Nippon Building Fund (8916) Q4, H2 Profit, Revenues Fall Sequentially; Forecasts FY2026

Nippon Building Fund (8916) reported fourth-quarter and half-year results showing sequential declines in both profit and revenue. The real estate investment trust (J-REIT) recorded a net profit of ¥2.4 billion for the quarter ended December 31, 2025, down from ¥3.1 billion in the prior quarter. Revenue fell to ¥12.8 billion from ¥14.5 billion. For the six months ended December 31, 2025, net profit was ¥5.7 billion, down from ¥6.8 billion in the prior half, with revenue slipping to ¥26.1 billion from ¥29.3 billion. The company attributed the declines to lower rental income and higher operating expenses. Nippon Building Fund maintained its full-year 2026 forecast, projecting net profit of ¥11.0 billion and revenue of ¥53.0 billion. The J-REIT also announced a dividend of ¥5.0 per share for the fiscal year ending March 31, 2026, unchanged from the prior year. The stock last traded at ¥1,020, down 1.2% on the session.