Operating revenue for the fiscal year ending May 2026 is upwardly revised to JPY 11,531 million (+28.8% vs. previous forecast), ordinary income to JPY 5,629 million (+77.5%), and the distribution per unit remains unchanged at JPY 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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-27","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/8966-20260427-03.pdf","jir_short_summary":"Operating revenue for the fiscal year ending May 2026 is upwardly revised to JPY 11,531 million (+28.8% vs. previous forecast), ordinary income to JPY 5,629 million (+77.5%), and the distribution per unit remains unchanged at JPY 3,990.","jir_summary":"### Overview of Revision to Earnings Forecast\nHeiwa Real Estate REIT, Inc. has revised its earnings forecast for the fiscal year ending May 2026 (49th term), upwardly adjusting operating revenue to JPY 11,531 million (+28.8% vs. previous forecast), and both ordinary income and net income attributable to owners of parent to JPY 5,629 million (+77.5%). This revision is due to the decision to transfer the properties \"HF Nishi-Shinjuku Residence WEST\" and \"HF Nishi-Shinjuku Residence EAST,\" which is expected to cause differences exceeding 10% in operating revenue and over 30% in profit. Meanwhile, the distribution per unit remains unchanged at JPY 3,990.\n\n### Assumptions for Revision and Future Outlook\nThis revision assumes the transfer of two real estate trust beneficiary rights by the end of the fiscal year ending May 2026, with no other changes in operating assets. Interest-bearing debt stands at JPY 138,680 million, with all upcoming maturities scheduled to be refinanced. The impact on the operating forecast for the fiscal year ending November 2026 is minimal, and the distribution amount is not guaranteed. Going forward, forecast figures may fluctuate due to changes in asset composition or market conditions.","jir_financial_highlights":"Operating Revenue: JPY 11,531 million (+28.8% vs. previous forecast)\nOperating Income: JPY 6,588 million (+60.3% vs. previous forecast)\nOrdinary Income: JPY 5,629 million (+77.5% vs. previous forecast)\nNet Income Attributable to Owners of Parent: JPY 5,628 million (+77.5% vs. previous forecast)\nDistribution per Unit: JPY 3,990 (0.0% vs. previous forecast)\nEstimated Number of Units Outstanding at Period-End: 1,251,533 units (Unknown)","jir_category":"","jir_hashtags":"#HeiwaRealEstateREIT, #EarningsForecastRevision, #JapaneseStocks","jir_key_figures":"Operating Revenue: JPY 11,531 million (+28.8% vs. previous forecast)\nOrdinary Income: JPY 5,629 million (+77.5% vs. previous forecast)\nDistribution per Unit: JPY 3,990 (0.0% vs. previous forecast)","jir_meta_title":"Heiwa Real Estate REIT, Inc. Revises Upwards Earnings Forecast for Fiscal Year Ending May 2026\uff5cOperating Revenue JPY 11,531 Million","jir_meta_description":"Heiwa Real Estate REIT, Inc. has revised upwards its operating revenue for the fiscal year ending May 2026 to JPY 11,531 million (+28.8% vs. previous forecast) and ordinary income to JPY 5,629 million (+77.5%). Distribution per unit remains at JPY 3,990.","jir_og_title":"Heiwa Real Estate REIT, Inc. Revises Upwards Earnings Forecast for Fiscal Year Ending May 2026\uff5cOperating Revenue JPY 11,531 Million","jir_og_description":"Operating revenue for the fiscal year ending May 2026 has been revised upwards to JPY 11,531 million. Ordinary income is JPY 5,629 million, and distribution per unit remains at JPY 3,990.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8996,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-43064","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n