Following the acquisition of five properties, the operational status and distribution forecast for the fiscal period ending April 2027 have been revised upward. A gain on disposition of approximately 7,930 million yen is expected to be recorded; part will be retained internally as a replacement special reserve under the tax deferral regime. The expected number of outstanding investment units at period-end is approx. 1,511,926 units, and the distribution per unit may be revised to approximately 2,031 yen.<\/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":"8975","jir_company_name":"Ichigo Office REIT Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/8975-20261027-02.pdf","jir_short_summary":"Following the acquisition of five properties, the operational status and distribution forecast for the fiscal period ending April 2027 have been revised upward. A gain on disposition of approximately 7,930 million yen is expected to be recorded; part will be retained internally as a replacement special reserve under the tax deferral regime. The expected number of outstanding investment units at period-end is approx. 1,511,926 units, and the distribution per unit may be revised to approximately 2,031 yen.","jir_summary":"### Performance Overview\nIchigo Office REIT Investment Corporation has revised its operational status and distribution forecast for the fiscal period ending April 2027 to reflect the disposition of five properties dated November 27, 2026. A gain on disposition of approximately 7,930 million yen is expected to be recorded, of which a portion will be internally retained as a replacement special reserve under the tax deferral regime, and 101 million yen will be retained as dividend reserve. As a result, operating revenue, operating income, ordinary income and net income are all expected to increase substantially. Regarding distributions, after applying the replacement special regime, the policy is to distribute the full amount except for fraction processing.\n\n### Impact on Unitholders and Outlook\nThe expected number of outstanding investment units at the end of the fiscal period ending April 2027 is 1,511,926 units (reflecting disposals and cancellations). The expected gain on disposition is approximately 7,930 million yen, of which 2,520 million yen will be treated under the tax deferral special rule applicable to certain asset replacements, and 101 million yen will be internally retained as dividend reserve. Distributions are assumed to be paid in full based on 8,394 million yen, excluding fractional amounts per unit; however, the actual amount may fluctuate due to interest rate movements, rental market changes, issuance of additional investment units and other factors.","jir_financial_highlights":"Operating Revenue: 15,637 million yen (Upward revision of +7,376 million yen from prior forecast of 8,261 million yen)\nOperating Income: 12,069 million yen (Upward revision of +7,977 million yen from prior forecast of 4,092 million yen)\nOrdinary Income: 10,910 million yen (Upward revision of +7,944 million yen from prior forecast of 2,966 million yen)\nNet Income Attributable to Owners of Parent: 10,910 million yen (Upward revision of +7,944 million yen from prior forecast of 2,966 million yen)\nDistribution per Unit: 0 yen (Remains stated as 0 yen after deletion\/revision)","jir_category":"","jir_hashtags":"#IchigoOfficeREITInvestmentCorporationIR, #DistributionForecastRevision, #GainOnDispositionRecognition","jir_key_figures":"Gain on disposition approx. 7,930 million yen\nDistribution per unit 0 yen (assumed full distribution except for fraction processing)\nOutstanding investment units 1,511,926 units (post-revision)","jir_meta_title":"Ichigo Office REIT Investment Corporation: Upward Revision to Operational Status and Distribution Forecast for Fiscal Period Ending April 2027 | Reflecting Post-November 2026 Dispositions","jir_meta_description":"Ichigo Office REIT Investment Corporation has upwardly revised its operational status and distribution forecast for the fiscal period ending April 2027. A gain on disposition of approximately 7,930 million yen is expected; treatment includes use of the replacement special regime, internal retention and dividend reserve handling. New outstanding unit outlook and distribution policy explained.","jir_og_title":"Ichigo Office REIT Investment Corporation: Notice of Upward Revision","jir_og_description":"Announcement of gain on disposition and upward revision to distribution forecast. 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