Nippon Building Fund (S4C) 주식 개요NBF(일본 빌딩 펀드)는 주로 도쿄를 비롯한 전국의 오피스 빌딩에 투자하는 일본 최대 부동산 투자 신탁(J-REIT)입니다. 자세히 보기S4C 펀더멘털 분석스노우플레이크 점수가치 평가1/6미래 성장1/6과거 실적2/6재무 건전성1/6배당4/6강점수익은 매년 3.67% 증가할 것으로 예상됩니다.위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.불안정한 배당 실적모든 위험 점검 보기S4C Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW484,467 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA484,467 investors already sharing narrativesYour Fair Value€Current Price€700.0025.6% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0115b2016201920222025202620282031Revenue JP¥114.9bEarnings JP¥49.4bAdvancedSet Fair ValueView all narrativesNippon Building Fund Inc. 경쟁사Vornado Realty TrustSymbol: NYSE:VNOMarket cap: US$8.2bGecinaSymbol: ENXTPA:GFCMarket cap: €5.6bJapan Real Estate InvestmentSymbol: TSE:8952Market cap: JP¥870.4bKnowledge Realty TrustSymbol: NSEI:KRTMarket cap: ₹521.7b가격 이력 및 성과Nippon Building Fund 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥700.0052주 최고가JP¥840.0052주 최저가JP¥630.00베타0.281개월 변동2.19%3개월 변동-0.71%1년 변동-11.39%3년 변동-8.85%5년 변동-36.36%IPO 이후 변동-9.68%최근 뉴스 및 업데이트공고 • Jul 18Nippon Building Fund Inc. to Report Fiscal Year 2026 Results on Aug 17, 2026Nippon Building Fund Inc. announced that they will report fiscal year 2026 results on Aug 17, 2026Upcoming Dividend • Jun 25Upcoming dividend of JP¥2,460 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%).Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Part-Time Director Yasuhisa Hashimoto was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Feb 16Nippon Building Fund Inc. Announces Distribution for the Fiscal Year Ended December 31, 2025Nippon Building Fund Inc. announced distribution for the fiscal year ended December 31, 2025. For the period, the company announced a dividend of JPY 2,495 per unit (excluding distributions in excess of earnings). The total amount of distributions (excluding distributions in excess of earnings) is JPY 21,227 Million.공고 • Jan 23Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion.Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion. Security Name: Units Security Type: Common Stock Securities Offered: 20,200 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 5,000 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 66,000 Price\Range: ¥142492 Discount Per Security: ¥4362공고 • Jan 08+ 2 more updatesMitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion.Mitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion on January 7, 2026. A cash consideration of ¥10 billion will be paid by Mitsui Fudosan Co., Ltd. In related transaction, Nippon Building Fund Inc. agreed to acquire Nihonbashi Honcho M-SQUARE and Toyosu Bayside Cross Tower in Tokyo from Mitsui Fudosan Co., Ltd. and Kajima Corporation for ¥46.9 billion. Nippon Building Fund will use the funds for the repayment of borrowings and cash on hand, etc. The transaction is expected to complete on June 30, 2026.더 많은 업데이트 보기Recent updates공고 • Jul 18Nippon Building Fund Inc. to Report Fiscal Year 2026 Results on Aug 17, 2026Nippon Building Fund Inc. announced that they will report fiscal year 2026 results on Aug 17, 2026Upcoming Dividend • Jun 25Upcoming dividend of JP¥2,460 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%).Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Part-Time Director Yasuhisa Hashimoto was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Feb 16Nippon Building Fund Inc. Announces Distribution for the Fiscal Year Ended December 31, 2025Nippon Building Fund Inc. announced distribution for the fiscal year ended December 31, 2025. For the period, the company announced a dividend of JPY 2,495 per unit (excluding distributions in excess of earnings). The total amount of distributions (excluding distributions in excess of earnings) is JPY 21,227 Million.공고 • Jan 23Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion.Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion. Security Name: Units Security Type: Common Stock Securities Offered: 20,200 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 5,000 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 66,000 Price\Range: ¥142492 Discount Per Security: ¥4362공고 • Jan 08+ 2 more updatesMitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion.Mitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion on January 7, 2026. A cash consideration of ¥10 billion will be paid by Mitsui Fudosan Co., Ltd. In related transaction, Nippon Building Fund Inc. agreed to acquire Nihonbashi Honcho M-SQUARE and Toyosu Bayside Cross Tower in Tokyo from Mitsui Fudosan Co., Ltd. and Kajima Corporation for ¥46.9 billion. Nippon Building Fund will use the funds for the repayment of borrowings and cash on hand, etc. The transaction is expected to complete on June 30, 2026.공고 • Jan 07+ 2 more updatesNippon Building Fund Inc. Revises Dividend Guidance for the Period Ending June 30, 2026 and Provides Dividend Guidance for the Period Ending December 31, 2026Nippon Building Fund Inc. revised dividend guidance for the period ending June 30, 2026 and provided dividend guidance for the period ending December 31, 2026. For the December 31, 2026, the company expects to pay dividend of JPY 2,465 per unit against JPY 2,420 per unit which was expects to pay for the year December 31, 2025. For the period ending June 30, 2026, the company expects to pay dividend of JPY 2,460 per unit against JPY 2,448 per unit previous forecast.공고 • Oct 08Nippon Building Fund Inc. announces Semi-Annual dividend, payable on March 17, 2026Nippon Building Fund Inc. announced Semi-Annual dividend of JPY 2420.0000 per share payable on March 17, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.공고 • Oct 01An undisclosed buyer agreed to acquire NBF Sapporo Minami Nijo Building from Nippon Building Fund Inc. (TSE:8951) for ¥1.9 billion.An undisclosed buyer agreed to acquire NBF Sapporo Minami Nijo Building from Nippon Building Fund Inc. (TSE:8951) for ¥1.9 billion on September 30, 2025. A cash consideration of ¥1.9 billion will be paid by the buyer. As part of consideration, ¥1.9 billion is paid towards assets of NBF Sapporo Minami Nijo Building. The transaction will be financed by cash in hand. The expected completion of the transaction is July 1, 2026.공고 • Jul 20Nippon Building Fund Inc. to Report Fiscal Year 2025 Results on Aug 15, 2025Nippon Building Fund Inc. announced that they will report fiscal year 2025 results on Aug 15, 2025공고 • Jun 21Nippon Building Fund Inc. has filed a Follow-on Equity Offering.Nippon Building Fund Inc. has filed a Follow-on Equity Offering. Security Name: Units Security Type: Common Stock Securities Offered: 138,045공고 • Jun 20+ 2 more updatesNippon Building Fund Inc. Provides Distribution Guidance for the Period Ending June 30, 2026Nippon Building Fund Inc. provided distribution guidance for the period ending June 30, 2026. For the period, the company expected distribution of JPY 2,420 per unit.공고 • Feb 18Nippon Building Fund Inc. announces Semi-Annual dividend, payable on September 16, 2025Nippon Building Fund Inc. announced Semi-Annual dividend of JPY 2400.0000 per share payable on September 16, 2025, ex-date on June 27, 2025 and record date on June 30, 2025.