The dividend forecast for the fiscal year ending February 2026 has been revised to no dividend, with an impairment loss of 4,933 million yen recorded. Operating income deteriorated significantly from the previous forecast of 1,573 million yen to a loss of 3,323 million yen.<\/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":"2972","jir_company_name":"Sankei Real Estate Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/2972-20260413-01.pdf","jir_short_summary":"The dividend forecast for the fiscal year ending February 2026 has been revised to no dividend, with an impairment loss of 4,933 million yen recorded. Operating income deteriorated significantly from the previous forecast of 1,573 million yen to a loss of 3,323 million yen.","jir_summary":"### Details of Operational Status and Dividend Forecast Revision\nOperating revenues for the fiscal year ending February 2026 (September 1, 2025 to February 28, 2026) are expected to be 2,882 million yen, a slight decrease from the previous forecast. However, operating income has significantly deteriorated from a projected profit of 1,573 million yen to a loss of 3,323 million yen. Likewise, ordinary income and net income are also expected to record large deficits. The dividend per unit has been revised from the previous forecast of 2,773 yen to 0 yen. This is attributable to recording an impairment loss of 4,933 million yen due to a significant decline in the recoverable amount caused by delays in renovation work from lease contract cancellations of Fukuoka Green Building, increased construction costs, and material and labor shortages.\n\n### Future Outlook and Impact\nThe absence of dividends will have a significant impact on investors, and efforts will be made to resume dividend payments as soon as possible. The disclosure of the financial summary originally scheduled for April 15, 2026, has been postponed to April 28. Additionally, 445 million yen has been recorded as corporate tax, with no expectation of re-tenanting completion or property sales during the fiscal year ending February 2027. The number of units outstanding remains unchanged at 467,099 units. Interest-bearing debt amounts to 49,500 million yen, with a loan-to-value (LTV) ratio estimated at 49.8%. Earnings forecasts may fluctuate in response to changes in asset conditions and market environment.","jir_financial_highlights":"Operating Revenues: 2,882 million yen (Down 0.4% from previous forecast of 2,893 million yen)\nOperating Income (Loss): Loss of 3,323 million yen (Significant decrease from previous forecast of 1,573 million yen)\nOrdinary Income (Loss): Loss of 3,564 million yen (Significant decrease from previous forecast of 1,295 million yen)\nNet Income Attributable to Owners of Parent (Loss): Loss of 4,009 million yen (Significant decrease from previous forecast of 1,295 million yen)\nDividend per Unit (Excluding Excess Distributions): 0 yen (Down 100.0% from previous forecast of 2,773 yen)\nImpairment Loss Recorded: 4,933 million yen (Newly recorded)\nCorporate Tax and Others Recorded: 445 million yen (Newly recorded (due to no dividend))\nNumber of Units Outstanding: 467,099 units (No change)","jir_category":"","jir_hashtags":"#SankeiRealEstateInvestmentCorporation, #EarningsForecastRevision, #NoDividend, #ImpairmentLoss, #REIT","jir_key_figures":"Operating Income (Loss): Loss of 3,323 million yen (significant decrease from previous forecast of 1,573 million yen)\nImpairment Loss: 4,933 million yen (due to decline in recoverable amount of Fukuoka Green Building)\nDividend per Unit (Excluding Excess Distributions): 0 yen (revised to no dividend from previous forecast of 2,773 yen)","jir_meta_title":"[Sankei Real Estate Investment Corporation] No Dividend and Recording of Impairment Loss of 4,933 Million Yen for the Fiscal Year Ending February 2026","jir_meta_description":"Sankei Real Estate Investment Corporation has revised the dividend forecast for the fiscal year ending February 2026 to no dividend and recorded an impairment loss of 4,933 million yen on Fukuoka Green Building. Operating income is expected to show a significant loss.","jir_og_title":"[Sankei Real Estate Investment Corporation] No Dividend and Recording of Impairment Loss for the Fiscal Year Ending February 2026","jir_og_description":"The dividend forecast for the fiscal year ending February 2026 has been revised to no dividend, with an impairment loss of 4,933 million yen recorded. Operating income is expected to show a significant loss.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17224,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-40368","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n