Fiscal Year Ending February 2026 Financial Summary (REIT)

Summary of Financial Results

For the fiscal year ending February 2026, operating revenue was JPY 10,822 million (0.3% increase YoY), operating income was JPY 4,487 million (0.9% decrease YoY), ordinary income was JPY 4,006 million (1.2% decrease YoY), and net income attributable to owners of parent was JPY 4,005 million (1.2% decrease YoY). Dividend per unit was JPY 4,151, slightly down from JPY 4,203 in the previous period. Total assets amounted to JPY 227,423 million, net assets were JPY 113,727 million, and the equity ratio remained stable at 50.0%. Asset management focuses on the Fukuoka and Kyushu regions, with a portfolio composition of 45.9% commercial facilities, 35.3% office buildings, and 18.8% others.

Outlook and Financing

Operating revenue is projected at JPY 10,670 million and JPY 10,743 million for the periods ending August 2026 and February 2027, respectively, with dividend per unit planned at JPY 4,000. Regarding financing, refinancing of JPY 4,500 million was conducted. Interest-bearing debt balance stands at JPY 96,350 million, with an interest-bearing debt ratio estimated at approximately 42.4%. The fixed-rate loan ratio is 89.4%, aiming to mitigate interest rate hike risks. Investment policy continues to focus on maintaining stable operations primarily in the Fukuoka metropolitan area and investing in markets with high growth potential. The ESG certification acquisition rate remains high at 80.0%.