Financial Summary for the Fiscal Year Ending January 2026 (REIT)

Overview of Financial Performance

For the fiscal year ending January 2026 (August 1, 2025 to January 31, 2026), operating revenue was JPY 2,634 million (3.4% increase YoY), operating income was JPY 1,341 million (4.3% increase YoY), ordinary income was JPY 1,058 million (4.0% increase YoY), and net income attributable to owners of parent was JPY 1,057 million (4.0% increase YoY). Dividends amounted to JPY 3,286 per unit, including excess profit distribution of JPY 344. The total number of issued investment units remained unchanged at 359,500 units.

Asset Management and Financial Position

At the end of the period, the portfolio comprised 57 properties with a total leasable area of 240,416.52㎡ and an occupancy rate of 100.0%. Three new properties were acquired, maintaining stable operations. Total assets amounted to JPY 88,786 million, net assets to JPY 38,706 million, and interest-bearing debt to JPY 46,570 million, resulting in an LTV of 52.5%. Refinancing of borrowings was also conducted to stabilize the financial position.

Outlook

For the fiscal periods ending July 2026 and January 2027, operating revenue is forecasted at JPY 2,656 million, with net income of JPY 1,010 million and JPY 997 million respectively. Dividends per unit are expected to be JPY 3,160 (July 2026) and JPY 3,120 (January 2027). These figures may fluctuate due to changes in market conditions and interest rate trends.