Hoshino Resorts REIT, 1% Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Dec 16, 2024 3:30 pm JST Earnings

3287 Hoshino Resorts REIT

Earnings Report

Hoshino Resorts REIT <3287> [TSE REIT] announced its financial results after the market closed on December 16th (15:30). The ordinary profit for the fiscal year ending October 2024 increased 18.7% from the previous period to 2.73 billion yen. However, for the fiscal year ending April 2025, the profit is expected to decrease by 1.4% from the previous period to 2.69 billion yen.

At the same time, the company increased the distribution for the previous term from 9100 yen to 9218 yen (compared to 9048 yen in the prior term), and plans to set the distribution for the current term at 4610 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
Oct, 2023	6,435	2,740	2,185	2,184	4,274.0	4,278.50	Dec 18, 2023	J-GAAP
Apr, 2024	6,670	2,847	2,305	2,338	4,575.5	4,524	Jun 17, 2024	J-GAAP
Oct, 2024	7,496	3,485	2,735	2,734	4,788.0	4,609	Dec 16, 2024	J-GAAP
YoY	+12.4%	+22.4%	+18.7%	+16.9%	+4.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Guidance	7,466	3,482	2,663	2,662	4,544.0	4,550	Jun 17, 2024	J-GAAP
Oct, 2024 Results	7,496	3,485	2,735	2,734	4,788.0	4,609	Dec 16, 2024	J-GAAP
Revision Rate	+0.4%	+0.1%	+2.7%	+2.7%	+5.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2024	6,670	2,847	2,305	2,338	4,575.5	4,524	Jun 17, 2024	J-GAAP
Oct, 2024	7,496	3,485	2,735	2,734	4,788.0	4,609	Dec 16, 2024	J-GAAP
Apr, 2025 Guidance	7,645	3,459	2,698	2,697	4,603.7	4,610	Dec 16, 2024	J-GAAP
YoY	+2.0%	-0.7%	-1.4%	-1.4%	-3.8%

Quarterly Results