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

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).

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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

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%

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