Japan Hotel & Residential Investment Corporation announced revisions to its earnings and distribution forecasts after the market close on 4 November. It upwardly revised its ordinary profit forecast for the current fiscal year from the previous ¥850 million to ¥860 million and increased the distribution from ¥1,989 to ¥2,017.
Japan Hotel & Residential Investment Corporation announced an upward revision to its earnings outlook for the fiscal year ending November 2026. Ordinary profit was revised from the previous forecast of ¥850 million to ¥860 million, compared with ¥890 million in the previous fiscal year. The decline in profit is expected to narrow from 3.9% to 2.6%.
The distribution forecast was also raised from the previous plan of ¥1,989 to ¥2,017. The previous fiscal year's distribution was ¥2,068, and the revision is intended to support stable distributions.
The company announced the revision after the market close on 4 November, and the article was prepared based on numerical data disclosed by the company. Readers are advised to check the earnings summary when making investment decisions.
This article is based on reporting by Kabutan News. Continued disclosures will be needed to assess market reaction and whether additional information will be provided.