6,691	Apr 15, 2024	J-GAAP
Aug, 2024	4,658	2,178	1,835	1,835	6,835.0	6,835	Oct 15, 2024	J-GAAP
YoY	+1.8%	+2.2%	+2.1%	+2.2%	+2.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	4,644	2,151	1,805	1,804	6,719.6	6,720	Apr 15, 2024	J-GAAP
Aug, 2024 Results	4,658	2,178	1,835	1,835	6,835.0	6,835	Oct 15, 2024	J-GAAP
Revision Rate	+0.3%	+1.3%	+1.7%	+1.7%	+1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	4,575	2,131	1,797	1,796	6,691.0	6,691	Apr 15, 2024	J-GAAP
Aug, 2024	4,658	2,178	1,835	1,835	6,835.0	6,835	Oct 15, 2024	J-GAAP
Feb, 2025 Guidance	4,974	2,466	2,092	2,091	7,788.6	7,020	Oct 15, 2024	J-GAAP
YoY	+6.8%	+13.2%	+14.0%	+14.0%	+14.0%

Quarterly Results