KDX Real Estate, 5% Decrease in Ordinary Profit for The Current Fiscal Year

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Mon Dec 16, 2024 4:00 pm JST Earnings

8972 KDX Real Estate Investment

Earnings Report

KDX Real Estate Investment <8972> [TSE REIT] announced its financial results after the market closed on December 16th (16:00). The ordinary profit for the fiscal year ending October 2024 increased 13.0% from the previous period to 17 billion yen. However, for the fiscal year ending April 2025, the profit is expected to decrease by 5.2% from the previous period to 16.1 billion yen.

At the same time, the company increased the distribution for the previous term from 3924 yen to 4030 yen (compared to 3927 yen in the prior term), and plans to set the distribution for the current term at 3930 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
Oct, 2023	16,655	7,494	6,572	6,571	3,872.0	3,872.50	Dec 14, 2023	J-GAAP
Apr, 2024	38,654	17,346	15,049	32,387	7,834.0	3,927	Jun 18, 2024	J-GAAP
Oct, 2024	39,405	19,466	17,008	17,007	4,169.0	4,030	Dec 16, 2024	J-GAAP
YoY	+1.9%	+12.2%	+13.0%	-47.5%	-46.8%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct, 2024 Guidance	38,601	19,020	16,574	16,574	4,062.9	3,924	Jun 18, 2024	J-GAAP
Oct, 2024 Results	39,405	19,466	17,008	17,007	4,169.0	4,030	Dec 16, 2024	J-GAAP
Revision Rate	+2.1%	+2.3%	+2.6%	+2.6%	+2.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr, 2024	38,654	17,346	15,049	32,387	7,834.0	3,927	Jun 18, 2024	J-GAAP
Oct, 2024	39,405	19,466	17,008	17,007	4,169.0	4,030	Dec 16, 2024	J-GAAP
Apr, 2025 Guidance	38,129	18,700	16,124	16,123	3,952.4	3,930	Dec 16, 2024	J-GAAP
YoY	-3.2%	-3.9%	-5.2%	-5.2%	-5.2%

Quarterly Results