Announcement • May 25
Activia Properties Inc. to Report Q2, 2026 Results on Jul 16, 2026 Activia Properties Inc. announced that they will report Q2, 2026 results on Jul 16, 2026 Upcoming Dividend • May 21
Upcoming dividend of JP¥3,169 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 20 August 2026. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (5.3%). Declared Dividend • Apr 19
Final dividend of JP¥3,169 announced Shareholders will receive a dividend of JP¥3,169. Ex-date: 28th May 2026 Payment date: 20th August 2026 Dividend yield will be 4.4%, which is about the same as the industry average. Announcement • Apr 18
Activia Properties Inc. announces Semi-Annual dividend, payable on August 20, 2026 Activia Properties Inc. announced Semi-Annual dividend of JPY 3169.0000 per share payable on August 20, 2026, ex-date on May 28, 2026 and record date on May 31, 2026. Announcement • Mar 30
Activia Properties Inc. to Report Second Half, 2025 Results on Mar 30, 2026 Activia Properties Inc. announced that they will report second half, 2025 results on Mar 30, 2026 Announcement • Jan 18
J. FRONT CITY DEVELOPMENT Co.,Ltd. signed a letter of intent to acquire Kobe Kyu Kyoryuchi 25Bankan from Activia Properties Inc. (TSE:3279) for ¥26.3 billion. J. FRONT CITY DEVELOPMENT Co.,Ltd. signed a letter of intent to acquire Kobe Kyu Kyoryuchi 25Bankan from Activia Properties Inc. (TSE:3279) for ¥26.3 billion on January 16, 2026. A cash consideration of ¥26.26 billion will be paid by J. FRONT CITY DEVELOPMENT Co.,Ltd. As part of consideration, ¥26.26 billion is paid towards Kobe Kyu Kyoryuchi 25Bankan.
For the period ending December 31, 2025, Kobe Kyu Kyoryuchi 25Bankan reported total rental income of ¥1.16 billion.
The expected completion of the transaction is June 2, 2027. Reported Earnings • Jan 17
Full year 2025 earnings released: EPS: JP¥6,021 (vs JP¥5,934 in FY 2024) Full year 2025 results: EPS: JP¥6,021 (up from JP¥5,934 in FY 2024). Revenue: JP¥32.4b (up 2.5% from FY 2024). Net income: JP¥14.3b (up 1.0% from FY 2024). Profit margin: 44% (in line with FY 2024). Revenue is forecast to decline by 5.4% p.a. on average during the next 2 years, while revenues in the REITs industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥3,000 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 18 February 2026. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.6%). Announcement • Nov 10
Activia Properties Inc. to Report Fiscal Year 2025 Results on Jan 16, 2026 Activia Properties Inc. announced that they will report fiscal year 2025 results at 9:00 AM, Tokyo Standard Time on Jan 16, 2026 Declared Dividend • Sep 08
Final dividend of JP¥3,000 announced Shareholders will receive a dividend of JP¥3,000. Ex-date: 27th November 2025 Payment date: 18th February 2026 Dividend yield will be 8.8%, which is higher than the industry average of 4.5%. Announcement • Sep 06
Activia Properties Inc. announces Semi-Annual dividend, payable on February 18, 2026 Activia Properties Inc. announced Semi-Annual dividend of JPY 3000.0000 per share payable on February 18, 2026, ex-date on November 27, 2025 and record date on November 30, 2025. Price Target Changed • Aug 16
Price target increased by 7.6% to JP¥131,571 Up from JP¥122,333, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥132,000. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥5,923 for next year compared to JP¥5,934 last year. Reported Earnings • Jul 17
Second quarter 2025 earnings released Second quarter 2025 results: Net income: (down JP¥3.71b from profit in 2Q 2024). New Risk • Jun 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • May 29
Price target decreased by 10% to JP¥109,967 Down from JP¥122,284, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥114,600. Stock is down 6.2% over the past year. Announcement • May 23
Activia Properties Inc. to Report Q2, 2025 Results on Jul 16, 2025 Activia Properties Inc. announced that they will report Q2, 2025 results on Jul 16, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥8,700 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 19 August 2025. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (5.2%). Announcement • Mar 28
