Japan Real Estate Investment Corp
TSE:8952
Income Statement
Earnings Waterfall
Japan Real Estate Investment Corp
Income Statement
Japan Real Estate Investment Corp
| Sep-2004 | Mar-2005 | Sep-2005 | Mar-2006 | Sep-2006 | Mar-2007 | Sep-2007 | Mar-2008 | Sep-2008 | Mar-2009 | Sep-2009 | Mar-2010 | Sep-2010 | Mar-2011 | Sep-2011 | Mar-2012 | Sep-2012 | Mar-2013 | Sep-2013 | Mar-2014 | Sep-2014 | Mar-2015 | Sep-2015 | Mar-2016 | Sep-2016 | Mar-2017 | Sep-2017 | Mar-2018 | Sep-2018 | Mar-2019 | Sep-2019 | Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
944
|
1 034
|
1 151
|
1 302
|
1 747
|
2 085
|
2 178
|
2 358
|
2 622
|
2 937
|
3 101
|
3 164
|
3 442
|
3 684
|
3 642
|
3 623
|
3 683
|
3 671
|
3 570
|
3 478
|
3 370
|
3 259
|
3 150
|
3 037
|
2 907
|
2 736
|
2 566
|
2 429
|
2 335
|
2 212
|
2 153
|
2 064
|
1 952
|
1 906
|
1 842
|
1 785
|
1 729
|
1 683
|
1 743
|
1 886
|
2 081
|
2 327
|
0
|
|
| Revenue |
19 712
N/A
|
20 899
+6%
|
23 868
+14%
|
27 083
+13%
|
29 533
+9%
|
32 530
+10%
|
34 490
+6%
|
43 273
+25%
|
45 549
+5%
|
40 523
-11%
|
42 241
+4%
|
43 190
+2%
|
43 779
+1%
|
44 249
+1%
|
44 966
+2%
|
46 890
+4%
|
48 282
+3%
|
49 580
+3%
|
51 583
+4%
|
52 809
+2%
|
54 343
+3%
|
56 075
+3%
|
58 296
+4%
|
60 571
+4%
|
61 364
+1%
|
61 593
+0%
|
62 537
+2%
|
63 674
+2%
|
65 022
+2%
|
66 089
+2%
|
68 187
+3%
|
71 160
+4%
|
70 963
0%
|
69 910
-1%
|
71 846
+3%
|
73 355
+2%
|
74 108
+1%
|
75 000
+1%
|
75 973
+1%
|
80 042
+5%
|
83 996
+5%
|
85 490
+2%
|
84 002
-2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(10 525)
|
(11 332)
|
(12 393)
|
(13 992)
|
(15 613)
|
(16 645)
|
(17 013)
|
(19 897)
|
(21 070)
|
(20 289)
|
(21 753)
|
(18 161)
|
(14 539)
|
(15 390)
|
(15 536)
|
(16 092)
|
(17 181)
|
(18 086)
|
(18 915)
|
(19 513)
|
(20 186)
|
(21 086)
|
(22 031)
|
(22 746)
|
(23 065)
|
(23 049)
|
(23 151)
|
(23 267)
|
(23 299)
|
(23 528)
|
(23 727)
|
(23 862)
|
(23 457)
|
(23 161)
|
(23 552)
|
(24 607)
|
(25 660)
|
(26 723)
|
(27 711)
|
(28 415)
|
(29 836)
|
(30 940)
|
(30 749)
|
|
| Gross Profit |
9 187
N/A
|
9 567
+4%
|
11 475
+20%
|
13 091
+14%
|
13 921
+6%
|
15 885
+14%
|
17 477
+10%
|
23 376
+34%
|
24 480
+5%
|
20 233
-17%
|
20 488
+1%
|
25 029
+22%
|
29 240
+17%
|
28 859
-1%
|
29 429
+2%
|
30 798
+5%
|
31 101
+1%
|
31 495
+1%
|
32 668
+4%
|
33 295
+2%
|
34 158
+3%
|
34 990
+2%
|
36 265
+4%
|
37 825
+4%
|
38 299
+1%
|
38 543
+1%
|
39 386
+2%
|
40 407
+3%
|
41 723
+3%
|
42 561
+2%
|
44 460
+4%
|
47 299
+6%
|
47 506
+0%
|
46 750
-2%
|
48 293
+3%
|
48 748
+1%
|
48 448
-1%
|
48 277
0%
|
48 262
0%
|
51 627
+7%
|
54 159
+5%
|
54 550
+1%
|
53 253
-2%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(487)
