JINUSHI announced results for the third quarter of the fiscal year ending December 2026. It reported revenue of ¥65,492 million and net income of ¥5,284 million, and announced revisions to its earnings and dividend forecasts.
Highlights for the third quarter of the fiscal year ending December 2026 included revenue of ¥65,492 million, operating income of ¥7,628 million, ordinary income of ¥5,485 million and net income of ¥5,284 million, all representing substantial year-on-year increases. In addition, 99% of the properties scheduled for sale during the fiscal year have been finalized, and the company has received a letter of intent to purchase real estate for one property. On the balance sheet, property held for sale stood at ¥97.6 billion and fixed assets, consisting of land, at ¥56.1 billion, with total assets increasing from the end of the previous fiscal year. The equity ratio was 26.8% and is expected to recover to approximately 30% through property sales in the fourth quarter.
Regarding acquisition progress and the outlook, acquisitions under contract stood at ¥55.6 billion, with approximately ¥50 billion of additional acquisitions expected in the fourth quarter. The company aims to exceed ¥100 billion in acquisitions for the full year.
The company raised its forecast for the fiscal year ending December 2026 to consolidated revenue of ¥106,000 million, operating income of ¥12,700 million, ordinary income of ¥9,500 million and net income of ¥8,500 million. Net income is expected to reach a record high for the sixth consecutive fiscal year.
Under the revised dividend forecast, annual dividends per share are expected to increase by ¥5 from the initial forecast to ¥135, comprising an interim dividend of ¥65 and a year-end dividend of ¥70. JINUSHI REIT's 11th capital increase is scheduled for January 2027, with asset size expected to expand to approximately ¥326.6 billion as of the end of March 2027.