For the fiscal year ending November 2025, operating revenue was JPY 16,056 million (5.6% YoY increase), net income attributable to owners of parent was JPY 7,496 million (7.9% YoY increase), and distributions per unit increased to JPY 8,020. Asset management performance remains solid with an occupancy rate of 98.9%, and the financial base is stable.<\/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":"8976","jir_company_name":"Daiwa Office Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-01-22","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8976-20260122-01.pdf","jir_short_summary":"For the fiscal year ending November 2025, operating revenue was JPY 16,056 million (5.6% YoY increase), net income attributable to owners of parent was JPY 7,496 million (7.9% YoY increase), and distributions per unit increased to JPY 8,020. Asset management performance remains solid with an occupancy rate of 98.9%, and the financial base is stable.","jir_summary":"### Overview of Financial Results\nFor the fiscal year ending November 2025, Daiwa Office Investment Corporation recorded operating revenue of JPY 16,056 million (5.6% YoY increase), operating income of JPY 8,593 million (8.5% YoY increase), ordinary income of JPY 7,497 million (7.9% YoY increase), and net income attributable to owners of parent of JPY 7,496 million (7.9% YoY increase). Distributions per unit rose to JPY 8,020, with a payout ratio of 100.0%. The occupancy rate remained high at 98.9%, securing stable earnings supported by a favorable leasing environment in the central Tokyo office building market.\n\n### Asset Management and Financial Condition\nAt the end of the period, the portfolio consisted of 58 properties (total acquisition cost of JPY 464,354 million) and one anonymous partnership investment interest (JPY 3,746 million), maintaining a portfolio focused on office buildings in central Tokyo. Interest-bearing debt stood at JPY 217,950 million, with an average remaining maturity of long-term borrowings of 4.1 years. Treasury unit retirements totaled 8,410 units, and net assets amounted to JPY 242,491 million. The financial strategy is based on leverage control, maturity diversification, and maintaining a long-term borrowing ratio of over 70%.\n\n### Outlook and ESG Initiatives\nOperating revenue and profits for the fiscal periods ending May 2026 and November 2026 are expected to slightly decline; however, distributions per unit are planned at JPY 7,250 and JPY 7,070, respectively. On the ESG front, active initiatives continue with targets for reducing GHG emissions, an increase in properties with environmental certifications, and achieving the Green Star rating for 14 consecutive years in the GRESB evaluation.","jir_financial_highlights":"Operating Revenue: JPY 16,056 million (5.6% YoY increase)\nOperating Income: JPY 8,593 million (8.5% YoY increase)\nOrdinary Income: JPY 7,497 million (7.9% YoY increase)\nNet Income Attributable to Owners of Parent: JPY 7,496 million (7.9% YoY increase)\nDistribution per Unit: JPY 8,020 (15.9% YoY increase (JPY 6,920 \u2192 JPY 8,020))\nOccupancy Rate: 98.9% (Unknown)\nNumber of Treasury Units Retired: 8,410 units (Unknown)\nInterest-Bearing Debt Balance: JPY 217,950 million (Unknown)\nTotal Assets: JPY 488,321 million (Decrease YoY (JPY 491,803 million \u2192 JPY 488,321 million))","jir_category":"","jir_hashtags":"#DaiwaOfficeInvestmentCorporation, #FinancialSummary, #REIT, #RealEstateInvestment","jir_key_figures":"Operating Revenue: JPY 16,056 million (5.6% YoY increase)\nNet Income Attributable to Owners of Parent: JPY 7,496 million (7.9% YoY increase)\nDistribution per Unit: JPY 8,020 (15.9% YoY increase)","jir_meta_title":"Daiwa Office Investment Corporation Fiscal Year Ending November 2025 Financial Summary\uff5cOperating Revenue JPY 16,056 million, Net Income JPY 7,496 million","jir_meta_description":"Daiwa Office Investment Corporation Fiscal Year Ending November 2025 Financial Summary: Operating revenue of JPY 16,056 million (5.6% YoY increase), net income attributable to owners of parent of JPY 7,496 million (7.9% YoY increase), and distribution per unit of JPY 8,020. Occupancy rate of 98.9%, supported by a stable financial base and high ESG ratings.","jir_og_title":"Daiwa Office Investment Corporation Announces Financial Summary for Fiscal Year Ending November 2025","jir_og_description":"Operating revenue of JPY 16,056 million, net income attributable to owners of parent of JPY 7,496 million, and distribution per unit of JPY 8,020 for the fiscal year ending November 2025. Continued stable growth supported by high occupancy and ESG ratings.","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 (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2025 May Period\\\",\\\"FY2025 November Period\\\",\\\"FY2026 May Forecast\\\",\\\"FY2026 November Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue\\\",\\\"data\\\":[15208,16056,15672,15131],\\\"borderColor\\\":\\\"#3366CC\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2025 May Period\\\",\\\"FY2025 November Period\\\",\\\"FY2026 May Forecast\\\",\\\"FY2026 November Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[7921,8593,8410,7818],\\\"borderColor\\\":\\\"#DC3912\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"net_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Income Attributable to Owners of Parent Trend (Million JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2025 May Period\\\",\\\"FY2025 November Period\\\",\\\"FY2026 May Forecast\\\",\\\"FY2026 November Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income Attributable to Owners of Parent\\\",\\\"data\\\":[6949,7496,7172,6440],\\\"borderColor\\\":\\\"#FF9900\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"distribution_per_unit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Distribution per Unit Trend (JPY)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2025 May Period\\\",\\\"FY2025 November Period\\\",\\\"FY2026 May Forecast\\\",\\\"FY2026 November Forecast\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Distribution per Unit\\\",\\\"data\\\":[6920,8020,7250,7070],\\\"borderColor\\\":\\\"#109618\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"occupancy_rate\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Occupancy Rate (%)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"FY2025 November Period\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Occupancy Rate\\\",\\\"data\\\":[98.9],\\\"backgroundColor\\\":\\\"#990099\\\"}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"display\\\":false}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true,\\\"max\\\":100}}}}\"}]","ir_related_company":8066,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-20408","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n