Tokyo Tatemono, 3% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 5 yen, This Fiscal Year to Increase Dividend by 2 yen

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Wed Feb 12, 2025 3:30 pm JST Earnings

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

Earnings Report

Tokyo Tatemono Co., Ltd. <8804> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the fiscal year ending December 2024 increased 3.2% from the previous period to 71.7 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 3.2% to 74 billion yen, marking the fourth consecutive term of record-high profits. This will be the ninth consecutive term of revenue and the fourth consecutive term of profit growth.

At the same time, the company increased the annual dividend for the previous term from 90 yen to 95 yen (compared to 73 yen in the prior term), and has decided to increase the dividend this fiscal year to 97 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit decreased to 18.3 billion yen, a 28.6% decrease compared to the same period last year. The operating profit margin decreased from 19.9% in the same period last year to 17.4%.

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Actual Results

Historical Performance

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	463,724	79,670	71,722	65,882	315.5	95	Feb 12, 2025	J-GAAP
YoY	+23.3%	+13.0%	+3.2%	+46.1%	+46.2%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	465,000	77,500	69,500	62,000	296.9	90	Dec 25, 2024	J-GAAP
Dec, 2024 Results	463,724	79,670	71,722	65,882	315.5	95	Feb 12, 2025	J-GAAP
Revision Rate	-0.3%	+2.8%	+3.2%	+6.3%	+6.3%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	277,616	51,236	48,134	31,692	151.7	37	Aug 8, 2024	J-GAAP
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	48	Feb 12, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	375,946	70,508	69,471	45,084	215.8	73	Feb 13, 2024	J-GAAP
Dec, 2024	463,724	79,670	71,722	65,882	315.5	95	Feb 12, 2025	J-GAAP
Dec, 2025 Guidance	503,000	86,000	74,000	55,000	263.9	97	Feb 12, 2025	J-GAAP
YoY	+8.5%	+7.9%	+3.2%	-16.5%	-16.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	137,747	27,430	25,662	15,999	76.6	19.9	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	116,195	19,167	19,420	11,661	55.8	16.5	May 9, 2024	J-GAAP
Apr - Jun, 2024	161,421	32,069	28,714	20,031	95.9	19.9	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	82,280	10,400	5,275	3,859	18.5	12.6	Nov 7, 2024	J-GAAP
Oct - Dec, 2024	103,828	18,034	18,313	30,331	145.3	17.4	Feb 12, 2025	J-GAAP
YoY	-24.6%	-34.3%	-28.6%	+89.6%	+89.6%