Daiwa Securities Living Investment Corporation [8986.T]
TOKYO, May 21 (Pulse News Wire) – Daiwa Securities Living Investment Corporation (8986.T) reported strong operating profit of ¥7.9 million for the quarter ended March 31, 2026. Revenue increased by ¥331 million compared to the previous fiscal period due to higher gains from property sales.
Despite a rise in operational expenses by ¥58.4 million, primarily attributed to increased maintenance costs and advertising fees, the firm managed to achieve a net profit of ¥6.866 billion, up ¥259.8 billion from the same period last year. The company also noted a significant increase in its internal reserves, which grew by ¥423.2 billion. For the upcoming quarters, Daiwa expects continued growth with projected revenue of ¥14.99 billion for the nine months ending September 30, 2026, followed by ¥15.50 billion for the subsequent three-month period.
Notably, the company plans to maintain dividend payouts at a minimum level of ¥284 per share, reflecting its commitment to shareholder returns through active reinvestment strategies. The portfolio valuation showed a total appreciation of ¥230 million across 230 properties, indicating robust asset performance despite fluctuations in individual property valuations. Overall, the company's NOI yield improved slightly, demonstrating sustained profitability and strategic asset management.
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