FY2026 February Term (16th Period) Financial Results Presentation Materials

Financial Overview for FY2026 February Term (16th Period)

Operating revenue for the fiscal year ending February 2026 was JPY 5.562 billion, slightly down year-over-year. However, operating income of JPY 3.321 billion, ordinary income of JPY 2.622 billion, and net income of JPY 2.593 billion were generally in line with plans. Dividend per unit was maintained at JPY 2,800, with an increase in retained earnings. The number of outstanding units remained unchanged at 910,820. The occupancy rate was maintained at a high level of 98.9%, with rental fluctuation rates in residential and office sectors reaching record highs. Variable rent from the hotel segment also performed well, with ACCESS by LOISIR HOTEL Nagoya achieving a record high sales increase of +14.0% year-over-year.

Asset Management and Financial Position

The asset portfolio expanded to 85 properties with an acquisition price base of JPY 193 billion. In January 2026, TOSEI HOTEL & SEMINAR Makuhari was acquired, while Lavita Higashi Ueno and Prio Daimyo II were divested. Refinancing through green loans and others raised JPY 6.55 billion. Equity financing from a public offering in March 2026 raised JPY 8.2 billion, combined with JPY 410 million from a third-party allotment and JPY 13.3 billion in bank borrowings, securing funds to cover property acquisitions including JPY 22.1 billion in acquisition costs. The balance sheet remained healthy with total assets of JPY 192.291 billion, total liabilities of JPY 101.852 billion, and net assets of JPY 9.044 billion.