TSE:8963Hotel and Resort REITs
Invincible Investment (TSE:8963) Earnings Raise Fresh Questions On Dividend Cash Coverage
Invincible Investment (TSE:8963) just posted its FY 2025 results with second half revenue of ¥28.6b and basic EPS of ¥2,182.45, while the trailing twelve months show revenue at ¥53.7b and basic EPS at ¥4,061.28. Over recent periods, revenue has moved from ¥25.6b in FY 2024 H2 to ¥25.1b in FY 2025 H1 and then to ¥28.6b in FY 2025 H2, with EPS shifting from ¥1,980.36 to ¥1,878.83 and then to ¥2,182.45. This sets up a picture where investors will be weighing how durable these margins look...