{"id":30524,"date":"2026-02-20T16:15:03","date_gmt":"2026-02-20T07:15:03","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8987-20260220-01_wp_financial_summary\/"},"modified":"2026-02-20T16:15:03","modified_gmt":"2026-02-20T07:15:03","slug":"8987-20260220-01_wp_financial_summary","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8987\/ir\/8987-20260220-01_wp_financial_summary\/","title":{"rendered":"Financial Summary for the Fiscal Year Ending December 2025 (REIT)"},"content":{"rendered":"<p>For the fiscal year ending December 2025, operating revenue was 11,672 million yen (2.0% year-over-year increase), net income attributable to owners of parent was 4,350 million yen (2.3% year-over-year decrease), and distribution per unit was 3,036 yen. 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Maintained a high occupancy rate of 98.3% while promoting qualitative improvements in the asset portfolio.","jir_summary":"### Overview of Performance\nFor the fiscal year ending December 2025, operating revenue amounted to 11,672 million yen (2.0% year-over-year increase), operating income was 5,157 million yen (1.4% year-over-year decrease), ordinary income was 4,351 million yen (2.3% year-over-year decrease), and net income attributable to owners of parent was 4,350 million yen (2.3% year-over-year decrease). Distribution per unit was 3,036 yen, distributing 90.1% of earnings by applying special provisions for deducting profit distributions for tax purposes, resulting in the accumulation and use of compressed reserves. Maintained a high occupancy rate of 98.3%, leveraging a rising rental market trend in office leasing to increase rental income.\n\n### Asset Management and Financial Condition\nAt the end of the period, the portfolio consisted of 33 properties with a total acquisition cost of 290.5 billion yen and total leasable area of 300,200.04 square meters. Funding was managed appropriately through debt repayments and refinancing, lowering the loan-to-value ratio (LTV) to 43.8%. To stabilize funding, a 14 billion yen commitment line was established, and interest rate swap transactions were used to hedge against interest rate rise risks. Efforts on sustainability include setting CO2 emission intensity reduction targets, achieving the 'Green Star' rating for 11 consecutive years in the GRESB assessment.\n\n### Future Outlook and Management Policies\nFor the fiscal periods ending June and December 2026, operating revenue is projected at 11,553 million yen and 11,434 million yen respectively, net income attributable to owners of parent at 4,271 million yen and 3,886 million yen, and distribution per unit at 3,050 yen and 3,100 yen respectively. While domestic interest rates are expected to rise, investment appetite is assumed to remain strong. External growth efforts focus on acquiring competitive properties and improving portfolio quality, while internal growth efforts emphasize rent increases and maintaining occupancy rates. Financial management aims to maintain LTV within the 35\u201350% range and consider the use of sustainable finance.","jir_financial_highlights":"Operating Revenue: 11,672 million yen (2.0% year-over-year increase)\nOperating Income: 5,157 million yen (1.4% year-over-year decrease)\nOrdinary Income: 4,351 million yen (2.3% year-over-year decrease)\nNet Income Attributable to Owners of Parent: 4,350 million yen (2.3% year-over-year decrease)\nDistribution per Unit: 3,036 yen (Year-over-year decrease (3,106 yen \u2192 3,036 yen))\nOccupancy Rate: 98.3% (0.6 point year-over-year decrease)\nLoan-to-Value Ratio (LTV): 43.8% (1.3% year-over-year decrease)\nTotal Assets: 291,192 million yen (Decrease year-over-year (295,765 million yen \u2192 291,192 million yen))\nNet Assets: 146,208 million yen (Increase year-over-year (145,865 million yen \u2192 146,208 million yen))\nTotal Number of Units Outstanding: 1,290,487 units (Unchanged)","jir_category":"","jir_hashtags":"#JapanExcellentInvestmentCorporation, #FinancialSummary, #REIT, #RealEstateInvestment","jir_key_figures":"Operating Revenue: 11,672 million yen (Fiscal Year Ending December 2025)\nNet Income Attributable to Owners of Parent: 4,350 million yen (Fiscal Year Ending December 2025)\nDistribution per Unit: 3,036 yen (Fiscal Year Ending December 2025)","jir_meta_title":"Japan Excellent Investment Corporation Financial Summary for Fiscal Year Ending December 2025\uff5cOperating Revenue 11,672 million yen, Net Income 4,350 million yen","jir_meta_description":"Japan Excellent Investment Corporation's financial summary for the fiscal year ending December 2025. Operating revenue of 11,672 million yen (2.0% year-over-year increase), net income attributable to owners of parent of 4,350 million yen (2.3% year-over-year decrease), and distribution per unit of 3,036 yen. Maintained a high occupancy rate of 98.3% with stable financial management.","jir_og_title":"Japan Excellent Investment Corporation Announces Financial Summary for Fiscal Year Ending December 2025","jir_og_description":"Operating revenue of 11,672 million yen, net income of 4,350 million yen, distribution per unit of 3,036 yen. 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