공고 • Feb 17Nippon Building Fund Inc. to Report Second Half, 2024 Results on Feb 17, 2025Nippon Building Fund Inc. announced that they will report second half, 2024 results on Feb 17, 2025공고 • Oct 31Nippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 millionNippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 million on October 31, 2024. A cash consideration of ¥63 million will be paid by Nippon Building Fund Inc. As part of consideration, ¥63 million is paid towards assets of Kowa Nishi-Shinbashi Building B. Upon completion, Nippon Building Fund Inc. will own 85.53% stake in Kowa Nishi-Shinbashi Building B. Nippon Building Fund Inc. (TSE:8951) completed the acquisition of an additional 0.46% stake in Kowa Nishi-Shinbashi Building B on October 31, 2024.Declared Dividend • Oct 13Final dividend of JP¥2,400 announcedShareholders will receive a dividend of JP¥2,400. Ex-date: 27th December 2024 Payment date: 17th March 2025 Dividend yield will be 305%, which is higher than the industry average of 5.8%.Reported Earnings • Sep 28Full year 2024 earnings released: FFO per share: JP¥6.1k (vs JP¥6,036 in FY 2023)Full year 2024 results: FFO per share: JP¥6.1k (up from JP¥6,036 in FY 2023). Revenue: JP¥97.5b (up 3.6% from FY 2023). Funds from operations (FFO): JP¥51.8b (flat on FY 2023). FFO margin: 53% (down from 55% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.New Risk • Sep 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future.Buy Or Sell Opportunity • Aug 22Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €3,840. The fair value is estimated to be €3,153, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings are forecast to grow by 0.1% per annum over the same time period.공고 • Aug 15+ 3 more updatesNippon Building Fund Inc. to Report First Half, 2024 Results on Aug 15, 2024Nippon Building Fund Inc. announced that they will report first half, 2024 results on Aug 15, 2024Buy Or Sell Opportunity • Jul 13Now 22% overvaluedOver the last 90 days, the stock has fallen 8.8% to €3,300. The fair value is estimated to be €2,714, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.Buy Or Sell Opportunity • Jul 02Now 15% overvaluedOver the last 90 days, the stock has fallen 12% to €3,200. The fair value is estimated to be €2,788, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.Buy Or Sell Opportunity • Jun 25Now 21% overvaluedOver the last 90 days, the stock has fallen 5.5% to €3,440. The fair value is estimated to be €2,834, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.공고 • Mar 29Nippon Building Fund Inc Announces Eiichiro Onozawa Resigns as Substitute Executive Director, As of March 31, 2024Nippon Building Fund Inc. ("NBF") announced that executive director has offered his registration, which was accepted as of this day. Eiichiro OnozawaResigning as Substitute Executive Director (as of March 31, 2024).공고 • Mar 12Nippon Building Fund Inc. Announces the Retirement of Tetsuya Saito as Full-Time Director, Effective as of March 31, 2024Nippon Building Fund Management Ltd. ("NBFM"), to which Nippon Building Fund Inc. announced the retirement of Director (full-time): Tetsuya Saito (as of March 31, 2024).Declared Dividend • Feb 18First half dividend of JP¥12,500 announcedShareholders will receive a dividend of JP¥12,500. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 359%, which is higher than the industry average of 5.8%.공고 • Feb 16Nippon Building Fund Inc. to Report Fiscal Year 2023 Results on Feb 15, 2024Nippon Building Fund Inc. announced that they will report fiscal year 2023 results on Feb 15, 2024공고 • Feb 02Nippon Building Fund Inc. Revises Earnings Guidance for the Fiscal Periods Ending June 30, 2024Nippon Building Fund Inc. revised earnings guidance for the fiscal period ending June 30, 2024. For the fiscal period ending June 30, 2024, the company expects operating revenues of JPY 50,113 million, operating income of JPY 23,751 million and net income of JPY 22,377 million compared to the previous guidance of operating revenues of JPY 46,826 million, operating income of JPY 20,517 million and net income of JPY 19,165 million provided earlier.Upcoming Dividend • Dec 21Upcoming dividend of JP¥11,500 per share at 3.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 March 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.5%).공고 • Oct 01Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Yodoyabashi Flex Tower from Global One Real Estate Investment Corp. (TSE:8958) for ¥9.8 billion.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Yodoyabashi Flex Tower from Global One Real Estate Investment Corp. (TSE:8958) for ¥9.8 billion on September 29, 2023. Yodoyabashi Flex Tower reported revenue of ¥490 million on August 31, 2023.Transaction is expected to close on November 30,2023.공고 • Sep 08Nippon Building Fund Incorporation (TSE:8951) acquired additional 2.6% stake in Nishi-Shinjuku Mitsui Building on ¥120 million.Nippon Building Fund Incorporation (TSE:8951) acquired additional 2.6% stake in Nishi-Shinjuku Mitsui Building on ¥120 million on September 7, 2023. Transaction was financed by it's own funds. Nippon Building Fund Incorporation (TSE:8951) Completed the acquisition of additional 2.6% stake in Nishi-Shinjuku Mitsui Building on September 7, 2023.Reported Earnings • Aug 21Full year 2023 earnings released: EPS: JP¥23,294 (vs JP¥28,170 in FY 2022)Full year 2023 results: EPS: JP¥23,294 (down from JP¥28,170 in FY 2022). Revenue: JP¥94.4b (down 6.6% from FY 2022). Net income: JP¥39.6b (down 16% from FY 2022). Profit margin: 42% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.공고 • Aug 15Nippon Building Fund Incorporation to Report First Half, 2023 Results on Aug 15, 2023Nippon Building Fund Incorporation announced that they will report first half, 2023 results on Aug 15, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥11,500 per share at 4.1% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 September 2023. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%).Board Change • Mar 28No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Supervisory Director Kazuhisa Kobayashi was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 17First half 2023 earnings released: EPS: JP¥11,927 (vs JP¥13,148 in 1H 2022)First half 2023 results: EPS: JP¥11,927 (down from JP¥13,148 in 1H 2022). Revenue: JP¥47.4b (down 5.3% from 1H 2022). Net income: JP¥20.3b (down 6.6% from 1H 2022). Profit margin: 43% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.공고 • Feb 16+ 2 more updatesNippon Building Fund Incorporation Provides Distribution Guidance for Period Ending December 31, 2022Nippon Building Fund Incorporation provided distribution guidance of JPY 11,500 per unit for period ending December 31, 2023 as compared to distribution of JPY 11,500 per unit for the period ended December 31, 2022.공고 • Feb 15Nippon Building Fund Incorporation to Report Second Half, 2022 Results on Feb 15, 2023Nippon Building Fund Incorporation announced that they will report second half, 2022 results on Feb 15, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%).Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. President, CEO & Full-Time Director of Nippon Building Fund Management Ltd. Eiichiro Onozawa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Nov 01SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion.SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion on October 31, 2022. Consideration will be one time, lump-sum payment at the time of delivery. The transaction is expected to close on January 11, 2023. Use of proceeds will be for Repayment of debt etc.Reported Earnings • Aug 17Full year 2022 earnings released: EPS: JP¥28,129 (vs JP¥24,561 in FY 2021)Full year 2022 results: EPS: JP¥28,129 (up from JP¥24,561 in FY 2021). Revenue: JP¥102.5b (up 18% from FY 2021). Net income: JP¥47.2b (up 22% from FY 2021). Profit margin: 46% (up from 45% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.공고 • Aug 15+ 2 more updatesNippon Building Fund Incorporation to Report First Half, 2022 Results on Aug 15, 2022Nippon Building Fund Incorporation announced that they will report first half, 2022 results on Aug 15, 2022Upcoming Dividend • Jun 22Upcoming dividend of JP¥13,000 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 September 2022. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.7%).Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President, CEO & Full-Time Director of Nippon Building Fund Management Ltd. Eiichiro Onozawa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Mar 06Nippon Building Fund Incorporation Announces Retirement of Yoshiyuki Tanabe as Director, Effective March 31, 2022Nippon Building Fund Incorporation announced retirement of Yoshiyuki Tanabe as director as of March 31, 2022.Reported Earnings • Feb 16First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: JP¥13,148 (up from JP¥11,525 in 1H 2021). Revenue: JP¥50.3b (up 21% from 1H 2021). Net income: JP¥21.7b (up 26% from 1H 2021). Profit margin: 43% (up from 41% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공고 • Feb 16Nippon Building Fund Incorporation Provides Distribution Guidance for Period Ending June 30, 2021Nippon Building Fund Incorporation provided distribution guidance of JPY 13,000 per unit for period ending June 30, 2021 as compared to distribution of JPY 11,684 per unit for the period ended June 30, 2021.공고 • Feb 15Nippon Building Fund Incorporation Provides Earnings Guidance for the Period Ending June 30,2022 and December 31, 2022Nippon Building Fund Incorporation provided earnings guidance for the period ending June 30,2022 and December 31, 2022. For the period June 30, 2022, the company expected operating revenues to be JPY 52,022 million, Operating income to be JPY 25,988 million and Net income to be JPY 24,543 million.For period December 31, 2022, the company expected operating revenues to be JPY 47,309 million, Operating income to be JPY 22,021 million and Net income to be JPY 20,662 million.공고 • Feb 10Nippon Building Fund Incorporation to Report Fiscal Year 2021 Results on Feb 15, 2022Nippon Building Fund Incorporation announced that they will report fiscal year 2021 results on Feb 15, 2022공고 • Jan 07+ 6 more updatesAn unknown buyer agreed to acquire NBF Niigata Telecom Building from Nippon Building Fund Incorporation (TSE:8951) for approximately 4000.An unknown buyer agreed to acquire NBF Niigata Telecom Building from Nippon Building Fund Incorporation (TSE:8951) for approximately 4000 million on January 6, 2022. In related transaction Nippon Building Fund Incorporation is acquiring Nakanoshima Mitsui Building and IIDABASHI GRAND BLOOM and disposing Toyo-cho Center Bldg and NBF Hiroshima Tatemachi Bldg. Nippon Building Fund Incorporation will use the funds for repayment of debt. Transaction is expected to close on July 1, 2022.Upcoming Dividend • Dec 23Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).Upcoming Dividend • Dec 23Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).공고 • Dec 01Nippon Building Fund Incorporation (TSE:8951) acquired additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) for ¥3.2 billion.Nippon Building Fund Incorporation (TSE:8951) acquired additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) for ¥3.2 billion on November 30, 2021. As per the transaction, Nippon Building Fund Incorporation now owns 90% stake in Yokohama ST Building. As on October 31, 2021, Yokohama ST Building generated total rental revenues of ¥256 million. Nippon Building Fund Incorporation (TSE:8951) completed the acquisition of additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) on November 30, 2021.공고 • Aug 18An unknown buyer agreed to acquire Nakanosakaue Sunbright Twin, Sun Mullion NBF Tower and NBF Unix Bldg from Nippon Building Fund Incorporation (TSE:8951) for ¥59.3 billion.An unknown buyer agreed to acquire Nakanosakaue Sunbright Twin, Sun Mullion NBF Tower and NBF Unix Bldg from Nippon Building Fund Incorporation (TSE:8951) for ¥59.3 billion on August 16, 2021. In related transactions, Nippon Building Fund Incorporation agreed to sell NBF Ochanomizu Bldg. ¥16.1 billion respectively. Anticipated delivery date is January 31, 2022. Daiwa Real Estate Appraisal Co., Ltd. and The Tanizawa Sogo Appraisal Co., Ltd. acted as appraiser for the property.공고 • Aug 17Nippon Building Fund Incorporation (TSE:8951) signed an contract to acquire Iidabashi Grand Bloom from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥77.6 billion.Nippon Building Fund Incorporation (TSE:8951) signed an contract to acquire Iidabashi Grand Bloom from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥77.6 billion on August 16, 2021. In related transaction Nippon Building Fund Incorporation signed an contract to sell 4 properties for ¥75.4 billion on August 16, 2021. Consideration will be financed from the combination of cash in hand, loans and sale proceeds. Transaction is expected to complete on September 30, 2021. Daiwa Real Estate Appraisal Co., Ltd. acted as appraiserUpcoming Dividend • Jun 22Upcoming dividend of JP¥11,350 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 September 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (3.4%).Reported Earnings • Apr 05First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥40.4b (up 3.8% from 1H 2020). Net income: JP¥17.3b (up 11% from 1H 2020). Profit margin: 43% (up from 40% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.Reported Earnings • Feb 18First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥41.7b (up 7.4% from 1H 2020). Net income: JP¥17.3b (up 11% from 1H 2020). Profit margin: 41% (up from 40% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.Is New 90 Day High Low • Feb 15New 90-day high: €4,950The company is up 7.0% from its price of €4,620 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 7.0% over the same period.공고 • Jan 29Nippon Building Fund Incorporation, Annual General Meeting, Mar 09, 2021Nippon Building Fund Incorporation, Annual General Meeting, Mar 09, 2021, at 10:00 Tokyo Standard Time. Location: Station Conference Tokyo "Sapia Hall" Sapia Tower 5F, 1-7-12 Marunouchi, Chiyoda-ku Tokyo Japan Agenda: To consider appointment of One Executive Director; to consider appointment of Two Substitute Executive Directors; and to consider appointment of Three Supervisory Directors.Is New 90 Day High Low • Jan 28New 90-day high: €4,720The company is up 10.0% from its price of €4,273 on 30 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 1.0% over the same period.