Daiwa Securities Living Investment Corporation, 9% Decrease in Ordinary Profit for The Current Fiscal Year

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Wed Nov 20, 2024 3:30 pm JST Earnings

8986 Daiwa Securities Living Investment Corporation

Earnings Report

Daiwa Securities Living Investment Corporation <8986> [TSE-REIT] announced its financial results after the market closed on November 20th (15:30). ordinary profit for the fiscal year ending September 2024 increased by 6.7% from the previous period to 6.2 billion yen. However, for the fiscal year ending March 2025, the profit is expected to decrease by 9.2% from the previous period to 5.63 billion yen.

At the same time, the company plans to set the distribution for the current term at 2400 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	12,769	6,236	5,523	5,523	2,442.0	2,231	Nov 22, 2023	J-GAAP
Mar, 2024	13,284	6,599	5,813	5,813	2,425.0	2,300	May 22, 2024	J-GAAP
Sep, 2024	14,155	7,092	6,204	6,203	2,577.0	2,400	Nov 20, 2024	J-GAAP
YoY	+6.6%	+7.5%	+6.7%	+6.7%	+6.3%

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	14,142	7,231	6,333	6,332	2,630.8	2,400	Jun 21, 2024	J-GAAP
Sep, 2024 Results	14,155	7,092	6,204	6,203	2,577.0	2,400	Nov 20, 2024	J-GAAP
Revision Rate	+0.1%	-1.9%	-2.0%	-2.0%	-2.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	13,284	6,599	5,813	5,813	2,425.0	2,300	May 22, 2024	J-GAAP
Sep, 2024	14,155	7,092	6,204	6,203	2,577.0	2,400	Nov 20, 2024	J-GAAP
Mar, 2025 Guidance	13,281	6,660	5,631	5,631	2,339.5	2,400	Nov 20, 2024	J-GAAP
YoY	-6.2%	-6.1%	-9.2%	-9.2%	-9.2%

Quarterly Results