FINWIRES · TerminalLIVE
FINWIRES

Mitsui Fudosan Accommodations Fund's Six-Month Net Income Rises 8.6%

By

Mitsui Fudosan Accommodations Fund's (TYO:3226) net income rose 8.6% to 6.35 billion yen for the six months ended Feb. 28 from 5.85 billion yen the previous half-year period.

The REIT's net income per unit increased to 2,523 yen from 2,324 yen in the previous six-month period, according to a Tokyo bourse filing on Thursday.

Total revenues climbed 4% to 13.7 billion yen from 13.2 billion yen in the prior half-year period.

It declared a final distribution of 2,405 yen per unit, payable from May 15.

For the fiscal period ending Aug. 31, the REIT expects net income of 6.7 billion yen and total revenues of 14.6 billion yen.

For the following six-month period ended Feb. 28, 2027, the REIT expects net income of 6 billion yen and total revenues of 13.8 billion yen.

Mitsui Fudosan plans to pay a distribution of 2,397 yen per unit for the August 2026 period and 2,384 yen per unit for the February 2027 period.

Related Articles

Asia

Yageo's Profit Soars 45% in Q1

Yageo's (TPE:2327) net profit attributable to the parent jumped 44.7% year on year to NT$8.0 billion, or NT$3.90 per share, for the first quarter, according to a Wednesday Taiwan Exchange filing.Revenue for the period also increased 22.7% to NT$38.2 billion.Margins improved during the quarter, with gross margin at 38.1% and operating margin at 25.2%, both higher on a quarterly and annual basis.The electronic component manufacturer attributed growth to continued momentum in AI-related demand and steady gains across standard and specialty products.Yageo said it remains cautious amid geopolitical uncertainties, adding it will monitor tariffs, exchange rates and rising raw material costs in future.

TPE:2327
Asia

China Gas Industry Investment to Transfer Loans Worth 118 Million Yuan to Controlling Shareholder

China Gas Industry Investment (HKG:1940) agreed to assign three loans totaling 118 million yuan to its controlling shareholder, according to a Wednesday Hong Kong bourse filing.Shares of the gas company were down nearly 2% in late-morning trade on Thursday.The loans, along with accrued interest, will be transferred to Tangde Gas for a consideration equal to the outstanding principal.The receivables, extended in 2020, have been overdue since maturity and were fully provided for in the company's accounts.The transaction will generate cash proceeds and support the group's financial position, with net proceeds to be used for general working capital.

HKG:1940
Asia

Virgin Australia Remains in Strong Financial, Strategic Position Due to Conservative Approach to Fuel Hedging, Jarden Says

Virgin Australia Holdings (ASX:VGN) remains in a strong financial and strategic position due to its conservative approach to fuel hedging over fiscal 2026, Jarden said in a note on Wednesday.The airline flagged an increase of fuel costs for the fiscal 2026 second half of around AU$30 million to AU$40 million. Revenue-per-available-seat-kilometer growth is expected to be around 5% in the second half, and 6% in the fourth quarter of fiscal 2026, compared with previous second half guidance of 3% to 4%. Total domestic capacity is now expected to increase 1% in the second half and fall 1% in the fourth quarter.Jarden forecast a higher fuel cost burden in fiscal 2027 than fiscal 2026, especially the first half of fiscal 2027. It modeled a net earnings before interest and taxes (EBIT) impact, after revenue management, of around AU$14 million per quarter in fiscal 2027 from fuel costs exceeding revenue capture.It lowered its fiscal 2026 EBIT forecasts to AU$751 million, and its fiscal 2027 group EBIT forecast to AU$790 million from AU$817 million.The investment firm retained its buy rating on Virgin Australia and reduced the price target to AU$3.80 from AU$4.Virgin Australia's shares soared almost 5% in recent Thursday trade.

ASX:VGN