공고 • Dec 20Nippon Building Fund Incorporation and Nippon Building Fund Management Ltd. to Lease Shinjuku Mitsui Building to Mitsui Fudosan Co., LtdNippon Building Fund Inc. ("NBF") and Nippon Building Fund Management Ltd. ("NBFM"), to which NBF entrusts asset management services, hereby provide notice of the decision on December 18, 2020 to lease Shinjuku Mitsui Building (the "Property") to Mitsui Fudosan Co. Ltd. ("Mitsui Fudosan") as announced in "Notice of Acquisition and Commencement of Lease of Domestic Assets" dated October 9, 2020, as follows: Furthermore, the lessee is Mitsui Fudosan Co. Ltd., the major shareholder of NBFM ("Mitsui Fudosan"). Mitsui Fudosan is an interested party under Article 201 of the Investment Trust Act "ITA") as well as Article 123 of the Enforcement Order of the ITA. As such, NBFM has obtained necessary prior approval by the board of directors of NBF in connection with the lease of the Property subject to Article 201-2 of the ITA. NBF and NBFM have decided to lease the Property to Mitsui Fudosan based on the decision that maintaining the relationship with the existing tenants and remaining under the operation of the Mitsui brand as has been since the completion would be beneficial for the management of the Property. All sections of the Property will be leased to Mitsui Fudosan, and Mitsui Fudosan will sub-lease the same spaces to its sub-lessees. In addition, the subtenants meet the selection criteria described in NBF's Annual Securities Report dated on September 29, 2020, which is referred to in the "Report regarding the operation system of the Real Estate Investment Trust Issuer" dated September 29, 2020.공고 • Nov 17Nippon Building Fund Incorporation (TSE:8951) agreed to acquire additional 8.62% stake in NBF Ogawamachi Building from multiple individuals for ¥480 million.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire additional 8.62% stake in NBF Ogawamachi Building from multiple individuals for ¥480 million on November 16, 2020. The consideration will be paid lumpsum Nippon will own approximately 92.47% stake in NBF Ogawamachi Building after the transaction. The transaction is expected to complete on November 30, 2020.Is New 90 Day High Low • Oct 12New 90-day low: €4,568The company is down 4.0% from its price of €4,771 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 3.0% over the same period.공고 • Oct 11+ 2 more updatesNippon Building Fund Incorporation (TSE:8951) agreed to acquire Shinjuku Mitsui Building and Gran Tokyo South Tower from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥220 billion.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Shinjuku Mitsui Building and Gran Tokyo South Tower from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥220 billion on October 9, 2020. Under the terms of the transaction, Nippon Building Fund Incorporation will pay ¥170 billion for Shinjuku Mitsui Building and ¥47 billion for Gran Tokyo South Tower. Nippon Building Fund Incorporation intends to fund the acquisition using the amount from the proceeds of issuing new investment units, loans and own funds. The transaction was approved by the Board of Directors of Nippon Building Fund Incorporation. The transaction is expected to close on January 8, 2021. Daiwa Real Estate Appraisal Co., Ltd acted as appraiser in the deal.Reported Earnings • Oct 04Full year earnings released - FFO €16,125 per shareOver the last 12 months the company has reported total funds from operations (FFO) of JP¥22.8b, down 48% from the prior year. Total revenue was JP¥77.5b over the last 12 months, up 3.1% from the prior year. FFO margins were 29%, which is lower than the 56% margin from last year. The decrease in margin was driven by higher expenses.공고 • Sep 29Nippon Building Fund Incorporation (TSE:8951) entered into agreement to acquire Osaki Bright Tower and two other properties from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥40.22 billion.Nippon Building Fund Incorporation (TSE:8951) entered into agreement to acquire Osaki Bright Tower and two other properties from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥40.22 billion on August 17, 2020. The other two properties are Nagoya Mitsui Main Building and Nagoya Mitsui New Building. The funding for the acquisition is done through cash on hand and loan. The acquisition is partially funded by borrowing ¥31 billion comprising long term borrowing of ¥5 billion at 0.270% interest and short term borrowings of ¥26 billion at .270% interest. The deal is expected to be completed by October 1, 2020. Daiwa Real Estate Appraisal Co., Ltd. acted as appraiser in the deal.공고 • Aug 18+ 1 more updateTosei Corporation (TSE:8923) signed a contract to acquire NBF Shinkawa Building from Nippon Building Fund Incorporation (TSE:8951) for ¥11.9 billion.Tosei Corporation (TSE:8923) signed a contract to acquire NBF Shinkawa Building from Nippon Building Fund Incorporation (TSE:8951) for ¥11.9 billion on August 17, 2020. Tosei Corporation has decided for the deal at a meeting of its Board of Directors held on August 17, 2020. 50% stake will be transferred on December 25, 2020 and 50% will be transferred on March 31, 2021. The impact of this asset acquisition is minor to the financial forecast for the fiscal year ending November 30, 2020 for Tosei Corporation.주주 수익률S4CDE Office REITsDE 시장7D-2.1%0.5%1.7%1Y-11.4%-2.8%4.1%전체 주주 수익률 보기수익률 대 산업: S4C은 지난 1년 동안 -2.8%의 수익을 기록한 German Office REITs 산업보다 저조한 성과를 냈습니다.수익률 대 시장: S4C은 지난 1년 동안 4.1%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is S4C's price volatile compared to industry and market?S4C volatilityS4C Average Weekly Movement4.5%Office REITs Industry Average Movement2.9%Market Average Movement5.3%10% most volatile stocks in DE Market12.7%10% least volatile stocks in DE Market2.7%안정적인 주가: S4C는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: S4C의 주간 변동성(4%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트2001n/aDaisuke Yamashitawww.nbf-m.com/nbf/미쓰이후도산의 노하우를 활용하여 도쿄를 비롯한 전국의 오피스 빌딩에 주로 투자하는 일본 최대 부동산 투자신탁(J-REIT)으로, 자산의 안정적인 수익 창출을 통해 견고한 성장을 목표로 하고 있습니다.더 보기Nippon Building Fund Inc. 기초 지표 요약Nippon Building Fund의 순이익과 매출은 시가총액과 어떻게 비교됩니까?S4C 기초 통계시가총액€6.35b순이익 (TTM)€237.13m매출 (TTM)€551.54m26.8x주가수익비율(P/E)11.5x주가매출비율(P/S)S4C는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표S4C 손익계산서 (TTM)매출JP¥99.65b매출원가JP¥37.21b총이익JP¥62.45b기타 비용JP¥19.60b순이익JP¥42.84b최근 보고된 실적Dec 31, 2025다음 실적 발표일Aug 17, 2026주당순이익(EPS)4.86k총이익률62.66%순이익률42.99%부채/자본 비율86.1%S4C의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당3.8%현재 배당 수익률79%배당 성향S4C는 안정적으로 배당을 지급합니까?S4C 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 S4C를 매수해야 하나요?Nippon Building Fund 배당 일정배당락일Jun 29 2026배당 지급일Sep 14 2026배당락일까지 남은 일수37 days배당 지급일까지 남은 일수40 daysS4C는 안정적으로 배당을 지급합니까?S4C 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/04 15:53종가2026/08/03 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Nippon Building Fund Inc.는 20명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Takashi HashimotoBarclaysTomoyoshi OmuroBofA Global ResearchMasashi MikiCitigroup Inc17명의 분석가 더 보기
공고 • Jul 18Nippon Building Fund Inc. to Report Fiscal Year 2026 Results on Aug 17, 2026Nippon Building Fund Inc. announced that they will report fiscal year 2026 results on Aug 17, 2026
Upcoming Dividend • Jun 25Upcoming dividend of JP¥2,460 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%).
