SANKEI REAL ESTATE Inc., 3% Decrease in Ordinary Profit for The Current Fiscal Year

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Wed Oct 16, 2024 3:00 pm JST Earnings

2972 SANKEI REAL ESTATE Inc.

Earnings Report

SANKEI REAL ESTATE Inc. <2972> [TSE-REIT] announced its financial results after the market closed on October 16th (15:00). ordinary profit for the fiscal year ending August 2024 increased by 6.6% from the previous period to 1.1 billion yen. However, for the fiscal year ending February 2025, the profit is expected to decrease by 2.8% from the previous period to 1.07 billion yen.

At the same time, the company increased the distribution for the previous term from 2208 yen to 2369 yen (compared to 2221 yen in the prior term), and plans to set the distribution for the current term at 2302 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
Aug, 2023	2,751	1,334	1,130	1,129	2,418.0	2,418	Oct 16, 2023	J-GAAP
Feb, 2024	7,778	1,229	1,038	1,037	2,220.0	2,221	Apr 15, 2024	J-GAAP
Aug, 2024	2,461	1,299	1,107	1,106	2,369.0	2,369	Oct 16, 2024	J-GAAP
YoY	-68.4%	+5.7%	+6.6%	+6.7%	+6.7%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2024 Guidance	2,404	1,234	1,032	1,031	2,207.2	2,208	Apr 15, 2024	J-GAAP
Aug, 2024 Results	2,461	1,299	1,107	1,106	2,369.0	2,369	Oct 16, 2024	J-GAAP
Revision Rate	+2.4%	+5.3%	+7.3%	+7.3%	+7.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	7,778	1,229	1,038	1,037	2,220.0	2,221	Apr 15, 2024	J-GAAP
Aug, 2024	2,461	1,299	1,107	1,106	2,369.0	2,369	Oct 16, 2024	J-GAAP
Feb, 2025 Guidance	2,467	1,290	1,076	1,075	2,301.4	2,302	Oct 16, 2024	J-GAAP
YoY	+0.2%	-0.7%	-2.8%	-2.8%	-2.9%

Quarterly Results