Worth reading
16Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
8.9
Annualized total yield (%)Wording
Conditional
How definitive the wording is.Items stated in the management plan
What happened to the previous planInitial assumption 4.0% → Total yield 8.9% (annualized)+122.5%Calculated from the two disclosed figures
Key initiatives
01Management aimed at maximizing returns for investors
02Providing investment opportunities that support investors’ asset building
Plan assumptionsHigher interest expense resulting from rising interest rates and other factors, Steady increases in rent levels at the properties under management and other factors
Risks identified by the company
Changes affecting operations, including higher interest expense resulting from rising interest rates
Reason for revision or withdrawal
Because changes affecting operations, including higher interest expense resulting from rising interest rates, have occurred, and distribution forecasts for Nos. 2, 3 and 4 are expected to fall below the initial assumptions.
| Item | Details |
|---|---|
| Plan name | Operating Strategy for the “Ichigo Residence Token” |
| Plan assumptions | Higher interest expense resulting from rising interest rates and other factors, Steady increases in rent levels at the properties under management and other factors |
| Key initiatives | Management aimed at maximizing returns for investors, Providing investment opportunities that support investors’ asset building |
| Results under the previous plan | Initial assumption 4.0% → Total yield 8.9% (annualized) |
| Reason for revision or withdrawal | Because changes affecting operations, including higher interest expense resulting from rising interest rates, have occurred, and distribution forecasts for Nos. 2, 3 and 4 are expected to fall below the initial assumptions. |
| Risks identified | Changes affecting operations, including higher interest expense resulting from rising interest rates |
| Publication date | 22 April 2026 |
Items this document does not state (18)
Plan periodProgress against the planSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize of the Target MarketDate of board resolution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Distribution forecasts for Nos. 2 through 4 are expected to fall below the initial assumptions due to higher interest expense resulting from rising interest rates and other factors. Meanwhile, appraised values have remained on an upward trend, underpinned by the steady rise in rent levels at the properties under management and other factors.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.