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Part-Time Director Yasuhisa Hashimoto was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Feb 16Nippon Building Fund Inc. Announces Distribution for the Fiscal Year Ended December 31, 2025Nippon Building Fund Inc. announced distribution for the fiscal year ended December 31, 2025. For the period, the company announced a dividend of JPY 2,495 per unit (excluding distributions in excess of earnings). The total amount of distributions (excluding distributions in excess of earnings) is JPY 21,227 Million.
공고 • Jan 23Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion.Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion. Security Name: Units Security Type: Common Stock Securities Offered: 20,200 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 5,000 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 66,000 Price\Range: ¥142492 Discount Per Security: ¥4362
공고 • Jan 08+ 2 more updatesMitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion.Mitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion on January 7, 2026. A cash consideration of ¥10 billion will be paid by Mitsui Fudosan Co., Ltd. In related transaction, Nippon Building Fund Inc. agreed to acquire Nihonbashi Honcho M-SQUARE and Toyosu Bayside Cross Tower in Tokyo from Mitsui Fudosan Co., Ltd. and Kajima Corporation for ¥46.9 billion. Nippon Building Fund will use the funds for the repayment of borrowings and cash on hand, etc. The transaction is expected to complete on June 30, 2026.
공고 • Jul 18Nippon Building Fund Inc. to Report Fiscal Year 2026 Results on Aug 17, 2026Nippon Building Fund Inc. announced that they will report fiscal year 2026 results on Aug 17, 2026
Upcoming Dividend • Jun 25Upcoming dividend of JP¥2,460 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 14 September 2026. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.4%).
Board Change • May 20No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Part-Time Director Yasuhisa Hashimoto was the last director to join the board, commencing their role in 2026. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Feb 16Nippon Building Fund Inc. Announces Distribution for the Fiscal Year Ended December 31, 2025Nippon Building Fund Inc. announced distribution for the fiscal year ended December 31, 2025. For the period, the company announced a dividend of JPY 2,495 per unit (excluding distributions in excess of earnings). The total amount of distributions (excluding distributions in excess of earnings) is JPY 21,227 Million.
공고 • Jan 23Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion.Nippon Building Fund Inc. has completed a Follow-on Equity Offering in the amount of ¥12.99527 billion. Security Name: Units Security Type: Common Stock Securities Offered: 20,200 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 5,000 Price\Range: ¥142492 Discount Per Security: ¥4362 Security Name: Units Security Type: Common Stock Securities Offered: 66,000 Price\Range: ¥142492 Discount Per Security: ¥4362
공고 • Jan 08+ 2 more updatesMitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion.Mitsui Fudosan Co., Ltd. (TSE:8801) entered into a contract to acquire Sumitomo Densetsu Bldg. from Nippon Building Fund Inc. (TSE:8951) for ¥10 billion on January 7, 2026. A cash consideration of ¥10 billion will be paid by Mitsui Fudosan Co., Ltd. In related transaction, Nippon Building Fund Inc. agreed to acquire Nihonbashi Honcho M-SQUARE and Toyosu Bayside Cross Tower in Tokyo from Mitsui Fudosan Co., Ltd. and Kajima Corporation for ¥46.9 billion. Nippon Building Fund will use the funds for the repayment of borrowings and cash on hand, etc. The transaction is expected to complete on June 30, 2026.
공고 • Jan 07+ 2 more updatesNippon Building Fund Inc. Revises Dividend Guidance for the Period Ending June 30, 2026 and Provides Dividend Guidance for the Period Ending December 31, 2026Nippon Building Fund Inc. revised dividend guidance for the period ending June 30, 2026 and provided dividend guidance for the period ending December 31, 2026. For the December 31, 2026, the company expects to pay dividend of JPY 2,465 per unit against JPY 2,420 per unit which was expects to pay for the year December 31, 2025. For the period ending June 30, 2026, the company expects to pay dividend of JPY 2,460 per unit against JPY 2,448 per unit previous forecast.
공고 • Oct 08Nippon Building Fund Inc. announces Semi-Annual dividend, payable on March 17, 2026Nippon Building Fund Inc. announced Semi-Annual dividend of JPY 2420.0000 per share payable on March 17, 2026, ex-date on December 29, 2025 and record date on December 31, 2025.
공고 • Oct 01An undisclosed buyer agreed to acquire NBF Sapporo Minami Nijo Building from Nippon Building Fund Inc. (TSE:8951) for ¥1.9 billion.An undisclosed buyer agreed to acquire NBF Sapporo Minami Nijo Building from Nippon Building Fund Inc. (TSE:8951) for ¥1.9 billion on September 30, 2025. A cash consideration of ¥1.9 billion will be paid by the buyer. As part of consideration, ¥1.9 billion is paid towards assets of NBF Sapporo Minami Nijo Building. The transaction will be financed by cash in hand. The expected completion of the transaction is July 1, 2026.
