Investor Presentaiton
October 2024 Forecast
Revenue & Dividend Forecast to Increase Due to Continued Asset
Management Stability
(JPY million)
April 2024
Forecast (B)
October 2024
Forecast (A)
vs. April 2024
(A) - (B)
Major Variation Factors (vs. April 2024)
Increase in Rental Income +24
Operating Revenue
7,923
7,948
+24
Increase in rental income +96
Decrease in utilities income -70
Operating Profit
3,708
3,838
+129
Decrease in Rental Expenses -137
Recurring Profit
2,931
3,021
+90
Decrease in service provider expenses (mainly brokerage fees) -48
Decrease in utilities expenses -77
Decrease in depreciation expenses -35
Increase in repair expenses +26
Net Income
2,931
3,021
+90
Dividend Reserve (-)
Dividend Reserve Release (+)
105
105
Increase in Operating Expenses (excluding Rental Expenses) +32
Increase in NOI & Dividend Performance Fee due to revenue increase +37
Decrease in Extraordinary Shareholder Meeting-related expenses -5
Increase in shareholder meeting expenses +2
Increase in research/engineering report fees +5
Increase in Non-Operating Expenses +39
Dividend
JPY 2,006
JPY 2,066
+JPY 60
Increase in interest payments due to new loans +22
Increase in borrowing-related expenses +16
EPS
JPY 1,936
JPY 1,996
+JPY 60
No. Of Shares Outstanding
1,513,367
1,513,367
-
Reference: Capex
October 2024 Forecast 1,107
Reference: October 2024 Forecast (Post-Dividend)
ΝΟΙ
5,468
5,595
+126
Negative Goodwill Reserve 8,374
Dividend Reserve 3,471
No. Of Assets
88
88
Occupancy (on Last Day of Period)
96.7%
97.0%
+0.2%
Average Occupancy
96.1%
97.4%
+1.3%
*
NOI
Rental Income - Rental Expenses + Depreciation
No. Of Assets is as of Period-End
一期一会|
ICHIGO
Base EPS calculated by deducting Gains on Sale and the impact of Gains on Sale on asset management fee
O Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved.
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