Daiwa Office Investment Corporation (TYO:8976)

Daiwa Office Investment Income Statement

Financials in millions JPY. Fiscal year is June - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Rental Revenue	29,078	28,291	27,217	27,423	27,456	28,541
Gain (Loss) on Sale of Assets (Rev)	2,153	2,132	-	1,519	900	1,363
Other Revenue	33	-	0	0	-	-
Total Revenue	31,264	30,423	27,217	28,942	28,356	29,905
Revenue Growth (YoY	8.61%	11.78%	-5.96%	2.06%	-5.18%	5.42%
Property Expenses	14,260	14,022	13,195	13,786	12,630	13,589
Selling, General & Administrative	208	215	195.31	201.68	201.32	205.35
Other Operating Expenses	280	291	206.44	225.36	251.45	257.2
Total Operating Expenses	14,748	14,528	13,597	14,213	13,082	14,051
Operating Income	16,516	15,895	13,620	14,729	15,274	15,854
Interest Expense	-2,095	-1,787	-921.46	-849.5	-986.75	-916.53
Interest & Investment Income	10	3	0.06	0.03	0.02	0.03
Other Non-Operating Income	14	1	-336.02	-306.69	-10.82	-279.72
EBT Excluding Unusual Items	14,445	14,112	12,362	13,572	14,276	14,657
Total Insurance Settlements	-	-	3.26	21.09	0.56	17.33
Other Unusual Items	-	-	1.21	1.78	0.52	1.25
Pretax Income	14,445	14,112	12,367	13,595	14,278	14,676
Income Tax Expense	-	-	-39.76	-16.62	-14.71	1.62
Net Income	14,445	14,112	12,406	13,612	14,292	14,674
Net Income to Common	14,445	14,112	12,406	13,612	14,292	14,674
Net Income Growth	7.98%	13.75%	-8.86%	-4.76%	-2.60%	11.59%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-1.19%	-0.94%	-	-1.72%	-0.86%	-0.21%
EPS (Basic)	15340.84	14892.72	12970.37	14230.66	14684.66	14947.30
EPS (Diluted)	15340.84	14892.72	12970.37	14230.66	14684.66	14947.30
EPS Growth	9.29%	14.82%	-8.86%	-3.09%	-1.76%	11.82%
Dividend Per Share	-	-	13700.000	13700.000	-	13908.500
Operating Margin	52.83%	52.25%	50.04%	50.89%	53.86%	53.01%
Profit Margin	46.20%	46.39%	45.58%	47.03%	50.40%	49.07%
EBITDA	20,295	19,718	17,234	18,317	18,878	19,504
EBITDA Margin	64.92%	64.81%	63.32%	63.29%	66.57%	65.22%
D&A For Ebitda	3,779	3,823	3,615	3,589	3,604	3,651
EBIT	16,516	15,895	13,620	14,729	15,274	15,854
EBIT Margin	52.83%	52.25%	50.04%	50.89%	53.86%	53.01%
Effective Tax Rate	-	-	-	-	-	0.01%
Revenue as Reported	-	-	27,217	28,942	13,882	29,905

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