공고 • Jul 20Nippon Building Fund Inc. to Report Fiscal Year 2025 Results on Aug 15, 2025Nippon Building Fund Inc. announced that they will report fiscal year 2025 results on Aug 15, 2025
공고 • Jun 21Nippon Building Fund Inc. has filed a Follow-on Equity Offering.Nippon Building Fund Inc. has filed a Follow-on Equity Offering. Security Name: Units Security Type: Common Stock Securities Offered: 138,045
공고 • Jun 20+ 2 more updatesNippon Building Fund Inc. Provides Distribution Guidance for the Period Ending June 30, 2026Nippon Building Fund Inc. provided distribution guidance for the period ending June 30, 2026. For the period, the company expected distribution of JPY 2,420 per unit.
공고 • Feb 18Nippon Building Fund Inc. announces Semi-Annual dividend, payable on September 16, 2025Nippon Building Fund Inc. announced Semi-Annual dividend of JPY 2400.0000 per share payable on September 16, 2025, ex-date on June 27, 2025 and record date on June 30, 2025.
공고 • Feb 17Nippon Building Fund Inc. to Report Second Half, 2024 Results on Feb 17, 2025Nippon Building Fund Inc. announced that they will report second half, 2024 results on Feb 17, 2025
공고 • Oct 31Nippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 millionNippon Building Fund Inc. (TSE:8951) agreed to acquire an additional 0.46% stake in Kowa Nishi-Shinbashi Building B for ¥63 million on October 31, 2024. A cash consideration of ¥63 million will be paid by Nippon Building Fund Inc. As part of consideration, ¥63 million is paid towards assets of Kowa Nishi-Shinbashi Building B. Upon completion, Nippon Building Fund Inc. will own 85.53% stake in Kowa Nishi-Shinbashi Building B. Nippon Building Fund Inc. (TSE:8951) completed the acquisition of an additional 0.46% stake in Kowa Nishi-Shinbashi Building B on October 31, 2024.
Declared Dividend • Oct 13Final dividend of JP¥2,400 announcedShareholders will receive a dividend of JP¥2,400. Ex-date: 27th December 2024 Payment date: 17th March 2025 Dividend yield will be 305%, which is higher than the industry average of 5.8%.
Reported Earnings • Sep 28Full year 2024 earnings released: FFO per share: JP¥6.1k (vs JP¥6,036 in FY 2023)Full year 2024 results: FFO per share: JP¥6.1k (up from JP¥6,036 in FY 2023). Revenue: JP¥97.5b (up 3.6% from FY 2023). Funds from operations (FFO): JP¥51.8b (flat on FY 2023). FFO margin: 53% (down from 55% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.
New Risk • Sep 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future.
Buy Or Sell Opportunity • Aug 22Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to €3,840. The fair value is estimated to be €3,153, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.7% per annum. Earnings are forecast to grow by 0.1% per annum over the same time period.
공고 • Aug 15+ 3 more updatesNippon Building Fund Inc. to Report First Half, 2024 Results on Aug 15, 2024Nippon Building Fund Inc. announced that they will report first half, 2024 results on Aug 15, 2024
Buy Or Sell Opportunity • Jul 13Now 22% overvaluedOver the last 90 days, the stock has fallen 8.8% to €3,300. The fair value is estimated to be €2,714, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.
Buy Or Sell Opportunity • Jul 02Now 15% overvaluedOver the last 90 days, the stock has fallen 12% to €3,200. The fair value is estimated to be €2,788, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.
Buy Or Sell Opportunity • Jun 25Now 21% overvaluedOver the last 90 days, the stock has fallen 5.5% to €3,440. The fair value is estimated to be €2,834, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.1% per annum. Earnings are also forecast to decline by 1.6% per annum over the same time period.
공고 • Mar 29Nippon Building Fund Inc Announces Eiichiro Onozawa Resigns as Substitute Executive Director, As of March 31, 2024Nippon Building Fund Inc. ("NBF") announced that executive director has offered his registration, which was accepted as of this day. Eiichiro OnozawaResigning as Substitute Executive Director (as of March 31, 2024).
공고 • Mar 12Nippon Building Fund Inc. Announces the Retirement of Tetsuya Saito as Full-Time Director, Effective as of March 31, 2024Nippon Building Fund Management Ltd. ("NBFM"), to which Nippon Building Fund Inc. announced the retirement of Director (full-time): Tetsuya Saito (as of March 31, 2024).
Declared Dividend • Feb 18First half dividend of JP¥12,500 announcedShareholders will receive a dividend of JP¥12,500. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 359%, which is higher than the industry average of 5.8%.
공고 • Feb 16Nippon Building Fund Inc. to Report Fiscal Year 2023 Results on Feb 15, 2024Nippon Building Fund Inc. announced that they will report fiscal year 2023 results on Feb 15, 2024
공고 • Feb 02Nippon Building Fund Inc. Revises Earnings Guidance for the Fiscal Periods Ending June 30, 2024Nippon Building Fund Inc. revised earnings guidance for the fiscal period ending June 30, 2024. For the fiscal period ending June 30, 2024, the company expects operating revenues of JPY 50,113 million, operating income of JPY 23,751 million and net income of JPY 22,377 million compared to the previous guidance of operating revenues of JPY 46,826 million, operating income of JPY 20,517 million and net income of JPY 19,165 million provided earlier.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥11,500 per share at 3.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 18 March 2024. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.5%).
공고 • Oct 01Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Yodoyabashi Flex Tower from Global One Real Estate Investment Corp. (TSE:8958) for ¥9.8 billion.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Yodoyabashi Flex Tower from Global One Real Estate Investment Corp. (TSE:8958) for ¥9.8 billion on September 29, 2023. Yodoyabashi Flex Tower reported revenue of ¥490 million on August 31, 2023.Transaction is expected to close on November 30,2023.
공고 • Sep 08Nippon Building Fund Incorporation (TSE:8951) acquired additional 2.6% stake in Nishi-Shinjuku Mitsui Building on ¥120 million.Nippon Building Fund Incorporation (TSE:8951) acquired additional 2.6% stake in Nishi-Shinjuku Mitsui Building on ¥120 million on September 7, 2023. Transaction was financed by it's own funds. Nippon Building Fund Incorporation (TSE:8951) Completed the acquisition of additional 2.6% stake in Nishi-Shinjuku Mitsui Building on September 7, 2023.
Reported Earnings • Aug 21Full year 2023 earnings released: EPS: JP¥23,294 (vs JP¥28,170 in FY 2022)Full year 2023 results: EPS: JP¥23,294 (down from JP¥28,170 in FY 2022). Revenue: JP¥94.4b (down 6.6% from FY 2022). Net income: JP¥39.6b (down 16% from FY 2022). Profit margin: 42% (down from 47% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
공고 • Aug 15Nippon Building Fund Incorporation to Report First Half, 2023 Results on Aug 15, 2023Nippon Building Fund Incorporation announced that they will report first half, 2023 results on Aug 15, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥11,500 per share at 4.1% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 15 September 2023. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%).
