Tokaido REIT, 13% Increase in Ordinary Profit, Update Record High for Seventh Consecutive Term

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Tue Mar 18, 2025 3:45 pm JST Earnings

2989 Tokaido REIT,Inc.

Earnings Report

Tokaido REIT,Inc. <2989> [TSE REIT] announced its financial results after the market closed on March 18th (15:45). The ordinary profit for the fiscal year ending January 2025 increased 1.5% from the previous period to 0.92 billion yen. In the fiscal year ending July 2025, the profit is expected to grow by 12.6% to 1.04 billion yen, marking the seventh consecutive term of record-high profits.

At the same time, the company increased the distribution for the previous term from 3330 yen to 3335 yen (compared to 3284 yen in the prior term), and plans to set the distribution for the current term at 3299 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
Jan, 2024	1,640	949	813	812	3,351.0	3,351	Mar 15, 2024	J-GAAP
Jul, 2024	1,900	1,098	915	914	3,284.0	3,284	Sep 17, 2024	J-GAAP
Jan, 2025	2,009	1,093	929	928	3,335.0	3,335	Mar 18, 2025	J-GAAP
YoY	+5.7%	-0.5%	+1.5%	+1.5%	+1.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2025 Guidance	2,009	1,091	928	927	3,329.7	3,330	Jan 14, 2025	J-GAAP
Jan, 2025 Results	2,009	1,093	929	928	3,335.0	3,335	Mar 18, 2025	J-GAAP
Revision Rate	0.0%	+0.2%	+0.1%	+0.1%	+0.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2024	1,900	1,098	915	914	3,284.0	3,284	Sep 17, 2024	J-GAAP
Jan, 2025	2,009	1,093	929	928	3,335.0	3,335	Mar 18, 2025	J-GAAP
Jul, 2025 Guidance	2,278	1,321	1,046	1,045	3,297.8	3,299	Mar 18, 2025	J-GAAP
YoY	+13.4%	+20.9%	+12.6%	+12.6%	-1.1%

Quarterly Results