Ichigo Office REIT Toshi Hojin

Latest Results (23.05.2024):

Revenue and Profit Decline

In the October 2023 fiscal period, Ichigo Office REIT Toshi Hojin reported a significant decrease in operating revenue, which fell by 36.1% to 7,914 million JPY compared to 12,380 million JPY in the previous period. Similarly, net income also saw a sharp decline of 51.6%, amounting to 3,095 million JPY down from 6,390 million JPY.

Dividend Payments

Despite the decrease in net income, Ichigo Office REIT Toshi Hojin maintained its dividend payments. For October 2023, the dividend per share was 2,115 JPY, totaling 3,200 million JPY in dividends, which included a negative goodwill amortization of 105 million JPY.

Asset and Equity Status

As of October 2023, Ichigo Office REIT Toshi Hojin's total assets were valued at 231,001 million JPY, a slight decrease from 235,897 million JPY in April 2023. Net assets also decreased to 101,999 million JPY from 105,296 million JPY, with the shareholder equity ratio slightly reduced to 44.2% from 44.6%.

Cash Flow and Liquidity

The cash flow from operations for Ichigo Office REIT Toshi Hojin in October 2023 was 4,017 million JPY, a decrease compared to 13,039 million JPY in April 2023. The cash and cash equivalents at the end of the period stood at 20,486 million JPY, down from 25,659 million JPY at the end of the previous period.

Future Earnings Forecast

Looking ahead, Ichigo Office REIT Toshi Hojin projects a slight increase in operating revenue for the April 2024 fiscal period, estimating it at 7,923 million JPY, which is a 0.1% increase from October 2023. The forecast for net income is set at 2,931 million JPY, marking a 5.3% decrease from the current period.