|
(506)
|
(547)
|
(546)
|
(559)
|
(539)
|
(434)
|
(419)
|
(453)
|
(470)
|
(478)
|
(4 436)
|
(8 762)
|
(9 117)
|
(9 247)
|
(9 632)
|
(10 102)
|
(10 649)
|
(11 254)
|
(11 682)
|
(12 070)
|
(12 491)
|
(12 968)
|
(13 418)
|
(13 577)
|
(13 607)
|
(13 640)
|
(13 632)
|
(13 547)
|
(13 434)
|
(13 417)
|
(13 450)
|
(13 653)
|
(13 772)
|
(13 419)
|
(13 246)
|
(13 298)
|
(13 193)
|
(13 173)
|
(13 261)
|
(13 201)
|
(13 120)
|
(13 165)
|
|
| Selling, General & Administrative |
(487)
|
(506)
|
(547)
|
(546)
|
(560)
|
(539)
|
(434)
|
(419)
|
(453)
|
(470)
|
(477)
|
(491)
|
(598)
|
(612)
|
(527)
|
(507)
|
(503)
|
(534)
|
(539)
|
(525)
|
(538)
|
(598)
|
(626)
|
(598)
|
(590)
|
(580)
|
(557)
|
(575)
|
(598)
|
(584)
|
(583)
|
(600)
|
(610)
|
(617)
|
(626)
|
(656)
|
(697)
|
(721)
|
(713)
|
(714)
|
(776)
|
(874)
|
(866)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3 946)
|
(8 164)
|
(8 506)
|
(8 720)
|
(9 124)
|
(9 599)
|
(10 116)
|
(10 716)
|
(11 158)
|
(11 533)
|
(11 893)
|
(12 342)
|
(12 820)
|
(12 987)
|
(13 027)
|
(13 083)
|
(13 056)
|
(12 949)
|
(12 850)
|
(12 834)
|
(12 850)
|
(13 043)
|
(13 156)
|
(12 794)
|
(12 591)
|
(12 602)
|
(12 472)
|
(12 460)
|
(12 547)
|
(12 425)
|
(12 245)
|
(12 299)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Operating Income |
8 700
N/A
|
9 061
+4%
|
10 928
+21%
|
12 545
+15%
|
13 361
+7%
|
15 346
+15%
|
17 044
+11%
|
22 958
+35%
|
24 026
+5%
|
19 762
-18%
|
20 010
+1%
|
20 593
+3%
|
20 477
-1%
|
19 742
-4%
|
20 183
+2%
|
21 166
+5%
|
20 999
-1%
|
20 845
-1%
|
21 413
+3%
|
21 614
+1%
|
22 087
+2%
|
22 498
+2%
|
23 297
+4%
|
24 407
+5%
|
24 721
+1%
|
24 936
+1%
|
25 746
+3%
|
26 775
+4%
|
28 176
+5%
|
29 127
+3%
|
31 043
+7%
|
33 849
+9%
|
33 853
+0%
|
32 978
-3%
|
34 874
+6%
|
35 502
+2%
|
35 150
-1%
|
35 083
0%
|
35 090
+0%
|
38 366
+9%
|
40 958
+7%
|
41 431
+1%
|
40 087
-3%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(943)
|
(1 033)
|
(1 151)
|
(1 302)
|
(1 742)
|
(2 045)
|
(2 112)
|
(2 294)
|
(2 550)
|
(2 859)
|
(3 037)
|
(3 120)
|
(3 383)
|
(3 638)
|
(3 604)
|
(3 587)
|
(3 670)
|
(3 634)
|
(3 535)
|
(3 446)
|
(3 338)
|
(3 229)
|
(3 134)
|
(3 022)
|
(2 895)
|
(2 728)
|
(2 555)
|
(2 417)
|
(2 325)
|
(2 202)
|
(2 141)
|
(2 052)
|
(1 940)
|
(1 893)
|
(1 829)
|
(1 773)
|
(1 720)
|
(1 673)
|
(1 736)
|
(1 879)
|
(2 070)
|
(2 298)
|
(2 678)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(281)
|
(270)
|
52
|
41
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(122)
|
(74)
|
(145)
|
(146)
|
(55)
|
(140)
|
(161)
|
(130)
|
(80)
|
(27)
|
(41)
|
(91)
|
(82)
|
(30)
|
(36)
|
(113)
|
(93)
|
(88)
|
14
|
58
|
(83)
|
(62)
|
(50)
|
(81)
|
(51)
|
(52)
|
(73)
