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Japan Hotel REIT, 30% Increase in Ordinary Profit, Update Record High for Second Consecutive Term, Increased Previous Year's Distribution by 47 yen, This Fiscal Year to Increase distribution by 524 yen

Tue Feb 25, 2025 3:30 pm JST Earnings

8985 Japan Hotel REIT Investment Corporation

Earnings Report

Japan Hotel REIT Investment <8985> [TSE REIT] announced its financial results after the market closed on February 25th (15:30). The ordinary profit for the fiscal year ending December 2024 increased 39.1% from the previous period to 18.2 billion yen. In the fiscal year ending December 2025, the profit is expected to expand to 30.3% to 23.8 billion yen, marking the second consecutive term of record-high profits. This will be the fourth consecutive term of revenue and profit growth.

At the same time, the company increased the distribution for the previous term from 3890 yen to 3937 yen (compared to 3015 yen in the prior term), and has decided to increase the distribution this fiscal year to 4461 yen, an increase of 524 yen from the previous fiscal year.

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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 14,912 4,296 2,672 2,671 598.0 682 Feb 22, 2023 J-GAAP
Dec, 2023 26,574 15,014 13,135 13,134 2,909.0 3,015 Feb 21, 2024 J-GAAP
Dec, 2024 33,481 20,779 18,273 18,272 3,755.0 3,937 Feb 25, 2025 J-GAAP
YoY +26.0% +38.4% +39.1% +39.1% +29.1%

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 33,317 20,557 18,033 18,032 3,537.8 3,890 Jan 10, 2025 J-GAAP
Dec, 2024 Results 33,481 20,779 18,273 18,272 3,755.0 3,937 Feb 25, 2025 J-GAAP
Revision Rate +0.5% +1.1% +1.3% +1.3% +6.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 14,362 8,498 7,434 7,433 1,603.0 － Aug 22, 2024 J-GAAP
Jan - Jun, 2025 Guidance 19,756 12,793 10,626 11,017 2,161.5 － Feb 25, 2025 J-GAAP
YoY +37.6% +50.5% +42.9% +48.2% +34.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 26,574 15,014 13,135 13,134 2,909.0 3,015 Feb 21, 2024 J-GAAP
Dec, 2024 33,481 20,779 18,273 18,272 3,755.0 3,937 Feb 25, 2025 J-GAAP
Dec, 2025 Guidance 42,732 28,205 23,806 24,195 4,746.9 4,461 Feb 25, 2025 J-GAAP
YoY +27.6% +35.7% +30.3% +32.4% +26.4%

Quarterly Results

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