Japan Real Estate Investment, 1% Decrease in Ordinary Profit for The Current Fiscal Year

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Fri Nov 15, 2024 4:00 pm JST Earnings

8952 Japan Real Estate Investment

Earnings Report

Japan Real Estate Investment <8952> [TSE-REIT] announced its financial results after the market closed on November 15th (16:00). ordinary profit for the fiscal year ending September 2024 was 1.1% from the previous period to 19.5 billion yen. However, for the fiscal year ending March 2025, the profit is nearly flat with a slight decrease of 0.6% from the previous period to 19.4 billion yen.

At the same time, the company increased the distribution for the previous term from 12100 yen to 12349 yen (compared to 12216 yen in the prior term), and plans to set the distribution for the current term at 2450 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
Sep, 2023	38,627	18,048	17,086	17,075	12,013	12,000	Nov 15, 2023	J-GAAP
Mar, 2024	41,414	20,317	19,311	18,636	13,098	12,216	May 15, 2024	J-GAAP
Sep, 2024	42,581	20,640	19,523	18,840	13,241	12,349	Nov 15, 2024	J-GAAP
YoY	+2.8%	+1.6%	+1.1%	+1.1%	+1.1%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	42,410	20,320	19,130	18,460	12,973	12,100	May 15, 2024	J-GAAP
Sep, 2024 Results	42,581	20,640	19,523	18,840	13,241	12,349	Nov 15, 2024	J-GAAP
Revision Rate	+0.4%	+1.6%	+2.1%	+2.1%	+2.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	41,414	20,317	19,311	18,636	13,098	12,216	May 15, 2024	J-GAAP
Sep, 2024	42,581	20,640	19,523	18,840	13,241	12,349	Nov 15, 2024	J-GAAP
Mar, 2025 Guidance	42,900	20,660	19,410	18,730	13,163	12,250	Nov 15, 2024	J-GAAP
YoY	+0.7%	+0.1%	-0.6%	-0.6%	-0.6%

Quarterly Results