|
(74)
|
(139)
|
(136)
|
(69)
|
(80)
|
21
|
33
|
(59)
|
(61)
|
18
|
18
|
(95)
|
(88)
|
(54)
|
48
|
33
|
|
| Pre-Tax Income |
7 635
N/A
|
7 954
+4%
|
9 632
+21%
|
11 097
+15%
|
11 564
+4%
|
13 162
+14%
|
14 771
+12%
|
20 533
+39%
|
21 396
+4%
|
16 877
-21%
|
16 933
+0%
|
17 382
+3%
|
17 012
-2%
|
15 794
-7%
|
16 273
+3%
|
17 519
+8%
|
17 277
-1%
|
17 122
-1%
|
17 892
+4%
|
18 226
+2%
|
18 666
+2%
|
19 209
+3%
|
20 113
+5%
|
21 304
+6%
|
21 775
+2%
|
22 157
+2%
|
23 119
+4%
|
24 284
+5%
|
25 711
+6%
|
26 790
+4%
|
28 832
+8%
|
31 717
+10%
|
31 935
+1%
|
31 117
-3%
|
32 986
+6%
|
33 669
+2%
|
33 448
-1%
|
33 429
0%
|
33 259
-1%
|
36 399
+9%
|
38 835
+7%
|
39 181
+1%
|
37 442
-4%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(7)
|
(352)
|
(317)
|
106
|
151
|
62
|
(26)
|
(23)
|
(16)
|
(17)
|
(74)
|
(74)
|
(22)
|
(22)
|
(83)
|
(147)
|
(85)
|
(455)
|
(1 016)
|
(581)
|
42
|
(559)
|
(757)
|
(612)
|
(477)
|
(23)
|
(687)
|
(1 358)
|
(1 477)
|
(773)
|
|
| Income from Continuing Operations |
7 633
|
7 952
|
9 630
|
11 095
|
11 562
|
13 160
|
14 769
|
20 531
|
21 395
|
16 875
|
16 931
|
17 381
|
17 010
|
15 786
|
15 920
|
17 203
|
17 383
|
17 274
|
17 954
|
18 200
|
18 643
|
19 192
|
20 096
|
21 229
|
21 701
|
22 134
|
23 097
|
24 201
|
25 565
|
26 705
|
28 377
|
30 701
|
31 354
|
31 160
|
32 427
|
32 911
|
32 836
|
32 952
|
33 236
|
35 712
|
37 477
|
37 704
|
36 669
|
|
| Net Income (Common) |
7 633
N/A
|
7 952
+4%
|
9 630
+21%
|
11 095
+15%
|
11 562
+4%
|
13 160
+14%
|
14 769
+12%
|
20 531
+39%
|
21 394
+4%
|
16 875
-21%
|
16 931
+0%
|
17 381
+3%
|
17 010
-2%
|
15 786
-7%
|
15 920
+1%
|
17 203
+8%
|
17 383
+1%
|
17 274
-1%
|
17 954
+4%
|
18 200
+1%
|
18 643
+2%
|
19 192
+3%
|
20 096
+5%
|
21 229
+6%
|
21 701
+2%
|
22 134
+2%
|
23 097
+4%
|
24 201
+5%
|
25 565
+6%
|
26 705
+4%
|
28 377
+6%
|
30 701
+8%
|
31 354
+2%
|
31 160
-1%
|
32 427
+4%
|
32 911
+1%
|
32 836
0%
|
32 952
+0%
|
33 236
+1%
|
35 712
+7%
|
37 477
+5%
|
37 704
+1%
|
36 669
-3%
|
|
| EPS (Diluted) |
3 172.41
N/A
|
3 053.76
-4%
|
3 241.38
+6%
|
3 212.21
-1%
|
3 347.42
+4%
|
3 274.93
-2%
|
3 638.4
+11%
|
4 963.85
+36%
|
4 995.03
+1%
|
3 809.25
-24%
|
3 821.89
+0%
|
3 685.38
-4%
|
3 540.72
-4%
|
3 226.9
-9%
|
3 254.29
+1%
|
3 446.4
+6%
|
3 316.73
-4%
|
2 945.14
-11%
|
3 041.33
+3%
|
3 063.25
+1%
|
3 056.46
0%
|
3 066.96
+0%
|
3 141.79
+2%
|
3 242.77
+3%
|
3 314.84
+2%
|
3 381.01
+2%
|
3 528.04
+4%
|
3 696.73
+5%
|
3 805.05
+3%
|
3 855.66
+1%
|
4 097.07
+6%
|
4 432.65
+8%
|
4 526.97
+2%
|
4 498.89
-1%
|
4 681.81
+4%
|
4 751.83
+1%
|
4 740.94
0%
|
4 757.63
+0%
|
4 737.03
0%
|
5 019.74
+6%
|
5 267.86
+5%
|
5 299.71
+1%
|
5 154.28
-3%
|
|