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Japan Hotel REIT, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 4%, Raises Record High Profit Forecast, Distribution Revised Upward by 230 Yen

Thu Jan 22, 2026 3:30 pm JST Revision

8985 Japan Hotel REIT Investment Corporation

Guidance Update Report

Japan Hotel REIT Investment Corporation <8985> [TSE REIT] announced a revision to its performance and dividend after the market closed on January 22nd (15:30). The ordinary profit forecast for the fiscal year ending December 2025 has been revised upward 4.2%, from the previous forecast of 25.6 billion yen to 26.7 billion yen (compared to 18.2 billion yen in the previous period), increasing the growth rate from 40.5% to 46.4%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (second half) ordinary profit is expected to increase 8.1%, from the previous forecast of 13.2 billion yen to 14.3 billion yen (compared to 10.8 billion yen in the same period of the previous year), increasing the growth rate from 22.7% to 32.6%.

In light of the strong performance, the company has increased its planned distribution for the last fiscal year from the original plan of 4830 yen to 5060 yen (compared to 3937 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 23,188 15,764 13,299 13,299 2,609.2 4,830 Aug 25, 2025 J-GAAP
Jul - Dec, 2025 New 24,083 16,590 14,376 14,376 2,820.5 5,060 Jan 22, 2026 J-GAAP
Revision Rate +3.9% +5.2% +8.1% +8.1% +8.1%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 44,669 30,221 25,666 26,063 5,113.4 4,830 Aug 25, 2025 J-GAAP
Dec, 2025 New 45,564 31,047 26,743 27,140 5,324.7 5,060 Jan 22, 2026 J-GAAP
Revision Rate +2.0% +2.7% +4.2% +4.1% +4.1%

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 19,119 12,281 10,839 10,839 2,227.5 3,937 Feb 25, 2025 J-GAAP
Jul - Dec, 2025 Guidance 24,083 16,590 14,376 14,376 2,820.5 5,060 Jan 22, 2026 J-GAAP
YoY +26.0% +35.1% +32.6% +32.6% +26.6%

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 45,564 31,047 26,743 27,140 5,324.7 5,060 Jan 22, 2026 J-GAAP
YoY +36.1% +49.4% +46.4% +48.5% +41.8%

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