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Tosei REIT, 3% Decrease in Ordinary Profit for The Current Fiscal Year
3451 Tosei Reit Investment Corporation
Earnings ReportTosei Reit Investment Corporation <3451> [TSE REIT] announced its financial results after the market closed on December 17th (15:30). The ordinary profit for the fiscal year ended October 2025 was 1.6% from the previous period to 1.45 billion yen. However, for the fiscal year ending April 2026, the ordinary profit is expected to decrease by 3.4% from the previous period to 1.40 billion yen.
At the same time, the company increased the distribution for the previous term from 3740 yen to 3875 yen (compared to 3812 yen in the prior term), and plans to set the distribution for the current term at 3800 yen.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct, 2024 | 3,662 | 1,736 | 1,416 | 1,416 | 3,761.0 | 3,761 | Dec 16, 2024 | J-GAAP |
| Apr, 2025 | 3,693 | 1,760 | 1,436 | 1,435 | 3,812.0 | 3,812 | Jun 17, 2025 | J-GAAP |
| Oct, 2025 | 3,727 | 1,796 | 1,459 | 1,458 | 3,875.0 | 3,875 | Dec 17, 2025 | J-GAAP |
| YoY | +0.9% | +2.0% | +1.6% | +1.6% | +1.7% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct, 2025 Guidance | 3,674 | 1,726 | 1,386 | 1,385 | 3,679.1 | 3,740 | Jun 17, 2025 | J-GAAP |
| Oct, 2025 Results | 3,727 | 1,796 | 1,459 | 1,458 | 3,875.0 | 3,875 | Dec 17, 2025 | J-GAAP |
| Revision Rate | +1.4% | +4.1% | +5.3% | +5.3% | +5.3% |
Current Period Guidance
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr, 2025 | 3,693 | 1,760 | 1,436 | 1,435 | 3,812.0 | 3,812 | Jun 17, 2025 | J-GAAP |
| Oct, 2025 | 3,727 | 1,796 | 1,459 | 1,458 | 3,875.0 | 3,875 | Dec 17, 2025 | J-GAAP |
| Apr, 2026 Guidance | 3,729 | 1,765 | 1,409 | 1,408 | 3,740.2 | 3,800 | Dec 17, 2025 | J-GAAP |
| YoY | +0.1% | -1.7% | -3.4% | -3.4% | -3.5% |
Quarterly Results
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Nikkei 225 open on the 17th = 29 yen higher, 49,413 yen