TYO:2971 Income Statement

Financials in millions JPY. Fiscal year is February - January.

Millions JPY. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '25 Jul 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Rental Revenue	5,041	4,617	4,383	5,247	4,386	3,824
Gain (Loss) on Sale of Assets (Rev)	-	563.53	-	-	-	-
Other Revenue	878.54	662.72	559.27	-	-	-
Total Revenue	5,919	5,843	4,942	5,247	4,386	3,824
Revenue Growth (YoY	7.74%	18.23%	-5.81%	19.63%	14.70%	28.41%
Property Expenses	2,666	2,400	2,266	2,366	1,657	1,498
Selling, General & Administrative	34.29	35.08	31.11	32	30	28
Other Operating Expenses	111.02	121.53	114.54	104	99	75
Total Operating Expenses	2,811	2,556	2,412	2,502	1,786	1,601
Operating Income	3,108	3,287	2,530	2,745	2,600	2,223
Interest Expense	-342.55	-241.08	-161.98	-278	-300	-197
Interest & Investment Income	3.63	0.89	0.05	-	-	-
Other Non-Operating Income	-115.91	-90.56	-91.41	-5	-12	-19
EBT Excluding Unusual Items	2,653	2,957	2,277	2,462	2,288	2,007
Gain (Loss) on Sale of Assets	-	-535.41	-	-	-	-
Other Unusual Items	3.3	2.65	-	666	-22	-19
Pretax Income	2,656	2,424	2,277	3,128	2,266	1,988
Income Tax Expense	1.68	1.75	1.36	1	1	-
Net Income	2,655	2,422	2,276	3,127	2,265	1,988
Net Income to Common	2,655	2,422	2,276	3,127	2,265	1,988
Net Income Growth	15.16%	6.43%	-27.22%	38.06%	13.93%	28.01%
Basic Shares Outstanding	0	0	0	0	0	0
Diluted Shares Outstanding	0	0	0	0	0	0
Shares Change (YoY)	2.12%	1.58%	-	11.00%	12.21%	22.19%
EPS (Basic)	7360.03	6774.29	6465.70	8884.36	7143.06	7034.90
EPS (Diluted)	7360.03	6774.29	6465.70	8884.36	7143.06	7034.90
EPS Growth	12.77%	4.77%	-27.22%	24.38%	1.54%	4.77%
Dividend Per Share	7360.000	6716.000	6465.000	-	-	-
Dividend Growth	13.77%	3.88%	-	-	-	-
Operating Margin	52.50%	56.26%	51.20%	52.32%	59.28%	58.13%
Profit Margin	44.85%	41.45%	46.05%	59.60%	51.64%	51.99%
EBITDA	3,532	3,699	2,903	3,101	2,907	2,484
EBITDA Margin	59.68%	63.29%	58.74%	59.10%	66.28%	64.96%
D&A For Ebitda	424.58	411.26	372.55	356	307	261
EBIT	3,108	3,287	2,530	2,745	2,600	2,223
EBIT Margin	52.50%	56.26%	51.20%	52.32%	59.28%	58.13%
Funds From Operations (FFO)	3,078	2,804	2,646	-	-	-
Adjusted Funds From Operations (AFFO)	-	2,804	2,646	-	-	-
FFO Payout Ratio	78.69%	82.28%	113.39%	-	-	-
Effective Tax Rate	0.06%	0.07%	0.06%	0.03%	0.04%	-
Revenue as Reported	5,919	5,843	4,942	-	-	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.