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Significant impairment losses were the primary cause of the substantial net profit decline.","jir_summary":"### Earnings Overview\nIn the fiscal year ending February 2026 (14th term), the impairment loss of 4,933 million yen for the Fukuoka Green Building resulted in an operating loss of 3,323 million yen and a net loss attributable to owners of parent of 4,009 million yen, representing a significant decline compared to both the forecast and the previous period. The dividend per unit was 0 yen. Operating revenue increased by 10.3% YoY to 2,882 million yen; however, the impact of impairment loss was substantial. A capital reduction without compensation of 4,009 million yen was carried out with no change in the total number of issued investment units.\n\n### Operational Highlights and Tender Offer\nRental business revenue remained firm with over half of the rent revisions resulting in increases, leading to a 12.3% YoY rise in average rent price. The portfolio's occupancy rate at the end of the period declined to 81.7%, but recovery to 85.4% is expected for the fiscal year ending February 2027. The tender offer has been ongoing since January 7, 2026, aiming for delisting of investment units, with a minimum acquisition threshold of 247,563 units (53% of outstanding units). Financially, interest-bearing liabilities stand at 49.5 billion yen, with a long-term debt ratio of 54.9% and LTV of 49.8%, maintaining stable levels.","jir_financial_highlights":"Operating Revenue: 2,882 million yen (YoY +10.3%, vs. forecast -0.4%)\nOperating Income (Operating Loss): \u25b33,323 million yen (Worsened YoY, improved vs. forecast)\nNet Income (Net Loss): \u25b34,009 million yen (Worsened YoY, improved vs. forecast)\nDividend per Unit: 0 yen\/unit (Decreased YoY)\nImpairment Loss: 4,933 million yen (Newly recorded)\nCapital Reduction without Compensation: 4,009 million yen (Newly implemented)\nUnits of Investment Securities (Tender Offer Minimum): 247,563 units (53% of outstanding units)","jir_category":"","jir_hashtags":"#SankeiRealEstateInvestmentCorporation, #EarningsPresentation, #JREIT","jir_key_figures":"Operating Revenue: 2,882 million yen (YoY +10.3%)\nOperating Loss: 3,323 million yen (including impairment loss of 4,933 million yen)\nNet Loss: 4,009 million yen\nDividend per Unit: 0 yen\nTender Offer Minimum Units: 247,563 units (53% of outstanding units)\nInterest-Bearing Debt Balance: 49.5 billion yen\nLTV: 49.8%","jir_meta_title":"[Sankei Real Estate Investment Corporation] Fiscal Year Ending February 2026 Earnings | Operating Revenue 2.88 Billion Yen (YoY +10.3%)","jir_meta_description":"Sankei Real Estate Investment Corporation announces fiscal year ending February 2026 results. Operating revenue of 2,882 million yen (YoY +10.3%), operating loss of 3,323 million yen driven by impairment losses, and dividend of 0 yen. Tender offer ongoing.","jir_og_title":"[Sankei Real Estate Investment Corporation] Fiscal Year Ending February 2026 Results | Operating Revenue 2.88 Billion Yen (+10.3%)","jir_og_description":"Significant net profit decline in fiscal year ending February 2026 due to impairment losses. Operating revenue increased 10.3% YoY to 2,882 million yen. Tender offer ongoing.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[]","ir_related_company":17224,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-44035","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n