Japan Excellent, Inc.
Fiscal Year 40 (June 2026) Financial Summary
The FY40 results (for the year ended June 2026) show operating revenue of 11,604 million yen, total distributions of 3,070 million yen, DPU of 3,070 yen, and NOI of 14,439 million yen. External growth continues through asset acquisitions and dispositions, with rent renewal activity accelerated. Growth in DPU and EPU is expected to be sustained through gains on dispositions and internal reserves up to FY42. Going forward, dispositions of assets such as Sapporo and Daiba will proceed to maintain capital cost efficiency and portfolio quality. ESG credentials continue to be certified asGRESB 4-Star/Green Star.
Key Figures
- Operating revenue: 11,604 million yen
- Total distributions: 3,070 million yen
- DPU: 3,070 yen
- NOI: 14,439 million yen
- Market value of total assets: 297.4 billion yen (end of period)
AI要約
Key points of the results
The FY40 results show operating revenue of 11,604 million yen, rental business revenue of 7,?100 million, total distributions of 3,070 million yen, and DPU of 3,070 yen. While impacted by gains on dispositions, the company continues a growth strategy using internal reserves. External growth includes asset dispositions and acquisitions, with a policy to raise rent renewal rates to over 5%. On the financial front, long-term borrowings provide stability, and green finance-based funding is being continued. ESG certifications have been maintained for 11 consecutive years as GRESB 4-Star/Green Star.
Outlook and impact
For FY41–FY42, it is expected to sustain EPU growth through contributions from rental income and gains on dispositions. Key external growth assets include Urawa SH and Daiba Garden City, with appropriate use of funds for asset replacements and retention of gains from dispositions. From a capital policy perspective, the aim is to maintain long-term stability while continuing to utilize green finance.
Profitability Analysis
Forecast vs Actual
Japan Excellent Investment Corporation
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