Ichigo Office REIT Investment Six-Month Net Income Drops 13%
Ichigo Office REIT Investment's (TYO:8975) net income fell 13% to 3.63 billion yen in the six months ended April 30 from 4.17 billion yen in the previous half-year period.The REIT's net income per share declined to 2,362 yen from 2,700 yen in the previous six-month period, according to a Tokyo bourse filing on Wednesday.Operating revenue dropped 6.2% to 8.70 billion yen from 9.27 billion yen in the prior half-year period.The company declared a final dividend of 2,376 yen per share, payable from July 22.For the six months ending Oct. 31, the REIT expects net income of 8.68 billion yen and operating revenue of 14.2 billion yen.For the April 2027 fiscal period, it forecasts net income of nearly 3 billion yen and operating revenue of 8.26 billion yen.Ichigo Office plans to pay dividends of 5,683 yen per share for October 2026 and 2,010 yen per share for April 2027.
