#EarningsReport

For the January 2026 period, operating revenue was JPY 11,381 million (1.4% YoY increase), net income was JPY 6,124 million (0.5% YoY increase), and distribution per unit was JPY 3,100. Asset management remained steady focusing on premium properties in central Tokyo, and the resolution for treasury unit acquisition was approved.

In the individual financial statements for the fiscal year ending March 2026, an extraordinary income of 819 million yen from the sale of investment securities is expected to be recorded.

For the fiscal year ending December 2025, consolidated net sales were JPY 100,952 million (1.5% YoY increase), operating income was JPY 9,412 million (5.4% YoY decrease), and net income attributable to owners of parent was JPY 2,168 million (63.7% YoY decrease).

For the 3rd quarter of the fiscal year ending March 2026, consolidated operating revenue was 1,210,073 million yen, up 15.5% Year-over-Year (YoY); operating income was 227,374 million yen, up 16.9% YoY; and net income attributable to owners of parent for the quarter was 156,532 million yen, up 47.9% YoY.

For the cumulative Q3 of FY2026, net sales reached 640.6 billion yen (YoY +10.6 billion yen), operating income was 18.5 billion yen (YoY +7.7 billion yen), and net income was 5.1 billion yen (YoY +4.9 billion yen), showing significant growth.

For the cumulative third quarter of fiscal 2025, revenue was 586.6 billion yen (YoY +0.7%), operating income was 53.4 billion yen (YoY △11.7%), and net income attributable to owners of parent was 39.0 billion yen (YoY △10.4%).