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.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8987","jir_company_name":"Japan Excellent Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-21","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/8987-20260821-03.pdf","jir_short_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.","jir_summary":"### Key points of the results\nThe 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.\n\n### Outlook and impact\nFor FY41\u2013FY42, 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.","jir_financial_highlights":"Operating revenue: 11,604 (FY39 actual +50)\nTotal distributions: 3,070 (FY39 vs +20)\nDPU: 3,070 (vs prior period +34)\nNOI: 14,439 (vs prior period +156)\nTotal assets: Approximately 2.98 trillion yen (fair value basis) (vs prior period +6.9 billion yen)","jir_category":"","jir_hashtags":"#IRFinancialSummary, #RentRenewal, #GainsOnDispositions, #InternalGrowth, #ESG, #GRESB","jir_key_figures":"Operating revenue: 11,604 million yen\nTotal distributions: 3,070 million yen\nDPU: 3,070 yen\nNOI: 14,439 million yen\nMarket value of total assets: 297.4 billion yen (end of period)","jir_meta_title":"\u3010Japan Excellent Investment Corporation\u3011 FY40 Financial Summary | DPU 3,070 yen; NOI growth outlook","jir_meta_description":"Japan Excellent Investment Corporation FY40 Financial Summary. Summary of revenue, NOI, and DPU; progress on external and internal growth; outlook and ESG initiatives. Points on leveraging disposals and promoting rent revisions.","jir_og_title":"Japan Excellent Investment Corporation Discloses FY40 Results","jir_og_description":"Key FY40 results and future growth strategy. Leverage from dispositions, rent revisions, and ESG certification initiatives are highlighted.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY39\\\",\\\"FY40\\\",\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue\\\",\\\"data\\\":[110.0,116.04]}]}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Profit Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY39\\\",\\\"FY40\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Profit\\\",\\\"data\\\":[?,?]}]}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Segment Revenue\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Rental Revenue\\\",\\\"Other Rental Revenue\\\"],\\\"datasets\\\":[{\\\"data\\\":[? , ?]}]}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Profitability Analysis\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY39\\\",\\\"FY40\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"NOI Yield\\\",\\\"data\\\":[7.7,7.4]}]}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Forecast vs Actual\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY40\\\",\\\"FY41\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"DPU\\\",\\\"data\\\":[3070,3130]}]}}\"}]","ir_related_company":8988,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-106165","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n