{"id":31512,"date":"2026-02-26T16:03:12","date_gmt":"2026-02-26T07:03:12","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8963-20260226-01_wp_financial_summary\/"},"modified":"2026-02-26T16:03:12","modified_gmt":"2026-02-26T07:03:12","slug":"8963-20260226-01_wp_financial_summary","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8963\/ir\/8963-20260226-01_wp_financial_summary\/","title":{"rendered":"Fiscal Year Ending December 2025\nFinancial Summary (REIT)"},"content":{"rendered":"<p>For the fiscal year ending December 2025, operating revenue was \u00a528,591 million (up 13.9% YoY), net income attributable to owners of parent was \u00a516,688 million (up 16.2% YoY), and distribution per unit increased to \u00a52,186. Expansion of the hotel portfolio and steady operations contributed to the positive results.<\/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":"8963","jir_company_name":"Invincible Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-26","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/8963-20260226-01.pdf","jir_short_summary":"For the fiscal year ending December 2025, operating revenue was \u00a528,591 million (up 13.9% YoY), net income attributable to owners of parent was \u00a516,688 million (up 16.2% YoY), and distribution per unit increased to \u00a52,186. Expansion of the hotel portfolio and steady operations contributed to the positive results.","jir_summary":"### Overview of Business Results\nFor the fiscal year ending December 2025, Invincible Investment Corporation recorded operating revenue of \u00a528,591 million (up 13.9% YoY), operating income of \u00a519,309 million (up 14.0% YoY), ordinary income of \u00a516,689 million (up 16.2% YoY), and net income attributable to owners of parent of \u00a516,688 million (up 16.2% YoY). Distribution per unit increased to \u00a52,186, achieving stable distributions while utilizing retained earnings. The expansion of the hotel portfolio (114 properties, total acquisition price of \u00a5646,565 million) along with increased occupancy rates and rents for domestic and overseas hotels and residential properties contributed to the business performance improvement. Total assets stood at \u00a5709,095 million, net assets at \u00a5354,587 million, and the equity ratio was 50.0%.\n\n### Outlook and Strategy\nOperating revenue for the fiscal half-year ending June 2026 and full year ending December 2026 is projected to be \u00a526,581 million and \u00a529,077 million respectively, with net income attributable to owners of parent forecasted at \u00a514,354 million and \u00a516,369 million. Distributions per unit are expected to remain unchanged at \u00a52,186, aiming to stabilize distributions through the use of retained earnings. The external growth strategy involves continuing acquisitions of hotel and residential properties, while the internal growth strategy promotes maximizing revenue and reducing costs through collaboration with hotel operating companies. On the financial front, the Company will work on diversifying debt repayment schedules and funding sources aiming to improve credit ratings. Additionally, the Company is committed to ESG and sustainability initiatives, promoting sustainable operations through obtaining environmental certifications and utilizing green bonds and green loans.","jir_financial_highlights":"Operating Revenue: \u00a528,591 million (Up 13.9% YoY)\nOperating Income: \u00a519,309 million (Up 14.0% YoY)\nOrdinary Income: \u00a516,689 million (Up 16.2% YoY)\nNet Income Attributable to Owners of Parent: \u00a516,688 million (Up 16.2% YoY)\nDistribution Per Unit: \u00a52,186 (Increase YoY)\nTotal Assets: \u00a5709,095 million (Increase YoY)\nNet Assets: \u00a5354,587 million (Increase YoY)\nInterest-Bearing Debt Balance: \u00a5348,654 million (Increase YoY)\nEquity Ratio: 50.0% (Decrease YoY)","jir_category":"","jir_hashtags":"#InvincibleInvestmentCorporation, #FinancialSummary, #JREIT","jir_key_figures":"Operating Revenue: \u00a528,591 million (up 13.9% YoY)\nNet Income Attributable to Owners of Parent: \u00a516,688 million (up 16.2% YoY)\nDistribution Per Unit: \u00a52,186 (increase YoY)","jir_meta_title":"Invincible Investment Corporation Fiscal Year Ending December 2025 Financial Summary Operating Revenue Up 13.9%, Distribution Per Unit \u00a52,186","jir_meta_description":"Invincible Investment Corporation's financial summary for the fiscal year ending December 2025. Operating revenue was \u00a528,591 million (up 13.9% YoY), net income attributable to owners of parent was \u00a516,688 million (up 16.2% YoY), and distribution per unit was \u00a52,186, reflecting stable performance.","jir_og_title":"Invincible Investment Corporation Announces Fiscal Year Ending December 2025 Financial Summary","jir_og_description":"Operating revenue reached \u00a528,591 million, net income attributable to owners of parent was \u00a516,688 million, and distribution per unit increased to \u00a52,186 for the fiscal year ending December 2025.","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\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Fiscal Half-Year Ending June 2025\\\",\\\"Fiscal Year Ending December 2025\\\",\\\"Forecast Fiscal Half-Year Ending June 2026\\\",\\\"Forecast Fiscal Year Ending December 2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue (\u00a5 million)\\\",\\\"data\\\":[25107,28591,26581,29077],\\\"borderColor\\\":\\\"#3e95cd\\\",\\\"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\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Fiscal Half-Year Ending June 2025\\\",\\\"Fiscal Year Ending December 2025\\\",\\\"Forecast Fiscal Half-Year Ending June 2026\\\",\\\"Forecast Fiscal Year Ending December 2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income (\u00a5 million)\\\",\\\"data\\\":[16935,19309,17212,19476],\\\"borderColor\\\":\\\"#8e5ea2\\\",\\\"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\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Fiscal Half-Year Ending June 2025\\\",\\\"Fiscal Year Ending December 2025\\\",\\\"Forecast Fiscal Half-Year Ending June 2026\\\",\\\"Forecast Fiscal Year Ending December 2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income Attributable to Owners of Parent (\u00a5 million)\\\",\\\"data\\\":[14366,16688,14354,16369],\\\"borderColor\\\":\\\"#3cba9f\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"distribution_per_unit\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Distribution Per Unit Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Fiscal Half-Year Ending June 2025\\\",\\\"Fiscal Year Ending December 2025\\\",\\\"Forecast Fiscal Half-Year Ending June 2026\\\",\\\"Forecast Fiscal Year Ending December 2026\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Distribution Per Unit (\u00a5)\\\",\\\"data\\\":[1895,2186,1895,2186],\\\"borderColor\\\":\\\"#e8c3b9\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"responsive\\\":true,\\\"plugins\\\":{\\\"legend\\\":{\\\"position\\\":\\\"top\\\"}},\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"portfolio_composition\", \"jir_chart_type\": \"pie\", \"jir_chart_title\": \"Portfolio Composition Ratio (Acquisition Price Basis)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"pie\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Hotel\\\",\\\"Residential\\\",\\\"Others\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Acquisition Price Ratio (%)\\\",\\\"data\\\":[646565,41685,100],[\\\"#ff6384\\\",\\\"#36a2eb\\\",\\\"#ffce56\\\"]}]},\\\"options\\\":{\\\"responsive\\\":true}}\"}]","ir_related_company":7864,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-31512","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - 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