Japan Excellent Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	20,662	21,646	18,574	18,838	20,512	20,249
Gain (Loss) on Sale of Assets (Rev)	2,458	2,417	4,381	1,328	-	2,018
Other Revenue	867.52	149	1,607	1,571	722.08	1,494
Total Revenue	23,987	24,212	24,563	21,737	21,234	23,761
Revenue Growth (YoY	7.76%	-1.43%	13.00%	2.37%	-10.64%	10.22%
Property Expenses	12,513	12,908	12,494	12,600	11,852	12,229
Selling, General & Administrative	113.72	134	90.23	91.75	112.01	91.95
Other Operating Expenses	243.41	236	249.82	229.33	192.79	224.67
Total Operating Expenses	12,871	13,278	12,834	12,921	12,157	12,546
Operating Income	11,117	10,934	11,729	8,816	9,077	11,216
Interest Expense	-1,515	-1,352	-1,202	-1,232	-1,244	-1,263
Interest & Investment Income	223.78	1	118.22	28.42	0.18	0.25
Other Non-Operating Income	-16.71	-27	-8.68	-6.77	-9.55	-29.61
EBT Excluding Unusual Items	9,809	9,556	10,637	7,606	7,823	9,923
Gain (Loss) on Sale of Assets	-1,614	-1,614	-2,704	-	-	-
Pretax Income	8,195	7,942	7,933	7,606	7,823	9,923
Income Tax Expense	0.89	-	1.81	1.66	1.12	1.26
Net Income	8,194	7,942	7,931	7,604	7,822	9,922
Net Income to Common	8,194	7,942	7,931	7,604	7,822	9,922
Net Income Growth	-0.68%	0.14%	4.30%	-2.78%	-21.17%	67.14%
Basic Shares Outstanding	1	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1	1
Shares Change (YoY)	-3.23%	-0.90%	-0.23%	-0.91%	-	3.62%
EPS (Basic)	6232.30	5991.70	5929.40	5671.42	5780.96	7333.10
EPS (Diluted)	6232.30	5991.70	5929.40	5671.42	5780.96	7333.10
EPS Growth	0.74%	1.05%	4.55%	-1.90%	-21.17%	61.30%
Dividend Per Share	-	-	5600.000	5600.000	-	5960.000
Operating Margin	46.34%	45.16%	47.75%	40.56%	42.75%	47.20%
Profit Margin	34.16%	32.80%	32.29%	34.98%	36.84%	41.76%
EBITDA	14,759	14,677	15,472	12,687	12,830	14,989
EBITDA Margin	-	60.62%	62.99%	58.37%	60.42%	63.08%
D&A For Ebitda	3,642	3,743	3,743	3,871	3,754	3,774
EBIT	11,117	10,934	11,729	8,816	9,077	11,216
EBIT Margin	-	45.16%	47.75%	40.56%	42.75%	47.20%
Effective Tax Rate	-	-	0.02%	0.02%	0.01%	0.01%
Revenue as Reported	11,448	-	24,681	21,765	10,568	-

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