Earnings presentation for the fiscal year ending August 2026 (26th period). Aims to grow DPU through asset replacement combining acquisitions and dispositions. In 26\/8 period, DPU exceeded expectations due to gain on partial sale of Nagoya Fushimi Square Building and higher-than-expected variable rent from Naha Shuri Castle. Forecasts for 27\/2 and 27\/8 periods incorporate upside and downside factors including the acquisition of OKINAWA GRAND MER RESORT (OGM). The medium-to-long-term growth strategy uses a three-period staged sale approach. Mid-term AUM target expanded to 200 billion yen, with plans to increase hotel and office portfolio exposure.<\/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":"3290","jir_company_name":"One REIT, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-21","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3290-20261021-02.pdf","jir_short_summary":"Earnings presentation for the fiscal year ending August 2026 (26th period). Aims to grow DPU through asset replacement combining acquisitions and dispositions. In 26\/8 period, DPU exceeded expectations due to gain on partial sale of Nagoya Fushimi Square Building and higher-than-expected variable rent from Naha Shuri Castle. Forecasts for 27\/2 and 27\/8 periods incorporate upside and downside factors including the acquisition of OKINAWA GRAND MER RESORT (OGM). The medium-to-long-term growth strategy uses a three-period staged sale approach. Mid-term AUM target expanded to 200 billion yen, with plans to increase hotel and office portfolio exposure.","jir_summary":"### Financial Overview and Financial Position\nOne REIT, Inc. is strengthening the growth base for DPU through asset replacement including the gain on sale of Nagoya Fushimi Square Building and the acquisition of OKINAWA GRAND MER RESORT. The 26\/8 period results are expected to show stable growth supported by sale gains and increased NOI after depreciation. For the 27\/2 and 27\/8 periods, forecasts incorporate upside from acquired properties as well as investments for rebranding and renovations, aiming to maintain and grow EPU\/DPU from 2027 onward. The mid-term target is to expand assets under management to over 200 billion yen and to build a portfolio with an appropriate balance of hotels and offices.\n\n### Outlook and Dividend Policy\nAs a medium-to-long-term growth strategy, external growth will be achieved through asset replacement and internal growth through office rent increases and upside investments in hotels. The period from 27\/2 to 29\/8 is positioned as a phase to lift DPU via sale gains, with a plan to set a DPU floor of 2,300 yen. The company will promote revenue improvements through rebranding and renovations, maximize unrealized gains and stabilize returns to unitholders.","jir_financial_highlights":"Operating Revenue: 5,647 million yen (26\/8 period results vs 26\/2 period results: +over 1,000 million yen (see other item comparison in table))\nNet Income Attributable to Owners of Parent: 2,486 million yen (26\/8 period vs 26\/2 period: +564 million yen)\nDistribution per Unit (DPU): 2,780 yen (Forecast 26\/8\u219227\/2: +177 yen, 27\/8 forecast: +305 yen (there are upside factors))\nAsset Size: 1,567 hundred million yen (After acquisitions as of end of September 26, portfolio size target set to 2,000 hundred million yen)","jir_category":"","jir_hashtags":"#OneREITInc, #Earnings, #AssetReplacement, #EPU, #DPU","jir_key_figures":"Operating Revenue: 5,647 million yen\nNet Income Attributable to Owners of Parent: 2,486 million yen\nDistribution per Unit (DPU): 2,780 yen","jir_meta_title":"One REIT, Inc. FY Aug 2026 Earnings | Strengthening DPU Growth Through Asset Replacement","jir_meta_description":"Summary of One REIT, Inc.'s fiscal year ending August 2026 results. DPU growth strategy through gain on sale of Nagoya Fushimi Square Building and acquisition of OKINAWA GRAND MER RESORT, forecasts for 27\/2 and 27\/8 periods, and AUM target of 200 billion yen.","jir_og_title":"One REIT, Inc. FY Aug 2026 Earnings | Strengthening DPU Growth Through Asset Replacement","jir_og_description":"Explains the DPU growth strategy through the Nagoya Fushimi Square sale gain and acquisition of OGM in Okinawa. Summarizes the mid-term AUM target of 200 billion yen and plans for rebranding and upside investments.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"26\/2 period\\\",\\\"26\/8 period\\\",\\\"27\/2 period\\\",\\\"27\/8 period\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue\\\",\\\"data\\\":[4690,5647,6301,6912]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"26\/2 period\\\",\\\"26\/8 period\\\",\\\"27\/2 period\\\",\\\"27\/8 period\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[2353,3038,3423,3821]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"net_income_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Income Attributable to Owners of Parent Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"26\/2 period\\\",\\\"26\/8 period\\\",\\\"27\/2 period\\\",\\\"27\/8 period\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income Attributable to Owners of Parent\\\",\\\"data\\\":[1922,2486,2669,3006]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"dpu_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Distribution per Unit (DPU) Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"26\/2 period\\\",\\\"26\/8 period\\\",\\\"27\/2 period\\\",\\\"27\/8 period\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Distribution per Unit (DPU)\\\",\\\"data\\\":[2386,2553,2475,2780]}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"portfolio_size_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Asset Size Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"End of FY22\\\",\\\"End of FY23\\\",\\\"End of FY24\\\",\\\"End of FY25\\\",\\\"End of FY26\\\",\\\"End of Sep 26\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Asset Size (million yen)\\\",\\\"data\\\":[113,465,133,279,1567,1567]}]},\\\"options\\\":{}}\"}]","ir_related_company":16964,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-133192","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n