Invincible Investment Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	2017 - 2021
Period Ending	Dec '24 Dec 31, 2024	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Jun '23 Jun 30, 2023	Dec '22 Dec 31, 2022	2017 - 2021
Rental Revenue	38,138	31,630	28,697	22,183	15,381	Upgrade
Property Management Fees	4,774	2,123	6,037	1,747	2,761	Upgrade
Gain (Loss) on Sale of Assets (Rev)	-	-	-	-	1,468	Upgrade
Other Revenue	2,350	6,202	0	3,914	0	Upgrade
Total Revenue	46,691	39,955	34,734	27,844	19,610	Upgrade
Revenue Growth (YoY	16.86%	15.03%	24.75%	41.99%	21.90%	Upgrade
Property Expenses	13,097	11,716	11,621	10,290	10,867	Upgrade
Selling, General & Administrative	143.88	126.74	97.7	121.85	102.27	Upgrade
Other Operating Expenses	1,063	887.76	69.63	819.06	269.11	Upgrade
Total Operating Expenses	14,303	12,730	11,788	11,231	11,238	Upgrade
Operating Income	32,388	27,225	22,946	16,613	8,371	Upgrade
Interest Expense	-3,287	-2,276	-1,226	-1,662	-1,173	Upgrade
Interest & Investment Income	5.78	0.14	0.24	0.18	0.26	Upgrade
Currency Exchange Gain (Loss)	423.97	-76.29	101.9	-68.86	-67.54	Upgrade
Other Non-Operating Income	-1,322	-939.52	-1,875	-893.76	-1,039	Upgrade
EBT Excluding Unusual Items	28,209	23,933	19,948	13,989	6,092	Upgrade
Other Unusual Items	-170	-	-	-	-	Upgrade
Pretax Income	28,039	23,933	19,948	13,989	6,092	Upgrade
Income Tax Expense	0.61	0.61	1.21	0.61	1.21	Upgrade
Net Income	28,039	23,933	19,946	13,988	6,090	Upgrade
Net Income to Common	28,039	23,933	19,946	13,988	6,090	Upgrade
Net Income Growth	17.16%	19.98%	42.59%	129.68%	200.14%	Upgrade
Basic Shares Outstanding	7	7	6	6	6	Upgrade
Diluted Shares Outstanding	7	7	6	6	6	Upgrade
Shares Change (YoY)	6.77%	4.99%	5.21%	-	-	Upgrade
EPS (Basic)	3899.34	3553.68	3109.60	2294.36	998.96	Upgrade
EPS (Diluted)	3899.34	3553.68	3109.60	2294.36	998.96	Upgrade
EPS Growth	9.73%	14.28%	35.53%	129.68%	200.14%	Upgrade
Dividend Per Share	-	-	3104.000	-	998.000	Upgrade
Operating Margin	69.37%	68.14%	66.06%	59.66%	42.69%	Upgrade
Profit Margin	60.05%	59.90%	57.43%	50.24%	31.06%	Upgrade
EBITDA	41,737	35,800	30,910	24,122	15,894	Upgrade
EBITDA Margin	89.39%	89.60%	88.99%	86.63%	81.05%	Upgrade
D&A For Ebitda	9,349	8,575	7,965	7,509	7,522	Upgrade
EBIT	32,388	27,225	22,946	16,613	8,371	Upgrade
EBIT Margin	69.37%	68.14%	66.06%	59.66%	42.69%	Upgrade
Funds From Operations (FFO)	17,242	-12,660	-	-3,312	-	Upgrade
FFO Payout Ratio	64.07%	-	-	-	-	Upgrade
Effective Tax Rate	0.00%	0.00%	0.01%	0.00%	0.02%	Upgrade
Revenue as Reported	21,136	18,819	34,734	11,930	19,610	Upgrade

Updated Feb 26, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.