Revised upward dividend forecast for the fiscal year ending May 2026 by +4.3% to 7,560 yen due to the return of capital gains. The asset replacement substantially expanded NOI and strengthened the core earnings base.<\/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\u2606","jir_publication_date":"2026-03-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/8976-20260324-03.pdf","jir_short_summary":"Revised upward dividend forecast for the fiscal year ending May 2026 by +4.3% to 7,560 yen due to the return of capital gains. The asset replacement substantially expanded NOI and strengthened the core earnings base.","jir_summary":"### Overview and Effects of Asset Replacement\nDaiwa Office Investment Corporation plans to sell the Daiwa Sarugakucho Building in Chiyoda-ku, Tokyo and the Daiwa Azabudai Building in Minato-ku, Tokyo between November 28, 2025, and May 29, 2026. In exchange, it intends to acquire the Hamamatsucho PREX in Minato-ku, Tokyo and the Prime Sendagaya Building in Shibuya-ku, Tokyo at the end of March 2026. The planned sales assets have an average building age of 41.2 years, whereas the planned acquisitions have a younger average age of 13.2 years. NOI will increase significantly from 100 million yen to 971 million yen, and NOI yield will improve from 2.1% to 3.7%. This will lead to a substantial expansion of core earnings and an improvement in operational efficiency.\n\n### Revision to Dividend Forecast and Future Outlook\nThe dividend forecast for the fiscal year ending May 2026 has been revised upward from 7,250 yen to 7,560 yen, reflecting a 4.3% increase due to the return of capital gains. A portion of these capital gains is expected to be retained internally, aiming to maintain and grow stable dividends. This asset replacement strengthens the Corporation\u2019s earnings foundation, and a stable increase in dividends and future operational performance is expected.","jir_financial_highlights":"Dividend Forecast: 7,560 yen (Up +4.3% compared to forecast)\nTotal Planned Asset Sales Price: 7,340 million yen (Unknown)\nTotal Planned Asset Acquisition Price: 26,550 million yen (Unknown)\nNOI (Total Planned Asset Acquisition): 971 million yen (+871 million yen (compared to planned asset sales))\nNOI Yield (Total Planned Asset Acquisition): 3.7% (+1.6% (compared to planned asset sales))","jir_category":"","jir_hashtags":"#DaiwaOfficeInvestmentCorporation, #EarningsGuidanceRevision, #JapanREIT","jir_key_figures":"Dividend Forecast: 7,560 yen (Up +4.3% compared to forecast)\nTotal Planned Asset Sales Price: 7,340 million yen\nTotal Planned Asset Acquisition Price: 26,550 million yen\nNOI (Total Planned Asset Acquisition): 971 million yen (Up +871 million yen compared to planned asset sales)\nNOI Yield (Total Planned Asset Acquisition): 3.7% (Up +1.6% compared to planned asset sales)","jir_meta_title":"Daiwa Office Investment Corporation Revises Dividend Forecast Upward by 4.3% to 7,560 Yen for Fiscal Year Ending May 2026","jir_meta_description":"Daiwa Office Investment Corporation significantly expands NOI through asset replacement and revises the dividend forecast for the fiscal year ending May 2026 upward by 4.3% to 7,560 yen. This is important information for investors regarding earnings base strengthening.","jir_og_title":"Daiwa Office Investment Corporation Revises Dividend Forecast Upward by 4.3%","jir_og_description":"NOI expands due to asset replacement, revising the fiscal year ending May 2026 dividend to 7,560 yen. Announces strengthening of stable earnings base.","jir_og_image_url":"\/assets\/og\/company-earnings_guidance.jpg","jir_chart_data_collection":"[]","ir_related_company":8066,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-36058","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n