Ichigo Office REIT, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 26% Increase, Distribution Revised Upward by 944 yen

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Thu Mar 27, 2025 3:30 pm JST Revision

8975 Ichigo Office REIT Investment

Guidance Update Report

Ichigo Office REIT Investment <8975> [TSE REIT] announced a revision to its performance and dividend after the market closed on March 27th (15:30). The ordinary profit for the fiscal year ending April 2025 has been revised upward 39.9%, from the previous forecast of 3.67 billion yen to 5.14 billion yen (compared to 4.08 billion yen in the previous period), turning to a 26.1% increase in the ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned distribution for the current fiscal year from the original plan of 2368 yen to 3312 yen (compared to 2692 yen in the previous period).

Kabutan News

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2025 Prev	9,322	4,557	3,678	3,678	2,365.4	2,368	Dec 16, 2024	J-GAAP
Apr, 2025 New	10,842	6,048	5,146	5,145	3,308.8	3,312	Mar 27, 2025	J-GAAP
Revision Rate	+16.3%	+32.7%	+39.9%	+39.9%	+39.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2024	8,068	4,094	3,323	3,323	2,195.0	2,199	Jun 14, 2024	J-GAAP
Oct, 2024	9,223	4,991	4,082	4,081	2,635.0	2,692	Dec 16, 2024	J-GAAP
Apr, 2025 Guidance	10,842	6,048	5,146	5,145	3,308.8	3,312	Mar 27, 2025	J-GAAP
YoY	+17.6%	+21.2%	+26.1%	+26.1%	+25.6%