Activia Properties Inc. Announces Director Changes Activia Properties Inc. announced the resignation of Nobuhide Kashiwagi as Executive Director, effective from March 31, 2025. The company also announced the resignation of Kazuyuki Murayama as Substitute Executive Director, effective from March 31, 2025. Manabu Kamikawara appointed as Executive Director, effective from effective April 1, 2025. Profile of the newly appointed Executive Director: Managing Director from April 2018 at Manager, Investment Planning Department, Director, Investment Management Division, Urban Business. Chief Division officer of Activia Management Division at Manabu Kamikawara from April 2022 Manager, Business Strategy Department, Urban Business Unit, April 2025 Managing Director, Chief Division Officer of Activia Management Division, TLC REIT Management Inc. (scheduled to be effective on April 1, 2025), April 2025 Executive Director of Activia Properties Inc. (scheduled to be effective on April 1, 2025). Declared Dividend • Feb 19
Final dividend of JP¥8,700 announced Shareholders will receive a dividend of JP¥8,700. Ex-date: 29th May 2025 Payment date: 19th August 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.5%. Reported Earnings • Jan 21
Third quarter 2024 earnings released: EPS: JP¥4,258 (vs JP¥5,339 in 3Q 2023) Third quarter 2024 results: EPS: JP¥4,258 (down from JP¥5,339 in 3Q 2023). Revenue: JP¥7.85b (down 9.4% from 3Q 2023). Net income: JP¥3.37b (down 22% from 3Q 2023). Profit margin: 43% (down from 50% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% decline forecast for the REITs industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to JP¥336,000. The fair value is estimated to be JP¥279,634, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to decline by 1.2% per annum. Earnings are also forecast to decline by 4.3% per annum over the same time period. New Risk • Dec 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥9,300 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 19 February 2025. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (5.3%). Announcement • Nov 14
Activia Properties Inc. to Report Fiscal Year 2024 Results on Jan 17, 2025 Activia Properties Inc. announced that they will report fiscal year 2024 results on Jan 17, 2025 Buy Or Sell Opportunity • Nov 12
Now 21% overvalued Over the last 90 days, the stock has fallen 5.6% to JP¥328,000. The fair value is estimated to be JP¥271,606, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.7%. Declared Dividend • Nov 03
Final dividend of JP¥9,300 announced Shareholders will receive a dividend of JP¥9,300. Ex-date: 28th November 2024 Payment date: 19th February 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.5%. Buy Or Sell Opportunity • Oct 23
Now 21% overvalued Over the last 90 days, the stock has fallen 6.7% to JP¥327,000. The fair value is estimated to be JP¥270,717, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.7%. Announcement • Sep 27
Activia Properties Inc. to Report First Half, 2024 Results on Sep 27, 2024 Activia Properties Inc. announced that they will report first half, 2024 results on Sep 27, 2024 Buy Or Sell Opportunity • Sep 10
Now 20% overvalued Over the last 90 days, the stock has fallen 9.0% to JP¥333,000. The fair value is estimated to be JP¥276,912, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 3.7%. New Risk • Sep 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Aug 14
Price target decreased by 7.8% to JP¥398,857 Down from JP¥432,429, the current price target is an average from 7 analysts. New target price is 15% above last closing price of JP¥347,500. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥17,185 for next year compared to JP¥21,583 last year. New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Earnings are forecast to decline by an average of 5.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 21
First half 2024 earnings released: EPS: JP¥9,283 (vs JP¥10,904 in 1H 2023) First half 2024 results: EPS: JP¥9,283 (down from JP¥10,904 in 1H 2023). Revenue: JP¥15.9b (down 9.0% from 1H 2023). Net income: JP¥7.42b (down 16% from 1H 2023). Profit margin: 47% (down from 51% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 23
Upcoming dividend of JP¥9,300 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 19 August 2024. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.7%). Announcement • May 12
Activia Properties Inc. to Report Q2, 2024 Results on Jul 18, 2024 Activia Properties Inc. announced that they will report Q2, 2024 results on Jul 18, 2024 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: JP¥21,583 (vs JP¥19,107 in FY 2022) Full year 2023 results: EPS: JP¥21,583 (up from JP¥19,107 in FY 2022). Revenue: JP¥34.8b (up 9.9% from FY 2022). Net income: JP¥17.5b (up 12% from FY 2022). Profit margin: 50% (up from 49% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 4.9% p.a. on average during the next 3 years, while revenues in the REITs industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Activia Properties Inc. to Report Second Half, 2023 Results on Mar 29, 2024 Activia Properties Inc. announced that they will report second half, 2023 results on Mar 29, 2024 Declared Dividend • Jan 19
