Message from the Executive Director

We would like to express our sincere appreciation for your continued support of Hoshino Resorts REIT, Inc.

With the close of the fiscal period ended April 2026 (the 26th fiscal period), we would like to report on our financial results.

For the fiscal period ended April 2026, operating revenues amounted to ¥9,344 million, operating income totaled ¥4,855 million, ordinary income was ¥3,998 million, and net income reached ¥3,997 million. As a result, distributions per unit were ¥6,832.

Looking ahead, for the fiscal period ending October 2026 (the 27th fiscal period), we forecast operating revenues of ¥9,422 million and distributions per unit of ¥6,700. Furthermore, for the fiscal period ending April 2027 (the 28th fiscal period), we project operating revenues of ¥9,563 million and distributions per unit of ¥6,850.

Hoshino Resorts REIT will continue to maintain stable financial operations while further strengthening its portfolio and contributing to the development of the tourism industry.
We sincerely ask for the continued support and encouragement of our unitholders.