Nippon Building Fund, 0.05％ Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Feb 17, 2025 3:30 pm JST Earnings

8951 Nippon Building Fund

Earnings Report

Nippon Building Fund <8951> [TSE REIT] announced its financial results after the market closed on February 17th (15:30). The ordinary profit for the fiscal year ending December 2024 decreased 2.9% from the previous period to 22.6 billion yen. In the fiscal year ending June 2025, the profit is nearly flat with a slight decrease of 0.05% from the previous period to 22.6 billion yen.

At the same time, the company increased the distribution for the previous term from 2400 yen to 2462 yen (compared to 13082 yen before the 5-for-1 forward stock split in the previous term), and plans to set the distribution for the current term at 2400 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
Dec, 2023	47,349	20,767	19,513	19,513	2,294.2	2,300	Feb 15, 2024	J-GAAP
Jun, 2024	50,254	24,643	23,345	23,344	2,744.8	2,616.40	Aug 15, 2024	J-GAAP
Dec, 2024	50,810	24,068	22,667	22,666	2,665.0	2,462	Feb 17, 2025	J-GAAP
YoY	+1.1%	-2.3%	-2.9%	-2.9%	-2.9%

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	50,568	23,599	22,084	22,084	2,596.6	2,400	Aug 15, 2024	J-GAAP
Dec, 2024 Results	50,810	24,068	22,667	22,666	2,665.0	2,462	Feb 17, 2025	J-GAAP
Revision Rate	+0.5%	+2.0%	+2.6%	+2.6%	+2.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun, 2024	50,254	24,643	23,345	23,344	2,744.8	2,616.40	Aug 15, 2024	J-GAAP
Dec, 2024	50,810	24,068	22,667	22,666	2,665.0	2,462	Feb 17, 2025	J-GAAP
Jun, 2025 Guidance	50,600	24,258	22,656	22,656	2,663.9	2,400	Feb 17, 2025	J-GAAP
YoY	-0.4%	+0.8%	0.0%	0.0%	0.0%

Quarterly Results