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Tokaido REIT, 10% Increase in Ordinary Profit, Record High for The First Time in Two Years

Mon Mar 16, 2026 4:00 pm JST Earnings

2989 Tokaido REIT,Inc.

Earnings Report

Tokaido REIT,Inc. <2989> [TSE REIT] announced its financial results after the market closed on March 16th (16:00). The ordinary profit for the fiscal year ended January 2026 decreased by 1.6% from the previous period to 1.05 billion yen. For the fiscal year ending July 2026, the ordinary profit is expected to expand to 10.4% to 1.16 billion yenExpected to reach record high profits for the first time in two years.

At the same time, the company increased the distribution for the previous term from 3311 yen to 3326 yen (compared to 3380 yen in the prior term), and plans to set the distribution for the current term at 3230 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 2,009 1,093 929 928 3,335.0 3,335 Mar 18, 2025 J-GAAP
Jul, 2025 2,306 1,368 1,071 1,070 3,384.0 3,380 Sep 16, 2025 J-GAAP
Jan, 2026 2,316 1,302 1,054 1,053 3,325.0 3,326 Mar 16, 2026 J-GAAP
YoY +0.4% -4.8% -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
Jan, 2026 Guidance 2,307 1,296 1,050 1,049 3,310.4 3,311 Sep 16, 2025 J-GAAP
Jan, 2026 Results 2,316 1,302 1,054 1,053 3,325.0 3,326 Mar 16, 2026 J-GAAP
Revision Rate +0.4% +0.5% +0.4% +0.4% +0.4%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul, 2025 2,306 1,368 1,071 1,070 3,384.0 3,380 Sep 16, 2025 J-GAAP
Jan, 2026 2,316 1,302 1,054 1,053 3,325.0 3,326 Mar 16, 2026 J-GAAP
Jul, 2026 Guidance 2,683 1,529 1,164 1,163 3,013.6 3,230 Mar 16, 2026 J-GAAP
YoY +15.8% +17.4% +10.4% +10.4% -9.4%

Quarterly Results

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