Takara Leben Real Estate Investment Corporation, 15% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term

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Wed Oct 23, 2024 4:00 pm JST Earnings

3492 MIRARTH Real Estate Investment Corporation

Earnings Report

Takara Leben Real Estate Investment Corporation <3492> [TSE-REIT] announced its financial results after the market closed on October 23rd (16:00). ordinary profit for the fiscal year ending August 2024 increased by 13.6% from the previous period to 2.14 billion yen. For the fiscal year ending February 2025, the profit is expected to grow by 14.8% to 2.46 billion yen, marking the fourth consecutive term of record-high profits.

At the same time, the company plans to set the distribution for the current term at 2700 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	3,886	2,258	1,886	1,860	2,694.0	2,617	Oct 23, 2023	J-GAAP
Feb, 2024	3,891	2,263	1,886	1,861	2,691.0	2,672	Apr 19, 2024	J-GAAP
Aug, 2024	4,400	2,584	2,143	2,117	2,713.0	2,700	Oct 23, 2024	J-GAAP
YoY	+13.1%	+14.2%	+13.6%	+13.8%	+0.8%

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	4,316	2,578	2,134	2,108	2,699.7	2,700	Apr 19, 2024	J-GAAP
Aug, 2024 Results	4,400	2,584	2,143	2,117	2,713.0	2,700	Oct 23, 2024	J-GAAP
Revision Rate	+1.9%	+0.2%	+0.4%	+0.4%	+0.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2024	3,891	2,263	1,886	1,861	2,691.0	2,672	Apr 19, 2024	J-GAAP
Aug, 2024	4,400	2,584	2,143	2,117	2,713.0	2,700	Oct 23, 2024	J-GAAP
Feb, 2025 Guidance	4,924	3,024	2,460	2,436	2,674.5	2,700	Oct 23, 2024	J-GAAP
YoY	+11.9%	+17.0%	+14.8%	+15.1%	-1.4%

Quarterly Results