Tokyo Tatemono, The Current Fiscal Year Net Income Revised Upward by 28%, Dividend Revised Upward by 10 yen

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Wed Dec 25, 2024 6:00 pm JST Revision

8804 Tokyo Tatemono Co., Ltd. 【J-GAAP】

Guidance Update Report

Tokyo Tatemono Co., Ltd. <8804> [TSE Prime] announced a revision to its performance and dividend after the market closed on December 25th (18:00). The consolidated net income for the fiscal year ending December 2024 has been revised upward 27.8%, from the previous forecast of 48.5 billion yen to 62 billion yen (compared to 45 billion yen in the previous period), increasing the growth rate from 7.6% to 37.5%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated net income is expected to increase 80.3%, from the previous forecast of 16.8 billion yen to 30.3 billion yen (compared to 21.2 billion yen in the same period of the previous year), turning to a 42.5% increase in the consolidated net income outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 80 yen to 90 yen (compared to 73 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	187,384	26,264	21,366	16,808	80.5	43	Aug 8, 2024	J-GAAP
Jul - Dec, 2024 New	187,384	26,264	21,366	30,308	145.1	53	Dec 25, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+80.3%	+80.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	465,000	77,500	69,500	48,500	232.3	80	Aug 8, 2024	J-GAAP
Dec, 2024 New	465,000	77,500	69,500	62,000	296.9	90	Dec 25, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+27.8%	+27.8%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	196,276	34,458	33,229	21,268	101.8	37	Feb 13, 2024	J-GAAP
Jul - Dec, 2024 Guidance	187,384	26,264	21,366	30,308	145.1	53	Dec 25, 2024	J-GAAP
YoY	-4.5%	-23.8%	-35.7%	+42.5%	+42.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	349,940	64,478	63,531	43,062	206.2	65	Feb 13, 2023	J-GAAP
Dec, 2023	375,946	70,508	69,471	45,084	215.8	73	Feb 13, 2024	J-GAAP
Dec, 2024 Guidance	465,000	77,500	69,500	62,000	296.9	90	Dec 25, 2024	J-GAAP
YoY	+23.7%	+9.9%	+0.0%	+37.5%	+37.6%