TYO:3226 Income Statement

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

Millions JPY. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Rental Revenue	26,023	25,530	25,085	24,670	24,202	23,079
Gain (Loss) on Sale of Assets (Rev)	-	-	548	107	-	-
Other Revenue	-1	-	2	-	1	1
Total Revenue	26,022	25,530	25,635	24,777	24,203	23,080
Revenue Growth (YoY	2.90%	-0.41%	3.46%	2.37%	4.87%	-2.87%
Property Expenses	8,678	8,592	8,443	8,316	8,053	7,647
Depreciation & Amortization	3,833	3,800	3,830	3,989	4,098	3,981
Other Operating Expenses	963	939	929	905	889	847
Total Operating Expenses	13,474	13,331	13,202	13,210	13,040	12,475
Operating Income	12,548	12,199	12,433	11,567	11,163	10,605
Interest Expense	-917	-834	-808	-826	-869	-857
Interest & Investment Income	47	31	77	20	7	44
Other Non-Operating Income	-34	-33	-41	-43	-45	-34
EBT Excluding Unusual Items	11,644	11,363	11,661	10,718	10,256	9,758
Pretax Income	11,644	11,363	11,661	10,718	10,256	9,758
Income Tax Expense	1	-	-	-	-	-
Net Income	11,643	11,363	11,661	10,718	10,256	9,758
Net Income to Common	11,643	11,363	11,661	10,718	10,256	9,758
Net Income Growth	2.68%	-2.56%	8.80%	4.50%	5.10%	-6.96%
Basic Shares Outstanding	3	3	3	3	3	2
Diluted Shares Outstanding	3	3	3	3	3	2
Shares Change (YoY)	-	-	-	-	3.08%	0.80%
EPS (Basic)	4625.08	4513.86	4632.23	4257.63	4074.11	3995.71
EPS (Diluted)	4625.08	4513.86	4632.23	4257.63	4074.11	3995.71
EPS Growth	2.68%	-2.56%	8.80%	4.50%	1.96%	-7.70%
Dividend Per Share	4625.200	4514.000	4420.800	4215.400	4104.000	4037.600
Dividend Growth	2.68%	2.11%	4.87%	2.71%	1.65%	-
Operating Margin	48.22%	47.78%	48.50%	46.68%	46.12%	45.95%
Profit Margin	44.74%	44.51%	45.49%	43.26%	42.38%	42.28%
EBITDA	16,381	15,999	16,263	15,556	15,261	14,586
EBITDA Margin	62.95%	62.67%	63.44%	62.78%	63.05%	63.20%
D&A For Ebitda	3,833	3,800	3,830	3,989	4,098	3,981
EBIT	12,548	12,199	12,433	11,567	11,163	10,605
EBIT Margin	48.22%	47.78%	48.50%	46.68%	46.12%	45.95%
Funds From Operations (FFO)	15,477	15,163	14,944	14,601	14,355	6,844
Adjusted Funds From Operations (AFFO)	-	15,163	14,944	14,601	14,355	6,844
FFO Payout Ratio	73.41%	74.77%	72.16%	71.66%	70.55%	142.65%
Effective Tax Rate	0.01%	-	-	-	-	-
Revenue as Reported	26,023	25,531	25,635	24,778	24,203	23,080

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