Japan Metropolitan Fund Investment Corporation, 24% Increase in Ordinary Profit, Record High for The First Time in Six Years

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Mon Oct 21, 2024 3:30 pm JST Earnings

8953 Japan Metropolitan Fund Investment Corporation

Earnings Report

Japan Metropolitan Fund Investment Corporation <8953> [TSE-REIT] announced its financial results after the market closed on October 21st (15:30). ordinary profit for the fiscal year ending August 2024 decreased by 2.0% from the previous period to 15.6 billion yen. For the fiscal year ending February 2025, the profit is expected to expand to 23.9% to 19.4 billion yenExpected to reach record high profits for the first time in six years.

At the same time, the company increased the distribution for the previous term from 2300 yen to 2306 yen (compared to 2270 yen in the prior term), and plans to set the distribution for the current term at 2780 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	41,405	18,054	16,052	16,051	2,296.0	2,261	Oct 19, 2023	J-GAAP
Feb, 2024	40,879	18,026	16,016	16,016	2,291.0	2,270	Apr 17, 2024	J-GAAP
Aug, 2024	40,836	17,798	15,696	15,696	2,247.0	2,306	Oct 21, 2024	J-GAAP
YoY	-0.1%	-1.3%	-2.0%	-2.0%	-1.9%

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	40,747	17,686	15,575	15,574	2,231.7	2,300	Jul 29, 2024	J-GAAP
Aug, 2024 Results	40,836	17,798	15,696	15,696	2,247.0	2,306	Oct 21, 2024	J-GAAP
Revision Rate	+0.2%	+0.6%	+0.8%	+0.8%	+0.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	40,879	18,026	16,016	16,016	2,291.0	2,270	Apr 17, 2024	J-GAAP
Aug, 2024	40,836	17,798	15,696	15,696	2,247.0	2,306	Oct 21, 2024	J-GAAP
Feb, 2025 Guidance	45,747	21,747	19,455	19,454	2,704.7	2,780	Oct 21, 2024	J-GAAP
YoY	+12.0%	+22.2%	+23.9%	+23.9%	+20.4%

Quarterly Results