Revisions to operational status and distribution forecasts for the fiscal periods ending November 2026 and May 2027. For the period ending November 2026, operating revenue is expected to increase to 2,316 million yen, and distributions are assumed at 7 yen per unit (excluding excess profit distributions). For the period ending May 2027, a significant increase in operating revenue to 2,803 million yen is expected, with distributions assumed at 3,000 yen per unit (excluding excess profit distributions). Revisions reflect the impact of assets scheduled for disposition and changes in variable rent assumptions.<\/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":"3472","jir_company_name":"Nippon Hotel & Residential Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-04","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/3472-20261104-02.pdf","jir_short_summary":"Revisions to operational status and distribution forecasts for the fiscal periods ending November 2026 and May 2027. For the period ending November 2026, operating revenue is expected to increase to 2,316 million yen, and distributions are assumed at 7 yen per unit (excluding excess profit distributions). For the period ending May 2027, a significant increase in operating revenue to 2,803 million yen is expected, with distributions assumed at 3,000 yen per unit (excluding excess profit distributions). Revisions reflect the impact of assets scheduled for disposition and changes in variable rent assumptions.","jir_summary":"### Summary and Background\nThis IR discloses revisions to the operational status and distribution forecasts for the fiscal periods ending November 2026 and May 2027. The primary factors include increases in variable rent and the impact of domestic real estate disposition transactions; specifically, the incorporation and exclusion of acquired assets and assets scheduled for disposition have been reflected in the forecasts. For the period ending November 2026, operating revenue equivalent to sales is expected to rise, and distributions are assumed at 7 yen per unit (no excess profit distribution). For the period ending May 2027, a substantial revenue increase is anticipated, with distributions assumed at 3,000 yen per unit (no excess profit distribution). The plan also includes returning disposition gains of 491 million yen to distributions for the period ending May 2027.\n\n### Financial Impact and Outlook\nThe revisions are based on the attached assumptions, assuming operations continue with 31 acquired properties and a plan for dispositions and acquisitions of assets scheduled for disposition in the period ending May 2027. Forecasts are highly dependent on these assumptions and may diverge from initial forecasts due to changes in assumptions or market conditions. Proceeds including disposition gains from assets scheduled for disposition are planned to be allocated to future investor returns and funding for acquisition of assets.","jir_financial_highlights":"Operating Revenue: 2,316 million yen (\uff0b8 million yen from previous forecast A)\nOperating Income: 1,270 million yen (\uff0b15 million yen from previous forecast A)\nOrdinary Income: 869 million yen (\uff0b11 million yen from previous forecast A)\nNet Income Attributable to Owners of Parent: 868 million yen (\uff0b11 million yen from previous forecast A)\nDistribution per Unit (excluding excess profit distribution): 7 yen (Same as previous forecast A)\nDistribution per Unit (including excess profit distribution): 2,017 yen (\uff0b28 yen from previous forecast A)\nEstimated Outstanding Number of Investment Units at Period End: 432,307 shares (No change)","jir_category":"","jir_hashtags":"#NipponHotelAndResidentialInvestmentCorporation_OperationalStatusRevision, #DistributionForecastRevision","jir_key_figures":"Operating Revenue (Period Ending November 2026): 2,316 million yen\nOperating Income (Period Ending November 2026): 1,270 million yen\nOrdinary Income (Period Ending November 2026): 869 million yen\nNet Income Attributable to Owners of Parent (Period Ending November 2026): 868 million yen\nDistribution per Unit (excluding excess profit distribution): 7 yen\nDistribution per Unit (including excess profit distribution): 2,017 yen\nEstimated Outstanding Investment Units: 432,307 shares","jir_meta_title":"Nippon Hotel & Residential Investment Corporation Revises Operational Status and Distribution Forecasts | Nov 2026 & May 2027","jir_meta_description":"Nippon Hotel & Residential Investment Corporation revises operational status and distribution forecasts for the fiscal periods ending November 2026 and May 2027. Details include changes to assumptions for acquired and disposition assets, allocation of disposition gains, and outlook for distribution per unit.","jir_og_title":"Revision of Operational Status and Distribution Forecasts | Nippon Hotel & Residential Investment Corporation","jir_og_description":"Revisions to operational status and distribution forecasts for the fiscal periods ending November 2026 and May 2027. Latest outlook reflects the impact of assets scheduled for disposition and changes in variable rent assumptions.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":57145,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-141125","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n