26th Fiscal Period (January 2026) Financial Results Presentation Materials

Overview of 26th Fiscal Period Results

In the 26th fiscal period (January 2026), EPU exceeded forecasts due to various cost containment measures and foreign exchange gains. Operating revenue totaled 21.36 billion yen, operating income was 7.978 billion yen, and net income was 6.82 billion yen. Distribution per unit was 3,400 yen as expected. NOI increased year-over-year to 14.232 billion yen. Repair expenses decreased, but capital expenditures rose significantly compared to the previous year.

Earnings Guidance for 27th and 28th Fiscal Periods and Medium-Term Targets

The earnings guidance for the 27th fiscal period (July 2026) and 28th fiscal period (January 2027) forecasts operating revenue of about 21.3 billion yen, operating income of about 7 billion yen, and net income ranging from approximately 5.9 to 6.1 billion yen. Distribution per unit is planned at 3,390 yen for the 27th fiscal period and 3,160 yen for the 28th. Medium-term targets include a stabilized distribution of 3,600 yen, expanding asset size from 480.7 billion yen to 600 billion yen, and maintaining an AA (stable) credit rating. The company aims to suppress excess profit distributions during a period of rebuilding the growth foundation and achieve a stable earnings structure.