{"id":131885,"date":"2026-10-15T18:24:18","date_gmt":"2026-10-15T09:24:18","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/3281-20261015-02_wp_disclosure_update\/"},"modified":"2026-10-15T18:24:18","modified_gmt":"2026-10-15T09:24:18","slug":"3281-20261015-02_wp_disclosure_update","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/","title":{"rendered":"Notice of Partial Amendment to Asset Management Company Guidelines"},"content":{"rendered":"<p>To improve capital efficiency in an inflationary environment, the policy on distributions exceeding earnings has been revised by raising the distribution cap to 40% of depreciation-equivalent amount. Future distributions will be determined carefully, taking into account financial soundness to preserve asset value. See the attached document and the FY ending August 2026 Financial Summary for details.<\/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,"price_fetched_at":"","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":"3281","jir_company_name":"GLP J-REIT","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-10-15","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3281-20261015-02.pdf","jir_short_summary":"To improve capital efficiency in an inflationary environment, the policy on distributions exceeding earnings has been revised by raising the distribution cap to 40% of depreciation-equivalent amount. Future distributions will be determined carefully, taking into account financial soundness to preserve asset value. See the attached document and the FY ending August 2026 Financial Summary for details.","jir_summary":"### Key Points of the Change\nThe asset management company of this investment trust has revised the criteria for deciding distributions that may exceed earnings, aiming to improve capital efficiency in an inflationary environment. Specifically, the distribution cap has been raised to 40% of the depreciation-equivalent amount, and decisions on whether to distribute and the distribution amount will be made carefully by comprehensively considering capital expenditures, financial soundness, investment opportunities, and other factors.\n\n### Outlook and Application\nThe new guidelines apply as of October 15, 2026. Refer to the FY ending August 2026 Financial Summary for future operational forecasts. Decisions on whether to implement distributions and the amounts will be made only when deemed appropriate, taking into account market trends, asset conditions, and financial status.","jir_financial_highlights":"Distribution cap relative to depreciation-equivalent amount: 40% (Before: 30% \/ New: 40%)\nEffective date of distribution policy change: 2026-10-15 (Date new policy applied)\nConsideration of financial soundness and capital expenditures: Appropriate capital expenditures and LTV, etc. to be considered (Stated in policy)","jir_category":"","jir_hashtags":"#GLPJ-REIT, #DisclosureUpdate","jir_key_figures":"Distribution cap relative to depreciation-equivalent amount: 40%\nChange date: 2026-10-15\nDetails of changes described in attached document","jir_meta_title":"GLP J-REIT: Notice of Partial Amendment to Asset Management Guidelines | October 2026","jir_meta_description":"GLP J-REIT has amended part of its asset management guidelines, raising the cap on distributions exceeding earnings to 40% of the depreciation-equivalent amount. Future distribution decisions will carefully consider capital expenditures and financial soundness.","jir_og_title":"GLP J-REIT: Notice of Partial Amendment to Asset Management Guidelines","jir_og_description":"The distribution policy has been revised to improve capital efficiency in an inflationary environment. The new distribution cap is 40% of the depreciation-equivalent amount. Future distribution decisions will prioritize financial soundness.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7714,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"disclosure_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-131885","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Notice of Partial Amendment to Asset Management Company Guidelines - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/\",\"name\":\"Notice of Partial Amendment to Asset Management Company Guidelines - Japan IR\",\"isPartOf\":{\"@id\":\"https:\/\/japanir.jp\/en\/#website\"},\"datePublished\":\"2026-10-15T09:24:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/japanir.jp\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Notice of Partial Amendment to Asset Management Company Guidelines\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/japanir.jp\/en\/#website\",\"url\":\"https:\/\/japanir.jp\/en\/\",\"name\":\"Japan IR\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/japanir.jp\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Notice of Partial Amendment to Asset Management Company Guidelines - Japan IR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/","url":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/","name":"Notice of Partial Amendment to Asset Management Company Guidelines - Japan IR","isPartOf":{"@id":"https:\/\/japanir.jp\/en\/#website"},"datePublished":"2026-10-15T09:24:18+00:00","breadcrumb":{"@id":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/japanir.jp\/en\/company\/company-3281\/ir\/3281-20261015-02_wp_disclosure_update\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/japanir.jp\/en\/"},{"@type":"ListItem","position":2,"name":"Notice of Partial Amendment to Asset Management Company Guidelines"}]},{"@type":"WebSite","@id":"https:\/\/japanir.jp\/en\/#website","url":"https:\/\/japanir.jp\/en\/","name":"Japan IR","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/japanir.jp\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"related_company_data":{"id":"7714","title":"GLP J-REIT","ticker":"3281"},"_links":{"self":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/131885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release"}],"about":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/types\/ir_release"}],"replies":[{"embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/comments?post=131885"}],"version-history":[{"count":0,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/131885\/revisions"}],"wp:attachment":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/media?parent=131885"}],"wp:term":[{"taxonomy":"sector","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/sector?post=131885"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/importance?post=131885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}