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Japan Hotel REIT, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%, Raises Record High Profit Forecast, Distribution Revised Upward by 369 Yen

Mon Aug 25, 2025 3:30 pm JST Earnings

8985 Japan Hotel REIT Investment Corporation

Earnings Report

Japan Hotel REIT Investment <8985> [TSE REIT] announced its financial results after the market closed on August 25th (15:30). The ordinary profit for Interim results of the fiscal year ending December 2025 (January to June) expanded 12.3 billion yen, an increase 66.4% compared to the same period last year, exceeded the previous forecast of 10.6 billion yen.

In addition, the full-year forecast for ordinary profit has been revised upward 7.8%, from the previous forecast of 23.8 billion yen to 25.6 billion yen (compared to 18.2 billion yen in the previous period), increasing the growth rate from 30.3% to 40.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the ordinary profit for the July to December period (second half) is expected to grow 22.7% from the same period last year, reaching 13.2 billion yen.

In light of the strong performance, the company has increased its planned distribution for the current fiscal year from the original plan of 4461 yen to 4830 yen (compared to 3937 yen in the previous period).

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Actual Results

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 19,756 12,793 10,626 11,017 2,161.5 － Feb 25, 2025 J-GAAP
Jan - Jun, 2025 Results 21,481 14,457 12,367 12,764 2,504.0 － Aug 25, 2025 J-GAAP
Revision Rate +8.7% +13.0% +16.4% +15.9% +15.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 42,732 28,205 23,806 24,195 4,746.9 4,461 Feb 25, 2025 J-GAAP
Dec, 2025 New 44,669 30,221 25,666 26,063 5,113.4 4,830 Aug 25, 2025 J-GAAP
Revision Rate +4.5% +7.1% +7.8% +7.7% +7.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 19,119 12,281 10,839 10,839 2,227.5 3,937 Feb 25, 2025 J-GAAP
Jul - Dec, 2025 Guidance 23,188 15,764 13,299 13,299 2,609.2 4,830 Aug 25, 2025 J-GAAP
YoY +21.3% +28.4% +22.7% +22.7% +17.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 26,574 15,014 13,135 13,134 2,909.0 3,015 Feb 21, 2024 J-GAAP
Dec, 2024 33,481 20,779 18,273 18,272 3,755.0 3,937 Feb 25, 2025 J-GAAP
Dec, 2025 Guidance 44,669 30,221 25,666 26,063 5,113.4 4,830 Aug 25, 2025 J-GAAP
YoY +33.4% +45.4% +40.5% +42.6% +36.2%

Quarterly Results

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