In the 18th term (fiscal year ending January 2026), the distribution per unit was \u00a53,615 (up \u00a5127 YoY), occupancy rate was 99.0%, and NAV per unit settled at \u00a5132,548. The forecasted distributions for the 19th and 20th terms are \u00a53,530 and \u00a53,565 respectively.<\/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":"2971","jir_company_name":"Escon Japan REIT Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-17","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/2971-20260317-03.pdf","jir_short_summary":"In the 18th term (fiscal year ending January 2026), the distribution per unit was \u00a53,615 (up \u00a5127 YoY), occupancy rate was 99.0%, and NAV per unit settled at \u00a5132,548. The forecasted distributions for the 19th and 20th terms are \u00a53,530 and \u00a53,565 respectively.","jir_summary":"### Performance Overview\nIn the 18th term (fiscal year ending January 2026), the acquisition effect of \"nine hours woman Shinjuku,\" event promotions, and continued internal growth initiatives including various cost controls absorbed the increased interest payments due to rising rates, achieving profit growth on an actual basis excluding temporary income (penalty fees) from the previous term. Distribution per unit was \u00a53,615, \u00a5127 above the previous term's actual distribution and \u00a5105 above the initial forecast. The occupancy rate remained stable at 99.0%, and NAV per unit was \u00a5132,548. Operating revenue was \u00a53,032 million (down \u00a592 million YoY), operating income was \u00a51,615 million (down \u00a553 million YoY), and net income attributable to owners of parent was \u00a51,303 million (down \u00a597 million YoY).\n\n### Outlook and Earnings Guidance\nThe forecasted distribution for the 19th term (fiscal year ending July 2026) is \u00a53,530, down \u00a585 YoY due to property replacement costs and others, but up \u00a58 from the previous forecast. For the 20th term (fiscal year ending January 2027), a distribution of \u00a53,565 is expected, an increase of \u00a535 YoY, maintaining an upward trend after property replacement. The corporation will continue external growth through new asset acquisitions and portfolio improvement while aiming for stable or improved distributions by strengthening internal growth initiatives and financial strategies.","jir_financial_highlights":"Distribution per Unit: \u00a53,615 (Up \u00a5127 from actual distribution last term; up \u00a5105 from previous forecast)\nOccupancy Rate: 99.0% (Stable since listing)\nNAV per Unit: \u00a5132,548 (Unknown)\nOperating Revenue: \u00a53,032 million (Down \u00a592 million YoY)\nOperating Income: \u00a51,615 million (Down \u00a553 million YoY)\nNet Income Attributable to Owners of Parent: \u00a51,303 million (Down \u00a597 million YoY)\nNOI after Depreciation: \u00a51,896 million (Down \u00a548 million YoY)\nNOI Yield after Depreciation: 5.1% (Down 41bp YoY)\nFFO: \u00a51,523 million (Down \u00a592 million YoY)","jir_category":"","jir_hashtags":"#EsconJapanREITInvestmentCorporation, #EarningsPresentationMaterials, #JapaneseStocks","jir_key_figures":"Distribution per Unit: \u00a53,615 (Up \u00a5127 from actual last term, up \u00a5105 from previous forecast)\nOccupancy Rate: 99.0% (Stable since listing)\nNAV per Unit: \u00a5132,548","jir_meta_title":"Escon Japan REIT Investment Corporation 18th Term Earnings: Distribution per Unit Increases to \u00a53,615 YoY","jir_meta_description":"Earnings presentation materials for Escon Japan REIT Investment Corporation's 18th term (fiscal year ending January 2026). Distribution per unit at \u00a53,615 (up \u00a5127 YoY), 99.0% occupancy rate, with forecasted distributions for the 19th and 20th terms also announced.","jir_og_title":"Escon Japan REIT Investment Corporation 18th Term Earnings Presentation Materials","jir_og_description":"Achieved distribution per unit of \u00a53,615 in the 18th term. Forecasted distributions for the 19th and 20th terms released. Explains stable occupancy rates and asset management strategy.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Revenue Trend (13th Term to 18th Term)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"13th Term\\\",\\\"14th Term\\\",\\\"15th Term\\\",\\\"16th Term\\\",\\\"17th Term\\\",\\\"18th Term\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Revenue (Million Yen)\\\",\\\"data\\\":[Unknown,Unknown,Unknown,Unknown,3124,3032],\\\"backgroundColor\\\":\\\"#4e79a7\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Operating Income Trend (13th Term to 18th Term)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"13th Term\\\",\\\"14th Term\\\",\\\"15th Term\\\",\\\"16th Term\\\",\\\"17th Term\\\",\\\"18th Term\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income (Million Yen)\\\",\\\"data\\\":[Unknown,Unknown,Unknown,Unknown,1668,1615],\\\"backgroundColor\\\":\\\"#f28e2b\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"net_profit_trend\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Net Income Attributable to Owners of Parent Trend (13th Term to 18th Term)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"13th Term\\\",\\\"14th Term\\\",\\\"15th Term\\\",\\\"16th Term\\\",\\\"17th Term\\\",\\\"18th Term\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income Attributable to Owners of Parent (Million Yen)\\\",\\\"data\\\":[Unknown,Unknown,Unknown,Unknown,1401,1303],\\\"backgroundColor\\\":\\\"#e15759\\\"}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":true}}}}\"}, {\"jir_chart_id\": \"distribution_per_unit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Distribution per Unit Trend (13th Term to 18th Term)\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"13th Term\\\",\\\"14th Term\\\",\\\"15th Term\\\",\\\"16th Term\\\",\\\"17th Term\\\",\\\"18th Term\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Distribution per Unit (Yen)\\\",\\\"data\\\":[Unknown,Unknown,Unknown,Unknown,3886,3615],\\\"borderColor\\\":\\\"#76b7b2\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"beginAtZero\\\":false}}}}\"}, {\"jir_chart_id\": \"occupancy_rate_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Occupancy Rate Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Since Listing\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Occupancy Rate (%)\\\",\\\"data\\\":[99.0],\\\"borderColor\\\":\\\"#59a14f\\\",\\\"fill\\\":false}]},\\\"options\\\":{\\\"scales\\\":{\\\"y\\\":{\\\"min\\\":90,\\\"max\\\":100}}}}\"}]","ir_related_company":17480,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-35028","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n