Starts Proceed Investment's Net Income Slips in Half-Year Ended April
Starts Proceed Investment (TYO:8979) net income slipped 0.7% to 1.2 billion yen for the six months ended April 30 from 1.21 billion yen in the previous half-year period.The REIT's net income per unit decreased to 4,402 yen from 4,432 yen in the six months to Oct. 31, 2025, according to a Tokyo bourse filing on Monday.Operating revenue rose 0.5% to 3.66 billion yen from 3.64 billion yen in the prior half-year period.Starts Proceed Investment declared a final distribution of 4,402 yen per unit, excluding distribution in excess of earnings, payable from July 15.For the 42nd fiscal period ending Oct. 31, 2026, the REIT expects net income of 1.38 billion yen, distribution per unit of 5,058 yen, and operating revenue of 3.93 billion yen.For the 43rd fiscal period ending April 30, 2027, the company expects net income of 1.17 billion yen, distribution per unit of 4,308 yen, and operating revenue of 3.80 billion yen.