Board Change • Mar 28No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Supervisory Director Kazuhisa Kobayashi was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 17First half 2023 earnings released: EPS: JP¥11,927 (vs JP¥13,148 in 1H 2022)First half 2023 results: EPS: JP¥11,927 (down from JP¥13,148 in 1H 2022). Revenue: JP¥47.4b (down 5.3% from 1H 2022). Net income: JP¥20.3b (down 6.6% from 1H 2022). Profit margin: 43% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
공고 • Feb 16+ 2 more updatesNippon Building Fund Incorporation Provides Distribution Guidance for Period Ending December 31, 2022Nippon Building Fund Incorporation provided distribution guidance of JPY 11,500 per unit for period ending December 31, 2023 as compared to distribution of JPY 11,500 per unit for the period ended December 31, 2022.
공고 • Feb 15Nippon Building Fund Incorporation to Report Second Half, 2022 Results on Feb 15, 2023Nippon Building Fund Incorporation announced that they will report second half, 2022 results on Feb 15, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.7%).
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. President, CEO & Full-Time Director of Nippon Building Fund Management Ltd. Eiichiro Onozawa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Nov 01SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion.SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion on October 31, 2022. Consideration will be one time, lump-sum payment at the time of delivery. The transaction is expected to close on January 11, 2023. Use of proceeds will be for Repayment of debt etc.
Reported Earnings • Aug 17Full year 2022 earnings released: EPS: JP¥28,129 (vs JP¥24,561 in FY 2021)Full year 2022 results: EPS: JP¥28,129 (up from JP¥24,561 in FY 2021). Revenue: JP¥102.5b (up 18% from FY 2021). Net income: JP¥47.2b (up 22% from FY 2021). Profit margin: 46% (up from 45% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
공고 • Aug 15+ 2 more updatesNippon Building Fund Incorporation to Report First Half, 2022 Results on Aug 15, 2022Nippon Building Fund Incorporation announced that they will report first half, 2022 results on Aug 15, 2022
Upcoming Dividend • Jun 22Upcoming dividend of JP¥13,000 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 15 September 2022. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (4.7%).
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. President, CEO & Full-Time Director of Nippon Building Fund Management Ltd. Eiichiro Onozawa was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Mar 06Nippon Building Fund Incorporation Announces Retirement of Yoshiyuki Tanabe as Director, Effective March 31, 2022Nippon Building Fund Incorporation announced retirement of Yoshiyuki Tanabe as director as of March 31, 2022.
Reported Earnings • Feb 16First half 2022 earnings: Revenues and EPS in line with analyst expectationsFirst half 2022 results: EPS: JP¥13,148 (up from JP¥11,525 in 1H 2021). Revenue: JP¥50.3b (up 21% from 1H 2021). Net income: JP¥21.7b (up 26% from 1H 2021). Profit margin: 43% (up from 41% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공고 • Feb 16Nippon Building Fund Incorporation Provides Distribution Guidance for Period Ending June 30, 2021Nippon Building Fund Incorporation provided distribution guidance of JPY 13,000 per unit for period ending June 30, 2021 as compared to distribution of JPY 11,684 per unit for the period ended June 30, 2021.
공고 • Feb 15Nippon Building Fund Incorporation Provides Earnings Guidance for the Period Ending June 30,2022 and December 31, 2022Nippon Building Fund Incorporation provided earnings guidance for the period ending June 30,2022 and December 31, 2022. For the period June 30, 2022, the company expected operating revenues to be JPY 52,022 million, Operating income to be JPY 25,988 million and Net income to be JPY 24,543 million.For period December 31, 2022, the company expected operating revenues to be JPY 47,309 million, Operating income to be JPY 22,021 million and Net income to be JPY 20,662 million.
공고 • Feb 10Nippon Building Fund Incorporation to Report Fiscal Year 2021 Results on Feb 15, 2022Nippon Building Fund Incorporation announced that they will report fiscal year 2021 results on Feb 15, 2022
공고 • Jan 07+ 6 more updatesAn unknown buyer agreed to acquire NBF Niigata Telecom Building from Nippon Building Fund Incorporation (TSE:8951) for approximately 4000.An unknown buyer agreed to acquire NBF Niigata Telecom Building from Nippon Building Fund Incorporation (TSE:8951) for approximately 4000 million on January 6, 2022. In related transaction Nippon Building Fund Incorporation is acquiring Nakanoshima Mitsui Building and IIDABASHI GRAND BLOOM and disposing Toyo-cho Center Bldg and NBF Hiroshima Tatemachi Bldg. Nippon Building Fund Incorporation will use the funds for repayment of debt. Transaction is expected to close on July 1, 2022.
Upcoming Dividend • Dec 23Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).
Upcoming Dividend • Dec 23Upcoming dividend of JP¥11,500 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 11 March 2022. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).
공고 • Dec 01Nippon Building Fund Incorporation (TSE:8951) acquired additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) for ¥3.2 billion.Nippon Building Fund Incorporation (TSE:8951) acquired additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) for ¥3.2 billion on November 30, 2021. As per the transaction, Nippon Building Fund Incorporation now owns 90% stake in Yokohama ST Building. As on October 31, 2021, Yokohama ST Building generated total rental revenues of ¥256 million. Nippon Building Fund Incorporation (TSE:8951) completed the acquisition of additional 15% stake in Yokohama ST Building from Toda Corporation (TSE:1860) on November 30, 2021.
공고 • Aug 18An unknown buyer agreed to acquire Nakanosakaue Sunbright Twin, Sun Mullion NBF Tower and NBF Unix Bldg from Nippon Building Fund Incorporation (TSE:8951) for ¥59.3 billion.An unknown buyer agreed to acquire Nakanosakaue Sunbright Twin, Sun Mullion NBF Tower and NBF Unix Bldg from Nippon Building Fund Incorporation (TSE:8951) for ¥59.3 billion on August 16, 2021. In related transactions, Nippon Building Fund Incorporation agreed to sell NBF Ochanomizu Bldg. ¥16.1 billion respectively. Anticipated delivery date is January 31, 2022. Daiwa Real Estate Appraisal Co., Ltd. and The Tanizawa Sogo Appraisal Co., Ltd. acted as appraiser for the property.
공고 • Aug 17Nippon Building Fund Incorporation (TSE:8951) signed an contract to acquire Iidabashi Grand Bloom from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥77.6 billion.Nippon Building Fund Incorporation (TSE:8951) signed an contract to acquire Iidabashi Grand Bloom from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥77.6 billion on August 16, 2021. In related transaction Nippon Building Fund Incorporation signed an contract to sell 4 properties for ¥75.4 billion on August 16, 2021. Consideration will be financed from the combination of cash in hand, loans and sale proceeds. Transaction is expected to complete on September 30, 2021. Daiwa Real Estate Appraisal Co., Ltd. acted as appraiser
Upcoming Dividend • Jun 22Upcoming dividend of JP¥11,350 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 15 September 2021. Trailing yield: 3.2%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (3.4%).
