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HEIWA REAL ESTATE REIT, 39% Decrease in Ordinary Profit for The Current Fiscal Year

Mon Jan 19, 2026 3:30 pm JST Earnings

8966 HEIWA REAL ESTATE REIT,Inc.

Earnings Report

HEIWA REAL ESTATE REIT,Inc. <8966> [TSE REIT] announced its financial results after the market closed on January 19th (15:30). The ordinary profit for the fiscal year ended November 2025 increased by 6.7% from the previous period to 5.20 billion yen. However, for the fiscal year ending May 2026, the ordinary profit is expected to drop by 39.1% from the previous period to 3.17 billion yen.

At the same time, the company plans to set the distribution for the current term at 3990 yen.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 9,045 4,694 4,099 4,098 3,432.0 3,640 Jan 17, 2025 J-GAAP
May, 2025 10,154 5,556 4,882 4,881 4,085.0 3,850 Jul 16, 2025 J-GAAP
Nov, 2025 10,704 5,985 5,207 5,206 4,162.0 3,950 Jan 19, 2026 J-GAAP
YoY +5.4% +7.7% +6.7% +6.7% +1.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Guidance 10,648 5,928 5,161 5,161 4,123.7 3,950 Jul 16, 2025 J-GAAP
Nov, 2025 Results 10,704 5,985 5,207 5,206 4,162.0 3,950 Jan 19, 2026 J-GAAP
Revision Rate +0.5% +1.0% +0.9% +0.9% +0.9%

Current Period Guidance

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2025 10,154 5,556 4,882 4,881 4,085.0 3,850 Jul 16, 2025 J-GAAP
Nov, 2025 10,704 5,985 5,207 5,206 4,162.0 3,950 Jan 19, 2026 J-GAAP
May, 2026 Guidance 8,954 4,109 3,170 3,170 2,532.9 3,990 Jan 19, 2026 J-GAAP
YoY -16.3% -31.3% -39.1% -39.1% -39.1%

Quarterly Results

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