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

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%

Guidance Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2025 Prev 50,600 24,258 22,656 22,656 2,663.9 2,400 Feb 17, 2025 J-GAAP
Jun, 2025 New 50,600 24,258 22,656 22,656 2,663.9 2,400 Feb 17, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

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

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