Sekisui House Reit, 15% Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Dec 16, 2024 3:30 pm JST Earnings

3309 Sekisui House Reit

Earnings Report

Sekisui House Reit <3309> [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 expanded 2.4 times that of the previous period to 11.8 billion yen. However, for the fiscal year ending April 2025, the profit is expected to decrease by 15.5% from the previous period to 9.99 billion yen.

At the same time, the company increased the distribution for the previous term from 1772 yen to 1817 yen (compared to 2095 yen in the prior term), and plans to set the distribution for the current term at 2320 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	16,485	8,343	7,411	7,408	1,690.0	1,976	Dec 21, 2023	J-GAAP
Apr, 2024	22,078	5,896	4,955	4,954	1,130.0	2,095	Jun 14, 2024	J-GAAP
Oct, 2024	21,751	12,849	11,824	11,824	2,698.0	1,817	Dec 16, 2024	J-GAAP
YoY	-1.5%	+117.9%	+138.6%	+138.7%	+138.8%

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	21,610	12,666	11,627	11,626	2,653.4	1,772	Aug 22, 2024	J-GAAP
Oct, 2024 Results	21,751	12,849	11,824	11,824	2,698.0	1,817	Dec 16, 2024	J-GAAP
Revision Rate	+0.7%	+1.4%	+1.7%	+1.7%	+1.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2024	22,078	5,896	4,955	4,954	1,130.0	2,095	Jun 14, 2024	J-GAAP
Oct, 2024	21,751	12,849	11,824	11,824	2,698.0	1,817	Dec 16, 2024	J-GAAP
Apr, 2025 Guidance	19,490	11,174	9,994	9,992	2,280.5	2,320	Dec 16, 2024	J-GAAP
YoY	-10.4%	-13.0%	-15.5%	-15.5%	-15.5%

Quarterly Results