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Japan Hotel REIT, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Raises Record High Profit Forecast, Distribution Revised Upward by 369 Yen

Mon Aug 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 August 25th (15:30). The ordinary profit for Interim results of the fiscal year ending December 2025 (January to June) expanded 12.3 billion yen, an increase 66.4% compared to the same period last year, exceeded the previous forecast of 10.6 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 7.8%, from the previous forecast of 23.8 billion yen to 25.6 billion yen (compared to 18.2 billion yen in the previous period), increasing the growth rate from 30.3% to 40.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the July to December period (second half) is expected to grow 22.7% from the same period last year, reaching 13.2 billion yen.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 4461 yen to 4830 yen (compared to 3937 yen in the previous period).

Kabutan News

Actual Performance and Financial Trends

First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Jan - Jun, 2025 Guidance 19,756M 12,793M 10,626M 11,017M 2,161.5 Feb 25, 2025 J-GAAP
Jan - Jun, 2025 Results 21,481M 14,457M 12,367M 12,764M 2,504.0 Aug 25, 2025 J-GAAP
Revision Rate +8.7% +13.0% +16.4% +15.9% +15.8%

Guidance Update

Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Dec, 2025 Prev 42,732M 28,205M 23,806M 24,195M 4,746.9 4,461 Feb 25, 2025 J-GAAP
Dec, 2025 New 44,669M 30,221M 25,666M 26,063M 5,113.4 4,830 Aug 25, 2025 J-GAAP
Revision Rate +4.5% +7.1% +7.8% +7.7% +7.7%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Jul - Dec, 2024
19,119M 12,281M 10,839M 10,839M 2,227.5 3,937 Feb 25, 2025 J-GAAP
Guidance
Jul - Dec, 2025
23,188M 15,764M 13,299M 13,299M 2,609.2 4,830 Aug 25, 2025 J-GAAP
YoY +21.3% +28.4% +22.7% +22.7% +17.1%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Dec, 2023
26,574M 15,014M 13,135M 13,134M 2,909.0 3,015 Feb 21, 2024 J-GAAP
Dec, 2024
33,481M 20,779M 18,273M 18,272M 3,755.0 3,937 Feb 25, 2025 J-GAAP
Guidance
Dec, 2025
44,669M 30,221M 25,666M 26,063M 5,113.4 4,830 Aug 25, 2025 J-GAAP
YoY +33.4% +45.4% +40.5% +42.6% +36.2%

Quarterly Results