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HEIWA REAL ESTATE REIT, 6% Increase in Ordinary Profit, Update Record High for Second Consecutive Term

Wed Jul 16, 2025 3:30 pm JST Earnings

8966 HEIWA REAL ESTATE REIT,Inc.

Earnings Report

HEIWA REAL ESTATE REIT <8966> [TSE REIT] announced its financial results after the market closed on July 16th (15:30). The ordinary profit for the fiscal year ended May 2025 increased by 19.1% from the previous period to 4.88 billion yen. For the fiscal year ending November 2025, the ordinary profit is expected to grow by 5.7% to 5.16 billion yen, marking the second consecutive term of record-high profits.

At the same time, the company plans to set the distribution for the current term at 3950 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
May, 2024 8,735 4,483 3,939 3,938 3,424.0 3,380 Jul 17, 2024 J-GAAP
Nov, 2024 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
May, 2025 10,154 5,556 4,882 4,881 4,085.0 3,850 Jul 16, 2025 J-GAAP
YoY +12.3% +18.4% +19.1% +19.1% +19.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 Guidance 10,157 5,582 4,912 4,912 4,110.7 3,850 Apr 10, 2025 J-GAAP
May, 2025 Results 10,154 5,556 4,882 4,881 4,085.0 3,850 Jul 16, 2025 J-GAAP
Revision Rate 0.0% -0.5% -0.6% -0.6% -0.6%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
May, 2025 10,154 5,556 4,882 4,881 4,085.0 3,850 Jul 16, 2025 J-GAAP
Nov, 2025 Guidance 10,648 5,928 5,161 5,161 4,123.7 3,950 Jul 16, 2025 J-GAAP
YoY +4.9% +6.7% +5.7% +5.7% +0.9%

Quarterly Results

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