Scheduled acquisition of Nihonbashi Honcho M-SQUARE (32.1 billion yen) and Toyosu Bayside Cross Tower (14.8 billion yen) by the end of March 2026. Revised dividend forecasts for the fiscal periods ending June and December 2026, with EPU expected to grow by +75 yen (+3.4%) over three periods.<\/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":"8951","jir_company_name":"NIPPON BUILDING FUND INC.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-01-07","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8951-20260107-04.pdf","jir_short_summary":"Scheduled acquisition of Nihonbashi Honcho M-SQUARE (32.1 billion yen) and Toyosu Bayside Cross Tower (14.8 billion yen) by the end of March 2026. Revised dividend forecasts for the fiscal periods ending June and December 2026, with EPU expected to grow by +75 yen (+3.4%) over three periods.","jir_summary":"### Offering Highlights\nNIPPON BUILDING FUND INC. aims to accelerate both internal and external growth, targeting further increases in EPU (Earnings Per Unit) and DPU (Distributions Per Unit). Backed by a strong real estate rental market, internal growth will be accelerated through rental revisions and tenant replacements at existing properties, alongside acquisitions of newly constructed and central city properties from its sponsor. By managing LTV appropriately, it secures options for continuous fundraising and leverages gains on sales and retained earnings through strategic property swaps.\n\n### Acquired Properties and Financial Position\nThe total scheduled acquisition amount for properties including Nihonbashi Honcho M-SQUARE (32.1 billion yen, 100% occupancy, 0.2 years old) and Toyosu Bayside Cross Tower (14.8 billion yen, 100% occupancy, 5.8 years old) as of March 31, 2026 is 60.7 billion yen; properties scheduled for sale amount to 11.9 billion yen. LTV is 43.4% on a book value basis, with borrowing capacity secured at approximately 70 billion yen. The ratio of long-term fixed interest rates is 84.4%, maintaining a stable financial foundation. EPU is expected to increase by +75 yen (+3.4%) over three periods, with dividend forecasts also revised.","jir_financial_highlights":"Real Estate Rental Income: 1,760 million yen (3.9% increase (Forecast for 49th term \u21d2 Forecast for 51st term))\nInternal Growth: 930 million yen (2.1% increase (Forecast for 49th term \u21d2 Forecast for 51st term))\nScheduled Acquisition Price of Nihonbashi Honcho M-SQUARE: 32.1 billion yen (Unknown)\nScheduled Acquisition Price of Toyosu Bayside Cross Tower: 14.8 billion yen (Unknown)\nLTV (Book Value Basis): 43.4% (Unknown)\nBorrowing Capacity: Approximately 70 billion yen (Unknown)\nEPU Growth (Over 3 Periods): +75 yen (+3.4%) (Projected annualized growth of 2.3%)","jir_category":"","jir_hashtags":"#NipponBuildingFund, #BusinessStrategy, #RealEstateInvestmentTrust","jir_key_figures":"Scheduled Acquisition Price of Nihonbashi Honcho M-SQUARE: 32.1 billion yen (Scheduled acquisition date: 2026-03-31)\nScheduled Acquisition Price of Toyosu Bayside Cross Tower: 14.8 billion yen (Scheduled acquisition date: 2026-03-31)\nLTV (Book Value Basis): 43.4%, Borrowing Capacity: Approximately 70 billion yen","jir_meta_title":"NIPPON BUILDING FUND INC. Plans 60.7 Billion Yen Property Acquisitions with 3.4% EPU Growth over 3 Periods","jir_meta_description":"NIPPON BUILDING FUND INC. plans to acquire properties worth 60.7 billion yen including Nihonbashi Honcho M-SQUARE (32.1 billion yen) by March 2026. It secures an LTV of 43.4% and borrowing capacity of approximately 70 billion yen, projecting EPU growth of +75 yen (+3.4%) over three periods.","jir_og_title":"NIPPON BUILDING FUND INC. Announces 60.7 Billion Yen Property Acquisitions and EPU Growth","jir_og_description":"Scheduled acquisition of properties worth 60.7 billion yen including Nihonbashi Honcho M-SQUARE by March 2026, demonstrating a stable financial foundation and EPU growth outlook.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":7504,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-15189","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n