Japan Metropolitan Fund Investment (8953) Q2 2026 earnings summary

Executive summary

• Operating revenues increased to ¥52,075,921 thousand for the six months ended February 28, 2026, up from ¥49,325,027 thousand in the previous six months.

• Net income rose to ¥23,695,346 thousand, compared to ¥21,697,204 thousand for the prior period.

• Portfolio occupancy remained high, with most properties at or near 100% occupancy.

Financial highlights

• Operating income grew to ¥26,650,105 thousand, up from ¥24,293,318 thousand year-over-year.

• Total assets increased to ¥1,363,436,155 thousand as of February 28, 2026, from ¥1,329,366,239 thousand as of August 31, 2025.

• Net assets rose to ¥653,100,326 thousand from ¥649,380,624 thousand over the same period.

• Cash and cash equivalents at period end were ¥41,050,913 thousand, down from ¥75,826,081 thousand at the previous period end.

Outlook and guidance

• Continued focus on maintaining high occupancy and stable rent revenues across the portfolio.

• Ongoing asset recycling and selective property sales to optimize portfolio value.