Reported Earnings • Apr 05First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥40.4b (up 3.8% from 1H 2020). Net income: JP¥17.3b (up 11% from 1H 2020). Profit margin: 43% (up from 40% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
Reported Earnings • Feb 18First half 2021 earnings released: EPS JP¥11,524 (vs JP¥11,011 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: JP¥41.7b (up 7.4% from 1H 2020). Net income: JP¥17.3b (up 11% from 1H 2020). Profit margin: 41% (up from 40% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year.
Is New 90 Day High Low • Feb 15New 90-day high: €4,950The company is up 7.0% from its price of €4,620 on 18 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 7.0% over the same period.
공고 • Jan 29Nippon Building Fund Incorporation, Annual General Meeting, Mar 09, 2021Nippon Building Fund Incorporation, Annual General Meeting, Mar 09, 2021, at 10:00 Tokyo Standard Time. Location: Station Conference Tokyo "Sapia Hall" Sapia Tower 5F, 1-7-12 Marunouchi, Chiyoda-ku Tokyo Japan Agenda: To consider appointment of One Executive Director; to consider appointment of Two Substitute Executive Directors; and to consider appointment of Three Supervisory Directors.
Is New 90 Day High Low • Jan 28New 90-day high: €4,720The company is up 10.0% from its price of €4,273 on 30 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 1.0% over the same period.
공고 • Dec 20Nippon Building Fund Incorporation and Nippon Building Fund Management Ltd. to Lease Shinjuku Mitsui Building to Mitsui Fudosan Co., LtdNippon Building Fund Inc. ("NBF") and Nippon Building Fund Management Ltd. ("NBFM"), to which NBF entrusts asset management services, hereby provide notice of the decision on December 18, 2020 to lease Shinjuku Mitsui Building (the "Property") to Mitsui Fudosan Co. Ltd. ("Mitsui Fudosan") as announced in "Notice of Acquisition and Commencement of Lease of Domestic Assets" dated October 9, 2020, as follows: Furthermore, the lessee is Mitsui Fudosan Co. Ltd., the major shareholder of NBFM ("Mitsui Fudosan"). Mitsui Fudosan is an interested party under Article 201 of the Investment Trust Act "ITA") as well as Article 123 of the Enforcement Order of the ITA. As such, NBFM has obtained necessary prior approval by the board of directors of NBF in connection with the lease of the Property subject to Article 201-2 of the ITA. NBF and NBFM have decided to lease the Property to Mitsui Fudosan based on the decision that maintaining the relationship with the existing tenants and remaining under the operation of the Mitsui brand as has been since the completion would be beneficial for the management of the Property. All sections of the Property will be leased to Mitsui Fudosan, and Mitsui Fudosan will sub-lease the same spaces to its sub-lessees. In addition, the subtenants meet the selection criteria described in NBF's Annual Securities Report dated on September 29, 2020, which is referred to in the "Report regarding the operation system of the Real Estate Investment Trust Issuer" dated September 29, 2020.
공고 • Nov 17Nippon Building Fund Incorporation (TSE:8951) agreed to acquire additional 8.62% stake in NBF Ogawamachi Building from multiple individuals for ¥480 million.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire additional 8.62% stake in NBF Ogawamachi Building from multiple individuals for ¥480 million on November 16, 2020. The consideration will be paid lumpsum Nippon will own approximately 92.47% stake in NBF Ogawamachi Building after the transaction. The transaction is expected to complete on November 30, 2020.
Is New 90 Day High Low • Oct 12New 90-day low: €4,568The company is down 4.0% from its price of €4,771 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 3.0% over the same period.
공고 • Oct 11+ 2 more updatesNippon Building Fund Incorporation (TSE:8951) agreed to acquire Shinjuku Mitsui Building and Gran Tokyo South Tower from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥220 billion.Nippon Building Fund Incorporation (TSE:8951) agreed to acquire Shinjuku Mitsui Building and Gran Tokyo South Tower from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥220 billion on October 9, 2020. Under the terms of the transaction, Nippon Building Fund Incorporation will pay ¥170 billion for Shinjuku Mitsui Building and ¥47 billion for Gran Tokyo South Tower. Nippon Building Fund Incorporation intends to fund the acquisition using the amount from the proceeds of issuing new investment units, loans and own funds. The transaction was approved by the Board of Directors of Nippon Building Fund Incorporation. The transaction is expected to close on January 8, 2021. Daiwa Real Estate Appraisal Co., Ltd acted as appraiser in the deal.
Reported Earnings • Oct 04Full year earnings released - FFO €16,125 per shareOver the last 12 months the company has reported total funds from operations (FFO) of JP¥22.8b, down 48% from the prior year. Total revenue was JP¥77.5b over the last 12 months, up 3.1% from the prior year. FFO margins were 29%, which is lower than the 56% margin from last year. The decrease in margin was driven by higher expenses.
공고 • Sep 29Nippon Building Fund Incorporation (TSE:8951) entered into agreement to acquire Osaki Bright Tower and two other properties from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥40.22 billion.Nippon Building Fund Incorporation (TSE:8951) entered into agreement to acquire Osaki Bright Tower and two other properties from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥40.22 billion on August 17, 2020. The other two properties are Nagoya Mitsui Main Building and Nagoya Mitsui New Building. The funding for the acquisition is done through cash on hand and loan. The acquisition is partially funded by borrowing ¥31 billion comprising long term borrowing of ¥5 billion at 0.270% interest and short term borrowings of ¥26 billion at .270% interest. The deal is expected to be completed by October 1, 2020. Daiwa Real Estate Appraisal Co., Ltd. acted as appraiser in the deal.
공고 • Aug 18+ 1 more updateTosei Corporation (TSE:8923) signed a contract to acquire NBF Shinkawa Building from Nippon Building Fund Incorporation (TSE:8951) for ¥11.9 billion.Tosei Corporation (TSE:8923) signed a contract to acquire NBF Shinkawa Building from Nippon Building Fund Incorporation (TSE:8951) for ¥11.9 billion on August 17, 2020. Tosei Corporation has decided for the deal at a meeting of its Board of Directors held on August 17, 2020. 50% stake will be transferred on December 25, 2020 and 50% will be transferred on March 31, 2021. The impact of this asset acquisition is minor to the financial forecast for the fiscal year ending November 30, 2020 for Tosei Corporation.
