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Japan Prime Realty Investment, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 16% Increase, Highest in Five Terms, Distribution Revised Upward by 200 yen

Fri Oct 18, 2024 3:00 pm JST Revision

8955 Japan Prime Realty Investment

Guidance Update Report

Japan Prime Realty Investment <8955> [TSE-REIT] announced a revision to its performance and dividend after the market closed on October 18th (15:00). ordinary profit for the fiscal year ending December 2024 has been revised upward by 16.4%, from the previous forecast of 7.5 billion yen to 8.73 billion yen (compared to 7.53 billion yen in the previous period), reaches new record high for the first time in five terms, turning to a 16.0% increase in ordinary profit outlook.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 7700 yen to 7900 yen (compared to 7600 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 18,207 8,427 7,500 7,499 1,880.1 1,925 Aug 16, 2024 J-GAAP
Dec, 2024 New 19,520 9,662 8,733 8,732 2,189.2 1,975 Oct 18, 2024 J-GAAP
Revision Rate +7.2% +14.7% +16.4% +16.4% +16.4%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 17,411 8,151 7,357 7,356 1,844.3 1,900 Feb 16, 2024 J-GAAP
Jun, 2024 17,644 8,354 7,531 7,530 1,887.8 1,900 Aug 16, 2024 J-GAAP
Dec, 2024 Guidance 19,520 9,662 8,733 8,732 2,189.2 1,975 Oct 18, 2024 J-GAAP
YoY +10.6% +15.7% +16.0% +16.0% +16.0%

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