Fukuoka REIT, 17% Increase in Ordinary Profit for The Current Fiscal Year

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Fri Oct 18, 2024 3:00 pm JST Earnings

8968 Fukuoka REIT

Earnings Report

Fukuoka REIT <8968> [TSE-REIT] announced its financial results after the market closed on October 18th (15:00). ordinary profit for the fiscal year ending August 2024 increased by 6.4% from the previous period to 3.22 billion yen. For the fiscal year ending February 2025, the profit is expected to grow by 17.2% to 3.78 billion yen.

At the same time, the company plans to set the distribution for the current term at 3900 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	9,284	3,372	2,988	2,987	3,752.0	3,753	Oct 18, 2023	J-GAAP
Feb, 2024	9,326	3,462	3,031	3,030	3,806.0	3,807	Apr 16, 2024	J-GAAP
Aug, 2024	9,652	3,664	3,225	3,223	4,049.0	3,850	Oct 18, 2024	J-GAAP
YoY	+3.5%	+5.8%	+6.4%	+6.4%	+6.4%

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	9,619	3,650	3,206	3,205	4,026.4	3,850	Aug 28, 2024	J-GAAP
Aug, 2024 Results	9,652	3,664	3,225	3,223	4,049.0	3,850	Oct 18, 2024	J-GAAP
Revision Rate	+0.3%	+0.4%	+0.6%	+0.6%	+0.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	9,326	3,462	3,031	3,030	3,806.0	3,807	Apr 16, 2024	J-GAAP
Aug, 2024	9,652	3,664	3,225	3,223	4,049.0	3,850	Oct 18, 2024	J-GAAP
Feb, 2025 Guidance	10,203	4,234	3,780	3,779	4,333.7	3,900	Oct 18, 2024	J-GAAP
YoY	+5.7%	+15.6%	+17.2%	+17.3%	+7.0%

Quarterly Results