SOSiLA Logistics REIT, 7% Increase in Ordinary Profit, Record High for The First Time in Three Years

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Fri Jan 17, 2025 3:30 pm JST Earnings

2979 SOSiLA Logistics REIT,Inc.

Earnings Report

SOSiLA Logistics REIT,Inc. <2979> [TSE REIT] announced its financial results after the market closed on January 17th (15:30). The ordinary profit for the fiscal year ending November 2024 increased 0.7% from the previous period to 1.78 billion yen exceeding the previous forecast of 1.76 billion yen and resulted in an increase in profit, a complete reversal from the forecast for a decline in profit. In the fiscal year ending May 2025, the profit is expected to grow by 6.8% to 1.9 billion yenExpected to reach record high profits for the first time in three years.

At the same time, the company increased the distribution for the previous term from 2770 yen to 2785 yen (compared to 2769 yen in the prior term), and plans to set the distribution for the current term at 2971 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
Nov, 2023	4,336	2,041	1,818	1,817	2,497.0	2,830	Jan 17, 2024	J-GAAP
May, 2024	4,252	2,005	1,773	1,772	2,436.0	2,769	Jul 17, 2024	J-GAAP
Nov, 2024	4,326	2,011	1,785	1,784	2,452.0	2,785	Jan 17, 2025	J-GAAP
YoY	+1.7%	+0.3%	+0.7%	+0.7%	+0.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	4,312	1,994	1,766	1,765	2,426.1	2,770	Jul 17, 2024	J-GAAP
Nov, 2024 Results	4,326	2,011	1,785	1,784	2,452.0	2,785	Jan 17, 2025	J-GAAP
Revision Rate	+0.3%	+0.9%	+1.1%	+1.1%	+1.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2024	4,252	2,005	1,773	1,772	2,436.0	2,769	Jul 17, 2024	J-GAAP
Nov, 2024	4,326	2,011	1,785	1,784	2,452.0	2,785	Jan 17, 2025	J-GAAP
May, 2025 Guidance	4,732	2,181	1,907	1,906	2,619.9	2,971	Jan 17, 2025	J-GAAP
YoY	+9.4%	+8.5%	+6.8%	+6.8%	+6.8%

Quarterly Results