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

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

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

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