Nippon Building Fund(8951) Financial Results

Current Period Guidance

Annual

Result

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	47,349	20,767	19,513	19,513	2,294.2	2,300	Feb 15, 2024	J-GAAP
Jun, 2024	50,254	24,643	23,345	23,344	2,744.8	2,616.40	Aug 15, 2024	J-GAAP
Dec, 2024	50,810	24,068	22,667	22,666	2,665.0	2,462	Feb 17, 2025	J-GAAP
Jun, 2025	51,218	25,073	23,546	23,545	2,768.0	2,495	Aug 15, 2025	J-GAAP
Dec, 2025 Guidance	48,470	20,955	19,030	19,030	2,200.0	2,420	Aug 15, 2025	J-GAAP
YoY	-5.4%	-16.4%	-19.2%	-19.2%	-20.5%

Guidance History

Revision Direction	Revision Date	Revenue	Operating Profit	Ordinary Profit	Net Profit	Revised Dividend	Accounting Standards
Jun, 2023	Feb 15, 2023	46,923	20,629	19,183	19,183	2300	J-GAAP
Results	Aug 15, 2023	47,030	20,640	19,336	19,335	2300	J-GAAP
Dec, 2023	Aug 15, 2023	45,497	18,754	17,452	17,452	2300	J-GAAP
Results	Feb 15, 2024	47,349	20,767	19,513	19,513	2300	J-GAAP
Jun, 2024	Feb 15, 2024	Available in future release
Results	Aug 15, 2024
Dec, 2024	Aug 15, 2024
Results	Feb 17, 2025
Jun, 2025	Feb 17, 2025	50,600	24,258	22,656	22,656	2400	J-GAAP
Results	Aug 15, 2025	51,218	25,073	23,546	23,545	2495	J-GAAP
Dec, 2025	Aug 15, 2025	48,470	20,955	19,030	19,030	2420	J-GAAP

Growth Rate

Fiscal Year	Revenue	YoY	Operating Profit	YoY	Ordinary Profit	YoY	Adj. EPS	YoY
Jun, 2013	35,719	+18.1	Available in future release
Dec, 2013	37,134	+17.8
Jun, 2014	36,561	+2.4
Dec, 2014	34,806	-6.3
Jun, 2015	34,593	-5.4
Dec, 2015	34,640	-0.5
Jun, 2016	35,671	+3.1
Dec, 2016	35,849	+3.5
Jun, 2017	36,409	+2.1
Dec, 2017	42,125	+17.5
Jun, 2018	36,635	+0.6
Dec, 2018	37,468	-11.1
Jun, 2019	38,529	+5.2
Dec, 2019	39,134	+4.4
Jun, 2020	38,591	+0.2
Dec, 2020	41,747	+6.7
Jun, 2021	46,213	+19.8
Dec, 2021	50,334	+20.6
Jun, 2022	52,215	+13.0
Dec, 2022	47,366	-5.9
Jun, 2023	47,030	-9.9
Dec, 2023	47,349	0.0
Jun, 2024	50,254	+6.9
Dec, 2024	50,810	+7.3
Jun, 2025	51,218	+1.9
Dec, 2025 Guidance	48,470	-4.6	20,955	-12.9	19,030	-16.0	2,200.0	-17.4

Profitability

Fiscal Year	Revenue	Operating Profit	Operating Profit Margin	ROE	ROA	Total Asset Turnover Ratio	Adj. EPS
Dec, 2024	50,810	24,068	47.4	ー	ー	ー	2,665.0
Jun, 2025	51,218	25,073	49.0	ー	ー	ー	2,768.0
Dec, 2025 Guidance	48,470	20,955	43.2	ー	ー	ー	2,200.0

All-Time High

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	52,215	26,806	25,440	25,439	2,999.6
Fiscal Year	Jun, 2022	Jun, 2022	Jun, 2022	Jun, 2022	Jun, 2022

Cash Flow

Annual

Fiscal Year	Operating Profit	Fee Cash Flow	Operating Cash Flow	Investing Cash Flow	Financial Cash Flow	Cash & Equivalents	Cash Ratio	Accounting Standards
Jun, 2024	24,643	24,178	72,113	-47,935	-25,159	17,903	1.29	J-GAAP
Dec, 2024	24,068	30,574	37,068	-6,494	-22,849	25,627	1.85	J-GAAP
Jun, 2025	25,073	542	56,138	-55,596	-13,236	12,932	0.93	J-GAAP

Actual Performance and Financial Trends

All-Time High Quarterly Results

	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS
Record	－	－	－	－	－
Fiscal Year	－	－	－	－	－

Key Balance Sheet Figures

Fiscal Year	BPS	Equity Ratio	Total Asset	Equity	Retained Earnings	Interest-Bearing Debt Ratio	Announce	Accounting Standards
Jun, 2024	417,421.00	51.3	1,383,883	710,030	36,983	0.77	Aug 15, 2024	J-GAAP
Dec, 2024	83,533.00	51.4	1,382,958	710,444	37,397	0.77	Feb 17, 2025	J-GAAP
Jun, 2025	83,839.00	51.2	1,392,761	713,051	40,004	0.78	Aug 15, 2025	J-GAAP