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The number of issued investment units at the end of the period was 8,650,000 units, with a distribution per unit of JPY 2,454.","jir_summary":"### Overview of Financial Results\nIn the fiscal year ending December 2025 (49th period), operating revenue was JPY 48,547 million (down 5.2% YoY), operating income was JPY 21,217 million (down 15.4% YoY), and net income attributable to owners of parent was JPY 19,299 million (down 18.0% YoY). The decrease in operating revenue was mainly due to the absence of gains on sales of real estate. Real estate rental income increased by 4.7% to JPY 44,809 million. The number of issued investment units at the end of the period was 8,650,000 units, with a distribution per unit of JPY 2,454. Total assets were JPY 1,448,831 million, up 4.0% YoY, while total liabilities increased 5.9% YoY to JPY 719,649 million.\n\n### Earnings Guidance and Growth Outlook\nFor the fiscal year ending June 2026 (50th period) and the fiscal year ending December 2026 (51st period), operating revenue is forecasted at JPY 53,924 million (up 11.1% YoY) for the 50th period and JPY 50,639 million (down 6.1% YoY) for the 51st period. Operating income is expected to be JPY 26,476 million (up 24.8% YoY) for the 50th period and JPY 22,718 million (down 14.2% YoY) for the 51st period. Net income attributable to owners of parent is projected at JPY 24,064 million (up 24.7% YoY) for the 50th period and JPY 19,963 million (down 17.0% YoY) for the 51st period. Occupancy rates remain in the 98% range, supported by increased real estate rental income and rent revisions.","jir_financial_highlights":"Operating Revenue: 48,547 million yen (Year-over-Year -5.2%)\nOperating Income: 21,217 million yen (Year-over-Year -15.4%)\nOrdinary Income: 19,300 million yen (Year-over-Year -18.0%)\nNet Income Attributable to Owners of Parent: 19,299 million yen (Year-over-Year -18.0%)\nDistribution per Unit (JPY): 2,454 yen (Year-over-Year -1.6%)\nNumber of Issued Investment Units at Period-end (units): 8,650,000 units (Year-over-Year +1.7%)\nTotal Assets: 1,448,831 million yen (Year-over-Year +4.0%)\nTotal Liabilities: 719,649 million yen (Year-over-Year +5.9%)\nInvestors\u2019 Equity: 729,181 million yen (Year-over-Year +2.3%)\nBalance of Interest-bearing Debt: 628,000 million yen (Year-over-Year +5.7%)","jir_category":"","jir_hashtags":"#NipponBuildingFundInc, #FinancialSummary, #JapaneseStocks","jir_key_figures":"Operating Revenue: 48,547 million yen (Year-over-Year -5.2%)\nOperating Income: 21,217 million yen (Year-over-Year -15.4%)\nNet Income Attributable to Owners of Parent: 19,299 million yen (Year-over-Year -18.0%)","jir_meta_title":"Nippon Building Fund Inc. FY2025 Financial Results Operating Revenue JPY 48,547 Million \/ Net Income JPY 19,299 Million","jir_meta_description":"Overview of Nippon Building Fund Inc.'s financial results for the fiscal year ending December 2025. Operating revenue was JPY 48,547 million, operating income was JPY 21,217 million, and net income was JPY 19,299 million. Occupancy rate maintained in the 98% range, supported by increased real estate rental income.","jir_og_title":"Nippon Building Fund Inc. FY2025 Financial Summary","jir_og_description":"Operating revenue of JPY 48,547 million and net income of JPY 19,299 million. 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