Industrial & Infrastructure Fund Investment Corporation (TYO: 3249)

Industrial & Infrastructure Fund Investment Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2024	Jan 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Rental Revenue	36,516	34,153	33,479	32,541	29,772	21,542
Gain (Loss) on Sale of Assets (Rev)	-	-	861	858	920	-
Other Revenue	-1	-	1	-1	6	4
Total Revenue	36,728	34,153	34,342	33,399	30,698	21,548
Revenue Growth (YoY	6.95%	-0.55%	2.82%	8.80%	42.46%	5.59%
Property Expenses	20,424	18,893	20,095	19,023	14,560	8,941
Selling, General & Administrative	103.72	95	102	99	108	94
Other Operating Expenses	352.46	297	298	311	376	228
Total Operating Expenses	20,880	19,285	20,495	19,433	15,044	9,263
Operating Income	15,848	14,868	13,847	13,966	15,654	12,285
Interest Expense	-1,689	-1,414	-1,654	-1,657	-1,840	-1,539
Interest & Investment Income	0.2	-	-	-	-	1
Other Non-Operating Income	-544.58	-468	-263	-272	-10	-281
EBT Excluding Unusual Items	13,614	12,986	11,930	12,037	13,804	10,466
Gain (Loss) on Sale of Assets	2,503	1,860	1,450	285	-370	485
Asset Writedown	-185	-185	-	-	-	-
Other Unusual Items	-	-	-20	-43	-106	-62
Pretax Income	15,932	14,661	13,360	12,279	13,328	10,889
Income Tax Expense	3.52	-	1	1	2	1
Net Income	15,929	14,661	13,359	12,278	13,326	10,888
Net Income to Common	15,929	14,661	13,359	12,278	13,326	10,888
Net Income Growth	19.24%	9.75%	8.80%	-7.86%	22.39%	10.94%
Basic Shares Outstanding	2	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2	2
Shares Change (YoY)	9.91%	1.04%	0.76%	-	12.05%	7.70%
EPS (Basic)	6948.10	6956.56	6404.87	5931.36	6437.63	5893.77
EPS (Diluted)	6948.10	6956.56	6404.87	5931.36	6437.63	5893.77
EPS Growth	8.48%	8.61%	7.98%	-7.86%	9.23%	3.01%
Dividend Per Share	6944.000	6716.000	-	-	-	-
Operating Margin	43.15%	43.53%	40.32%	41.82%	50.99%	57.01%
Profit Margin	43.37%	42.93%	38.90%	36.76%	43.41%	50.53%
Free Cash Flow Margin	79.23%	64.75%	56.54%	78.35%	111.96%	65.52%
EBITDA	20,786	18,683	18,341	18,632	19,606	15,407
EBITDA Margin	56.60%	54.70%	53.41%	55.79%	63.87%	71.50%
D&A For Ebitda	4,939	3,815	4,494	4,666	3,952	3,122
EBIT	15,848	14,868	13,847	13,966	15,654	12,285
EBIT Margin	43.15%	43.53%	40.32%	41.82%	50.99%	57.01%
Effective Tax Rate	0.02%	-	0.01%	0.01%	0.01%	0.01%
Revenue as Reported	39,233	36,015	17,944	16,493	-	11,049

Source: S&P Capital IQ. Real Estate template. Financial Sources.