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Japan Prime Realty Investment, 17% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Mon Feb 17, 2025 4:00 pm JST Earnings

8955 Japan Prime Realty Investment

Earnings Report

Japan Prime Realty Investment <8955> [TSE REIT] announced its financial results after the market closed on February 17th (16:00). The ordinary profit for the fiscal year ending December 2024 increased 16.7% from the previous period to 8.79 billion yen. In the fiscal year ending June 2025, the profit is expected to grow by 17.3% to 10.3 billion yen, marking the second consecutive term of record-high profits.

At the same time, the company increased the distribution for the previous term from 7900 yen to 7935 yen (compared to 7600 yen in the prior term), and plans to set the distribution for the current term at 7950 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 17,411 8,151 7,357 7,356 1,844.3 1,900 Feb 16, 2024 J-GAAP
Jun, 2024 17,644 8,354 7,531 7,530 1,887.8 1,900 Aug 16, 2024 J-GAAP
Dec, 2024 19,580 9,715 8,791 8,790 2,203.8 1,983.75 Feb 17, 2025 J-GAAP
YoY +11.0% +16.3% +16.7% +16.7% +16.7%

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 19,520 9,662 8,733 8,732 2,189.2 1,975 Oct 18, 2024 J-GAAP
Dec, 2024 Results 19,580 9,715 8,791 8,790 2,203.8 1,983.75 Feb 17, 2025 J-GAAP
Revision Rate +0.3% +0.5% +0.7% +0.7% +0.7%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun, 2024 17,644 8,354 7,531 7,530 1,887.8 1,900 Aug 16, 2024 J-GAAP
Dec, 2024 19,580 9,715 8,791 8,790 2,203.8 1,983.75 Feb 17, 2025 J-GAAP
Jun, 2025 Guidance 20,766 11,274 10,310 10,309 2,614.3 1,987.50 Feb 17, 2025 J-GAAP
YoY +6.1% +16.0% +17.3% +17.3% +18.6%

Quarterly Results

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