Ichigo Hotel REIT, 27% Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Mar 16, 2026 3:30 pm JST Earnings

3463 Ichigo Hotel REIT Investment Corporation

Earnings Report

Ichigo Hotel REIT Investment Corporation <3463> [TSE REIT] announced its financial results after the market closed on March 16th (15:30). The ordinary profit for the fiscal year ended January 2026 decreased by 1.7% from the previous period to 1.35 billion yen. For the fiscal year ending July 2026, the ordinary profit is expected to decrease by 27.1% from the previous period to 0.98 billion yen.

At the same time, the company increased the distribution for the previous term from 3797 yen to 4136 yen (compared to 4207 yen in the prior term), and plans to set the distribution for the current term at 3016 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, 2025	5,230	3,645	3,316	3,315	10,124	10,125	Mar 14, 2025	J-GAAP
Jul, 2025	3,051	1,734	1,378	1,377	4,207.0	4,207	Sep 16, 2025	J-GAAP
Jan, 2026	3,148	1,724	1,355	1,354	4,136.0	4,136	Mar 16, 2026	J-GAAP
YoY	+3.2%	-0.6%	-1.7%	-1.7%	-1.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan, 2026 Guidance	2,977	1,637	1,244	1,243	3,795.6	3,797	Sep 16, 2025	J-GAAP
Jan, 2026 Results	3,148	1,724	1,355	1,354	4,136.0	4,136	Mar 16, 2026	J-GAAP
Revision Rate	+5.7%	+5.3%	+8.9%	+8.9%	+9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul, 2025	3,051	1,734	1,378	1,377	4,207.0	4,207	Sep 16, 2025	J-GAAP
Jan, 2026	3,148	1,724	1,355	1,354	4,136.0	4,136	Mar 16, 2026	J-GAAP
Jul, 2026 Guidance	2,666	1,399	988	987	3,013.8	3,016	Mar 16, 2026	J-GAAP
YoY	-15.3%	-18.9%	-27.1%	-27.1%	-27.1%

Quarterly Results