Star Asia Investment Income Statement

Financials in millions JPY. Fiscal year is August - July.

Millions JPY. Fiscal year is Aug - Jul.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Rental Revenue	19,392	18,760	15,573	12,966	11,951	11,185
Gain (Loss) on Sale of Assets (Rev)	714	764.72	374.52	414	-	993.57
Other Revenue	151	153.42	130.44	51.86	97.95	54.43
Total Revenue	20,257	19,678	16,078	13,432	12,049	12,233
Revenue Growth (YoY	13.78%	22.39%	19.70%	11.48%	-1.50%	69.36%
Property Expenses	8,299	8,115	7,105	6,184	5,673	5,240
Selling, General & Administrative	125	62.4	54.4	46.4	4.8	4.8
Other Operating Expenses	286	270.71	269.77	246.2	236.15	304.5
Total Operating Expenses	8,710	8,448	7,429	6,477	5,914	5,549
Operating Income	11,547	11,230	8,649	6,956	6,136	6,684
Interest Expense	-1,937	-1,557	-1,117	-898.44	-683.05	-600.96
Interest & Investment Income	18	7.14	0.06	0.06	0.47	0.12
Other Non-Operating Income	-4	-303.28	-316.9	-191.12	-378.4	-303.18
EBT Excluding Unusual Items	9,624	9,377	7,215	5,866	5,075	5,780
Merger & Restructuring Charges	-	-	-	-	-	-448.87
Gain (Loss) on Sale of Assets	-	-	-	-	0.52	-19.29
Other Unusual Items	-37	-20.15	-18.42	-10.52	2.8	8,899
Pretax Income	9,587	9,357	7,196	5,856	5,078	14,210
Income Tax Expense	-	0.61	0.61	0.61	1.21	1.21
Net Income	9,587	9,356	7,196	5,855	5,077	14,209
Net Income to Common	9,587	9,356	7,196	5,855	5,077	14,209
Net Income Growth	17.04%	30.02%	22.90%	15.33%	-64.27%	324.15%
Basic Shares Outstanding	3	3	2	2	2	2
Diluted Shares Outstanding	3	3	2	2	2	2
Shares Change (YoY)	7.21%	13.48%	22.50%	7.39%	6.57%	106.40%
EPS (Basic)	3567.92	3512.25	3065.30	3055.34	2845.12	8486.10
EPS (Diluted)	3567.92	3512.25	3065.30	3055.34	2845.12	8486.10
EPS Growth	9.17%	14.58%	0.33%	7.39%	-66.47%	105.50%
Dividend Per Share	-	-	-	-	2954.000	3138.000
Dividend Growth	-	-	-	-	-5.86%	-
Operating Margin	57.00%	57.07%	53.79%	51.78%	50.92%	54.64%
Profit Margin	47.33%	47.55%	44.76%	43.59%	42.13%	116.15%
EBITDA	13,947	13,561	10,668	8,475	7,516	7,945
EBITDA Margin	68.85%	68.91%	66.35%	63.10%	62.37%	64.95%
D&A For Ebitda	2,400	2,331	2,020	1,520	1,380	1,261
EBIT	11,547	11,230	8,649	6,956	6,136	6,684
EBIT Margin	57.00%	57.07%	53.79%	51.78%	50.92%	54.64%
Funds From Operations (FFO)	-	5,342	4,116	-	-	-
FFO Payout Ratio	-	156.38%	161.84%	-	-	-
Effective Tax Rate	-	0.01%	0.01%	0.01%	0.02%	0.01%
Revenue as Reported	-	9,690	7,965	6,486	12,049	12,233

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.