{"id":38146,"date":"2026-03-31T16:14:13","date_gmt":"2026-03-31T07:14:13","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8954-20260331-02_wp_business_update\/"},"modified":"2026-03-31T16:14:13","modified_gmt":"2026-03-31T07:14:13","slug":"8954-20260331-02_wp_business_update","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8954\/ir\/8954-20260331-02_wp_business_update\/","title":{"rendered":"Supplementary Explanation Materials Regarding the Press Release Published on March 31, 2026"},"content":{"rendered":"<p>As of March 31, 2026, promoting asset replacement with property acquisitions totaling 92.3 billion yen and disposals totaling 35.1 billion yen, building a portfolio targeting DPU growth of 3% per annum plus alpha.<\/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":"8954","jir_company_name":"ORIX JREIT Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/8954-20260331-02.pdf","jir_short_summary":"As of March 31, 2026, promoting asset replacement with property acquisitions totaling 92.3 billion yen and disposals totaling 35.1 billion yen, building a portfolio targeting DPU growth of 3% per annum plus alpha.","jir_summary":"### Portfolio Enhancement through Property Acquisitions and Disposals\nAs of March 31, 2026, ORIX JREIT Inc. plans and has conducted property acquisitions totaling 92.3 billion yen in acquisition price. Properties with diverse uses including residential, office, and hotel were acquired, with an appraised NOI yield around 3.8% to 4.6%. Concurrently, disposals totaling 35.1 billion yen have been advanced to rejuvenate the portfolio\u2019s average asset age and improve profitability. This promotes building a portfolio aiming for DPU growth of 3% per annum plus alpha.\n\n### Effects of Asset Replacement Contributing to Investor Value Enhancement\nCompared to the rental NOI and post-depreciation profit of the disposed assets, the acquired assets maintain higher levels of appraised NOI yield and post-depreciation yield, indicating expected income expansion. Additionally, the average asset age greatly rejuvenates from 37.0 years for disposed assets to 9.8 years for acquired assets, realizing qualitative asset improvements. By acquiring offices and residences with high transportation accessibility and robust rent increase prospects, as well as hotels in the Kansai area expected to capture inbound demand, this contributes to the growth of investor value.","jir_financial_highlights":"Acquired Assets (Total Acquisition Price): 92.3 billion yen (Unknown)\nDisposed Assets (Total Disposal Price): 35.1 billion yen (Unknown)\nAcquisition Price of Bayside Park OSAKA South Residence: 3.54 billion yen (Unknown)","jir_category":"","jir_hashtags":"#ORIXJREIT, #BusinessStrategy, #JapaneseEquities","jir_key_figures":"Total Acquired Assets: 92.3 billion yen\nTotal Disposed Assets: 35.1 billion yen\nAcquisition Price of Bayside Park OSAKA South Residence: 3.54 billion yen","jir_meta_title":"ORIX JREIT Inc. Drives DPU Growth with 92.3 Billion Yen Property Acquisitions and 35.1 Billion Yen Asset Disposals","jir_meta_description":"In the materials dated March 31, 2026, ORIX JREIT Inc. announced portfolio strengthening targeting annual DPU growth of 3% plus alpha through property acquisitions totaling 92.3 billion yen and asset disposals of 35.1 billion yen.","jir_og_title":"ORIX JREIT Inc. Provides Supplementary Explanation of Growth Strategy via Property Acquisitions and Asset Replacement","jir_og_description":"Explaining the strategy aiming for DPU growth by improving profitability and rejuvenating asset age through acquisitions worth 92.3 billion yen and disposals of 35.1 billion yen.","jir_og_image_url":"\/assets\/og\/company-business_update.jpg","jir_chart_data_collection":"[]","ir_related_company":7790,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"business_update","footnotes":""},"sector":[],"importance":[],"class_list":["post-38146","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supplementary Explanation Materials Regarding the Press Release Published on March 31, 2026 - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-8954\/ir\/8954-20260331-02_wp_business_update\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8954\/ir\/8954-20260331-02_wp_business_update\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-8954\/ir\/8954-20260331-02_wp_business_update\/\",\"name\":\"Supplementary Explanation Materials Regarding the Press Release Published on March 31, 2026 - 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