Final dividend of JP¥9,300 announced Shareholders will receive a dividend of JP¥9,300. Ex-date: 30th May 2024 Payment date: 19th August 2024 Dividend yield will be 4.7%, which is about the same as the industry average. Reported Earnings • Jan 19
Full year 2023 earnings released: EPS: JP¥21,583 (vs JP¥19,107 in FY 2022) Full year 2023 results: EPS: JP¥21,583 (up from JP¥19,107 in FY 2022). Revenue: JP¥34.8b (up 9.9% from FY 2022). Net income: JP¥17.5b (up 12% from FY 2022). Profit margin: 50% (up from 49% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥9,300 per share at 4.5% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 16 February 2024. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (4.3%). Announcement • Nov 21
Activia Properties Inc. to Report Q4, 2023 Results on Jan 17, 2024 Activia Properties Inc. announced that they will report Q4, 2023 results on Jan 17, 2024 Announcement • Sep 30
Activia Properties Inc. to Report First Half, 2023 Results on Sep 29, 2023 Activia Properties Inc. announced that they will report first half, 2023 results on Sep 29, 2023 Reported Earnings • Sep 05
Full year 2023 earnings released: EPS: JP¥21,808 (vs JP¥19,203 in FY 2022) Full year 2023 results: EPS: JP¥21,808 (up from JP¥19,203 in FY 2022). Revenue: JP¥35.0b (up 12% from FY 2022). Net income: JP¥17.7b (up 14% from FY 2022). Profit margin: 51% (in line with FY 2022). Revenue is forecast to decline by 7.7% p.a. on average during the next 3 years, while revenues in the REITs industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Jul 20
First half 2023 earnings released First half 2023 results: Revenue: JP¥17.5b (up 13% from 1H 2022). Net income: JP¥8.84b (up 14% from 1H 2022). Profit margin: 51% (in line with 1H 2022). Revenue is forecast to decline by 5.0% p.a. on average during the next 2 years, while revenues in the REITs industry in Japan are expected to remain flat. Announcement • Jun 27
Activia Properties Inc., Annual General Meeting, Aug 17, 2023 Activia Properties Inc., Annual General Meeting, Aug 17, 2023. Agenda: To consider proposals regarding changes to the Articles of Incorporation and the appointment of Directors. Upcoming Dividend • May 23
Upcoming dividend of JP¥9,350 per share at 4.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 16 August 2023. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (4.2%). Announcement • May 10
Activia Properties Inc. to Report Q2, 2023 Results on Jul 19, 2023 Activia Properties Inc. announced that they will report Q2, 2023 results on Jul 19, 2023 Announcement • Nov 23
Activia Properties Inc. to Report Fiscal Year 2022 Results on Jan 17, 2023 Activia Properties Inc. announced that they will report fiscal year 2022 results on Jan 17, 2023 Upcoming Dividend • Nov 22
Upcoming dividend of JP¥9,300 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 14 February 2023. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.7%). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Director Nobuhide Kashiwagi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 07
Full year 2022 earnings released: EPS: JP¥19,203 (vs JP¥18,947 in FY 2021) Full year 2022 results: EPS: JP¥19,203 (up from JP¥18,947 in FY 2021). Revenue: JP¥31.2b (up 4.6% from FY 2021). Net income: JP¥15.5b (up 6.0% from FY 2021). Profit margin: 50% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 04
Full year 2022 earnings released: EPS: JP¥19,203 (vs JP¥18,947 in FY 2021) Full year 2022 results: EPS: JP¥19,203 (up from JP¥18,947 in FY 2021). Revenue: JP¥31.2b (up 4.6% from FY 2021). Net income: JP¥15.5b (up 6.0% from FY 2021). Profit margin: 50% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • Jul 15
First half 2022 earnings released: EPS: JP¥9,453 (vs JP¥9,400 in 1H 2021) First half 2022 results: EPS: JP¥9,453 (up from JP¥9,400 in 1H 2021). Revenue: JP¥15.5b (up 5.4% from 1H 2021). Net income: JP¥7.73b (up 6.6% from 1H 2021). Profit margin: 50% (in line with 1H 2021). Over the next year, revenue is expected to shrink by 27% compared to a 9.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • May 23
