Invincible Investment Corporation (TYO:8963)

Invincible Investment Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Jun 30, 2024	Dec 31, 2023	Jun 30, 2023	Dec 31, 2022
Rental Revenue	43,047	38,138	31,630	28,697	22,183	15,381
Property Management Fees	-	4,774	2,123	6,037	1,747	2,761
Gain (Loss) on Sale of Assets (Rev)	-	-	-	-	-	1,468
Other Revenue	7,615	2,350	6,202	0	3,914	0
Total Revenue	50,662	46,691	39,955	34,734	27,844	19,610
Revenue Growth (YoY	26.80%	16.86%	15.03%	24.75%	41.99%	21.90%
Property Expenses	13,901	13,097	11,716	11,621	10,290	10,867
Selling, General & Administrative	188	143.88	126.74	97.7	121.85	102.27
Other Operating Expenses	1,886	1,063	887.76	69.63	819.06	269.11
Total Operating Expenses	15,975	14,303	12,730	11,788	11,231	11,238
Operating Income	34,687	32,388	27,225	22,946	16,613	8,371
Interest Expense	-4,721	-3,287	-2,276	-1,226	-1,662	-1,173
Interest & Investment Income	34	5.78	0.14	0.24	0.18	0.26
Currency Exchange Gain (Loss)	-	423.97	-76.29	101.9	-68.86	-67.54
Other Non-Operating Income	-326	-1,322	-939.52	-1,875	-893.76	-1,039
EBT Excluding Unusual Items	29,674	28,209	23,933	19,948	13,989	6,092
Other Unusual Items	-170	-170	-	-	-	-
Pretax Income	29,504	28,039	23,933	19,948	13,989	6,092
Income Tax Expense	-	0.61	0.61	1.21	0.61	1.21
Net Income	29,504	28,039	23,933	19,946	13,988	6,090
Net Income to Common	29,504	28,039	23,933	19,946	13,988	6,090
Net Income Growth	23.28%	17.16%	19.98%	42.59%	129.68%	200.14%
Basic Shares Outstanding	8	7	7	6	6	6
Diluted Shares Outstanding	8	7	7	6	6	6
Shares Change (YoY)	13.52%	6.77%	4.99%	5.21%	-	-
EPS (Basic)	3859.12	3899.34	3553.68	3109.60	2294.36	998.96
EPS (Diluted)	3859.12	3899.34	3553.68	3109.60	2294.36	998.96
EPS Growth	8.59%	9.73%	14.28%	35.53%	129.68%	200.14%
Dividend Per Share	-	-	-	3104.000	-	998.000
Operating Margin	68.47%	69.37%	68.14%	66.06%	59.66%	42.69%
Profit Margin	58.24%	60.05%	59.90%	57.43%	50.24%	31.06%
EBITDA	44,885	41,737	35,800	30,910	24,122	15,894
EBITDA Margin	88.60%	89.39%	89.60%	88.99%	86.63%	81.05%
D&A For Ebitda	10,198	9,349	8,575	7,965	7,509	7,522
EBIT	34,687	32,388	27,225	22,946	16,613	8,371
EBIT Margin	68.47%	69.37%	68.14%	66.06%	59.66%	42.69%
Funds From Operations (FFO)	-	17,242	-12,660	-	-3,312	-
FFO Payout Ratio	-	64.07%	-	-	-	-
Effective Tax Rate	-	0.00%	0.00%	0.01%	0.00%	0.02%
Revenue as Reported	-	21,136	18,819	34,734	11,930	19,610

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.