TYO:3492 Income Statement

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

Millions JPY. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Rental Revenue	10,205	8,105	7,210	6,319	4,936
Gain (Loss) on Sale of Assets (Rev)	724	-	137.58	968.9	643.46
Other Revenue	-	186.61	151.28	287.66	356.62
Total Revenue	10,929	8,292	7,499	7,576	5,936
Revenue Growth (YoY	31.81%	10.57%	-1.02%	27.63%	1.89%
Property Expenses	3,865	3,217	2,924	2,589	2,204
Selling, General & Administrative	4	4.4	4.4	4.8	4.8
Other Operating Expenses	332	221.4	219.19	312.75	157.58
Total Operating Expenses	4,201	3,443	3,148	2,907	2,366
Operating Income	6,728	4,849	4,351	4,669	3,570
Interest Expense	-1,202	-671.06	-589.19	-361.34	-274.55
Interest & Investment Income	11	0.04	0.04	0.94	0.08
Other Non-Operating Income	-	-131.24	-120.75	-222.99	-171.72
EBT Excluding Unusual Items	5,537	4,047	3,641	4,086	3,124
Gain (Loss) on Sale of Assets	-	-	-	-555.21	-3.03
Total Insurance Settlements	-	0.3	0.41	3.44	1.9
Other Unusual Items	-36	-18	-13	-	-
Pretax Income	5,501	4,029	3,629	3,534	3,122
Income Tax Expense	142	50.89	50.83	6.13	82.09
Net Income	5,359	3,978	3,578	3,528	3,040
Net Income to Common	5,359	3,978	3,578	3,528	3,040
Net Income Growth	34.72%	11.19%	1.41%	16.05%	-2.08%
Basic Shares Outstanding	1	1	1	1	0
Diluted Shares Outstanding	1	1	1	1	0
Shares Change (YoY)	23.24%	10.70%	15.60%	24.32%	0.07%
EPS (Basic)	5910.01	5406.43	5382.79	6135.92	6573.60
EPS (Diluted)	5910.01	5406.43	5382.79	6135.92	6573.60
EPS Growth	9.31%	0.44%	-12.27%	-6.66%	-2.15%
Dividend Per Share	-	-	-	6128.000	6256.000
Dividend Growth	-	-	-	-2.05%	-
Operating Margin	61.56%	58.48%	58.02%	61.63%	60.14%
Profit Margin	49.04%	47.98%	47.71%	46.57%	51.22%
EBITDA	8,203	6,028	5,382	5,544	4,230
EBITDA Margin	75.06%	72.69%	71.77%	73.18%	71.26%
D&A For Ebitda	1,475	1,179	1,030	874.39	660.36
EBIT	6,728	4,849	4,351	4,669	3,570
EBIT Margin	61.56%	58.48%	58.02%	61.63%	60.14%
Funds From Operations (FFO)	-	2,405	-	-	-
FFO Payout Ratio	-	151.97%	-	-	-
Effective Tax Rate	2.58%	1.26%	1.40%	0.17%	2.63%
Revenue as Reported	-	3,892	3,613	7,576	5,936

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.