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Ichigo Office REIT, 42% Decrease in Ordinary Profit for The Current Fiscal Year

Mon Jun 16, 2025 5:10 pm JST Earnings

8975 Ichigo Office REIT Investment Corporation

Earnings Report

Ichigo Office REIT Investment <8975> [TSE REIT] announced its financial results after the market closed on June 16th (17:10). The ordinary profit for the fiscal year ended April 2025 increased by 26.8% from the previous period to 5.17 billion yen. However, for the fiscal year ending October 2025, the ordinary profit is expected to drop by 42.2% from the previous period to 2.99 billion yen.

At the same time, the company increased the distribution for the previous term from 3312 yen to 3330 yen (compared to 2692 yen in the prior term), and plans to set the distribution for the current term at 1992 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
Apr, 2024 8,068 4,094 3,323 3,323 2,195.0 2,199 Jun 14, 2024 J-GAAP
Oct, 2024 9,223 4,991 4,082 4,081 2,635.0 2,692 Dec 16, 2024 J-GAAP
Apr, 2025 10,235 6,094 5,174 5,173 3,327.0 3,330 Jun 16, 2025 J-GAAP
YoY +11.0% +22.1% +26.8% +26.8% +26.3%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr, 2025 Guidance 10,842 6,048 5,146 5,145 3,308.8 3,312 Mar 27, 2025 J-GAAP
Apr, 2025 Results 10,235 6,094 5,174 5,173 3,327.0 3,330 Jun 16, 2025 J-GAAP
Revision Rate -5.6% +0.8% +0.5% +0.5% +0.5%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2024 9,223 4,991 4,082 4,081 2,635.0 2,692 Dec 16, 2024 J-GAAP
Apr, 2025 10,235 6,094 5,174 5,173 3,327.0 3,330 Jun 16, 2025 J-GAAP
Oct, 2025 Guidance 8,141 3,931 2,993 2,992 1,945.4 1,992 Jun 16, 2025 J-GAAP
YoY -20.5% -35.5% -42.2% -42.2% -41.5%

Quarterly Results

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