Ichigo Hotel REIT Investment, The Current Fiscal Year Ordinary Profit Revised Upward by 7%, Exceeded record profit forecast, Distribution Revised Upward by 662 yen

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Thu Oct 31, 2024 3:00 pm JST Revision

3463 Ichigo Hotel REIT Investment

Guidance Update Report

Ichigo Hotel REIT Investment <3463> [TSE-REIT] announced a revision to its performance and dividend after the market closed on October 31st (15:00). ordinary profit for the fiscal year ending January 2025 has been revised upward by 7.3%, from the previous forecast of 2.95 billion yen to 3.16 billion yen (compared to 996 million yen in the previous period), increasing the growth rate from 3.0 times to 3.2 times. The company has further increased its previous forecast of record profits for the first time in ten years.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 9009 yen to 9671 yen (compared to 3040 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
Jan, 2025 Prev	4,564	3,277	2,951	2,950	9,007.9	9,009	Sep 17, 2024	J-GAAP
Jan, 2025 New	4,812	3,494	3,167	3,167	9,670.6	9,671	Oct 31, 2024	J-GAAP
Revision Rate	+5.4%	+6.6%	+7.3%	+7.4%	+7.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2024	2,282	1,250	975	974	3,064.0	2,976	Mar 15, 2024	J-GAAP
Jul, 2024	2,440	1,313	996	995	3,040.0	3,040	Sep 17, 2024	J-GAAP
Jan, 2025 Guidance	4,812	3,494	3,167	3,167	9,670.6	9,671	Oct 31, 2024	J-GAAP
YoY	+97.2%	+166.1%	+218.0%	+218.3%	+218.1%