Nippon Hotel&Residential Investment, 39% Increase in Ordinary Profit, Record High for The First Time in Thirteen Years

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Wed Jan 22, 2025 4:00 pm JST Earnings

3472 Nippon Hotel & Residential Investment Corporation

Earnings Report

Nippon Hotel & Residential Investment Corporation <3472> [TSE REIT] announced its financial results after the market closed on January 22nd (16:00). The ordinary profit for the fiscal year ending November 2024 increased 16.8% from the previous period to 430 million yen. In the fiscal year ending May 2025, the profit is expected to expand to 39.1% to 598 million yenExpected to reach record high profits for the first time in thirteen years.

At the same time, the company increased the distribution for the previous term from 1817 yen to 1837 yen (compared to 1575 yen in the prior term), and plans to set the distribution for the current term at 1932 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	1,202	516	342	341	1,451.0	1,464	Jan 22, 2024	J-GAAP
May, 2024	1,301	568	368	367	1,562.0	1,575	Jul 22, 2024	J-GAAP
Nov, 2024	1,287	560	430	429	1,823.0	1,837	Jan 22, 2025	J-GAAP
YoY	-1.1%	-1.4%	+16.8%	+16.9%	+16.7%

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	1,287	556	425	424	1,801.6	1,817	Nov 18, 2024	J-GAAP
Nov, 2024 Results	1,287	560	430	429	1,823.0	1,837	Jan 22, 2025	J-GAAP
Revision Rate	0.0%	+0.7%	+1.2%	+1.2%	+1.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2024	1,301	568	368	367	1,562.0	1,575	Jul 22, 2024	J-GAAP
Nov, 2024	1,287	560	430	429	1,823.0	1,837	Jan 22, 2025	J-GAAP
May, 2025 Guidance	1,682	829	598	597	1,919.5	1,932	Jan 22, 2025	J-GAAP
YoY	+30.7%	+48.0%	+39.1%	+39.2%	+5.3%

Quarterly Results