Nippon Hotel & Residential Investment Corporation, The Current Fiscal Year Ordinary Profit Revised Downward by 2%, Distribution Revised down by 31 yen

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Mon Nov 18, 2024 4:00 pm JST Revision

3472 Nippon Hotel & Residential Investment Corporation

Guidance Update Report

Nippon Hotel & Residential Investment Corporation <3472> [TSE-REIT] announced a revision to its performance and dividend after the market closed on November 18th (16:00). ordinary profit for the fiscal year ending November 2024 has downwardly by 1.6%, from the previous forecast of 432 million yen to 425 million yen (compared to 368 million yen in the previous period), leading to a reduction in the profit growth rate from 17.4% to 15.5%.

Due to a decline in performance, the company has reduced its planned distribution for the current fiscal year from the original plan of 1848 yen to 1817 yen (compared to 1575 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
Nov, 2024 Prev	1,291	559	432	431	1,831.3	1,848	Jul 22, 2024	J-GAAP
Nov, 2024 New	1,287	556	425	424	1,801.6	1,817	Nov 18, 2024	J-GAAP
Revision Rate	-0.3%	-0.5%	-1.6%	-1.6%	-1.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	1,202	516	342	341	1,451.0	1,464	Jan 22, 2024	J-GAAP
May, 2024	1,301	568	368	367	1,562.0	1,575	Jul 22, 2024	J-GAAP
Nov, 2024 Guidance	1,287	556	425	424	1,801.6	1,817	Nov 18, 2024	J-GAAP
YoY	-1.1%	-2.1%	+15.5%	+15.5%	+15.3%