Upcoming dividend of JP¥9,325 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 18 August 2022. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.7%). Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Executive Director Nobuhide Kashiwagi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: JP¥19,159 (vs JP¥19,055 in FY 2020) Full year 2021 results: EPS: JP¥19,159 (up from JP¥19,055 in FY 2020). Revenue: JP¥30.4b (up 1.0% from FY 2020). Net income: JP¥15.0b (up 2.1% from FY 2020). Profit margin: 49% (in line with FY 2020). Net asset value (NAV) per share: JP¥338,760 (up 2.2% from FY 2020). The current share price is 26% higher than NAV per share. Over the next year, revenue is expected to shrink by 29% compared to a 11% growth forecast for the reits industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Jan 27
Price target decreased to JP¥458,833 Down from JP¥495,833, the current price target is provided by 1 analyst. New target price is 18% above last closing price of JP¥388,500. Stock is down 7.3% over the past year. The company posted earnings per share of JP¥18,875 last year. Reported Earnings • Jan 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥18,875 (down from JP¥19,055 in FY 2020). Revenue: JP¥30.4b (up 1.0% from FY 2020). Net income: JP¥15.0b (up 2.1% from FY 2020). Profit margin: 49% (in line with FY 2020). Net asset value (NAV) per share: JP¥338,760 (up 2.2% from FY 2020). The current share price is 23% higher than NAV per share. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 29% compared to a 13% growth forecast for the reits industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥9,350 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 12 February 2022. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (3.5%). Reported Earnings • Jul 14
First half 2021 earnings released: EPS JP¥9,400 (vs JP¥9,508 in 1H 2020) The company reported a poor first half result with weaker earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: JP¥14.7b (down 1.8% from 1H 2020). Net income: JP¥7.25b (down 1.1% from 1H 2020). Profit margin: 49% (in line with 1H 2020). Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Upcoming Dividend • May 21
Upcoming dividend of JP¥9,280 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 17 August 2021. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (3.4%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS JP¥19,055 (vs JP¥20,256 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥30.1b (down 1.1% from FY 2019). Net income: JP¥14.7b (down 5.5% from FY 2019). Profit margin: 49% (down from 51% in FY 2019). The decrease in margin was primarily driven by higher expenses. Net asset value (NAV) per share: JP¥331,558 (flat on FY 2019). The current share price is 41% higher than NAV per share. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Price Target Changed • Mar 04
Price target raised to JP¥474,000 Up from JP¥442,714, the current price target is provided by 1 analyst. The new target price is close to the current share price of JP¥473,000. As of last close, the stock is down 10% over the past year. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥19,055 (vs JP¥20,256 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥30.1b (down 1.1% from FY 2019). Net income: JP¥14.7b (down 5.5% from FY 2019). Profit margin: 49% (down from 51% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Is New 90 Day High Low • Feb 24
New 90-day high: JP¥475,000 The company is up 20% from its price of JP¥394,500 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 16% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥443,000 The company is up 10.0% from its price of JP¥403,000 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: JP¥420,500 The company is up 3.0% from its price of JP¥407,500 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 1.0% over the same period. Announcement • Nov 25
Activia Properties Inc. Revises Earnings Guidance for the Fiscal Period Ending November 30, 202 Activia Properties Inc. revised earnings guidance for the fiscal period ending November 30, 2020. The company now expects operating revenue to be JPY 15,027 million against previous guidance of JPY 14,945 million,
operating profit to be JPY 8,153 against previous guidance of JPY 7,919 million and profit to be JPY 7,288 million against previous guidance of JPY 6,972 million. Announcement • Nov 19
Activia Properties Inc. to Report Fiscal Year 2020 Results on Jan 15, 2021 Activia Properties Inc. announced that they will report fiscal year 2020 results on Jan 15, 2021 
