Failure to meet the plan due to a mismatch between the timing of real estate acquisitions and the method of financing

「Operating profit and below fell short of plan because the company not only failed to acquire income-producing real estate up to the originally planned amount and lost profit because the acquisition was delayed from the originally scheduled timing, but also replaced the financing originally expected to use equity with debt financing, increasing non-operating expenses by the interest-rate differential, among other factors.」