Activia Properties Income Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Rental Revenue	29,764	28,807	27,920	28,184	30,112
Gain (Loss) on Sale of Assets (Rev)	51.6	490.31	4,650	967.22	250.32
Other Revenue	2,604	2,321	2,256	2,539	0
Total Revenue	32,420	31,619	34,827	31,691	30,362
Revenue Growth (YoY	2.53%	-9.21%	9.90%	4.38%	1.01%
Property Expenses	15,564	15,101	14,950	13,848	13,179
Selling, General & Administrative	92.16	87.08	89.17	86.11	82.67
Other Operating Expenses	162.28	192.98	324.93	209.35	227.99
Total Operating Expenses	15,819	15,381	15,364	14,144	13,489
Operating Income	16,601	16,238	19,463	17,547	16,873
Interest Expense	-1,873	-1,623	-1,507	-1,423	-1,351
Interest & Investment Income	27.11	1.84	0.84	0.17	0.17
Other Non-Operating Income	-429.25	-429.12	-427.68	-391.54	-477.2
EBT Excluding Unusual Items	14,326	14,187	17,529	15,733	15,045
Total Insurance Settlements	-	-	0.88	0.52	0.86
Asset Writedown	-15.43	-23.41	-47.83	-1.1	-13.09
Pretax Income	14,310	14,164	17,482	15,732	15,032
Income Tax Expense	1.22	1.49	16.5	156.2	29.15
Net Income	14,309	14,162	17,465	15,576	15,003
Net Income to Common	14,309	14,162	17,465	15,576	15,003
Net Income Growth	1.04%	-18.91%	12.13%	3.82%	2.09%
Basic Shares Outstanding	2	2	2	2	2
Diluted Shares Outstanding	2	2	2	2	2
Shares Change (YoY)	-0.43%	-1.69%	-0.73%	4.11%	1.53%
EPS (Basic)	6021.56	5934.23	7194.32	6368.90	6386.66
EPS (Diluted)	6021.56	5934.23	7194.32	6368.90	6386.66
EPS Growth	1.47%	-17.52%	12.96%	-0.28%	0.55%
Dividend Per Share	6023.000	6221.667	6495.333	6270.000	6253.667
Dividend Growth	-3.19%	-4.21%	3.59%	0.26%	-1.35%
Operating Margin	51.21%	51.35%	55.88%	55.37%	55.57%
Profit Margin	44.14%	44.79%	50.15%	49.15%	49.41%
EBITDA	19,837	19,326	22,403	20,291	19,600
EBITDA Margin	61.19%	61.12%	64.33%	64.03%	64.55%
D&A For Ebitda	3,236	3,088	2,941	2,744	2,727
EBIT	16,601	16,238	19,463	17,547	16,873
EBIT Margin	51.21%	51.35%	55.88%	55.37%	55.57%
Effective Tax Rate	0.01%	0.01%	0.09%	0.99%	0.19%
Revenue as Reported	32,420	31,619	34,827	31,691	30,362

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