{
 "as_of": "2026-11-06",
 "cmr": "jp-cm-kg/TSE-REIT/8972",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# KDX Realty Investment Corporation (REITs and funds: 8972) — research page\n\nAs of 2026-11-06 · jp-cm-kg · record version 1\n\n## Identity and listing\n\nKDX Realty Investment Corporation is listed on the REITs and funds line of the JPX under ticker 8972, with LEI 353800FFT483NCIHFY42. The ISIN is not on the record, as GLEIF maps no ISIN to this LEI. The security type is REIT / listed fund, the jurisdiction is JP, and the segment is not on the record. The sector is not on the record, as the JPX line for funds carries no 33-sector code. The issuer is listed and not halted as of 2026-11-06.\n\n## The disclosure read\n\nThe record holds 0 filings in the twelve months from 2025-11-06 to 2026-11-06, across 0 filing days. The median gap between filing days is not on the record, as there are no filing days. The latest filing date and latest filing type are not on the record. The exchange peer group, REITs and funds, holds 63 issuers with a median of 0 filings, and its median cadence gap and median latency are not on the record. The sector peer median is not on the record, as the market's sector comparison is not on record for JP.\n\n## Auditor\n\nThe auditor of record is not on the record, as no source was read. The auditor's location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The issuer is listed and not halted.\n\n## Orderability\n\nFor the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's own investor-relations page names 8 research houses: SMBC Nikko Securities Inc., Citigroup Global Markets Japan Inc., CLSA Securities Japan Co., Ltd., Daiwa Securities Co., Ltd., Tokai Tokyo Intelligence Laboratory Co., Ltd., Mizuho Securities Co., Ltd., Morgan Stanley MUFG Securities Co., Ltd., and UBS Securities Japan Co., Ltd.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe issuer has no sealed years on the record. The market's vintage is not sealed, so no earliest sealed date is on the record, and the live record start is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/353800FFT483NCIHFY42 (identity.jurisdiction)\n- https://mcp.jp-cm-kg.ai/events/TSE-REIT/8972 (the disclosure lines)\n- https://www.jpx.co.jp/markets/equities/suspended/index.html (the halt flag)\n- https://mcp.jp-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.kdx-reit.com/eng/ir/analyst.html (coverage)\n- https://mcp.jp-cm-kg.ai/record/TSE-REIT/8972 (the record)\n",
 "market": "JP",
 "node": "jp-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the JP vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "JP",
    "reason": "no source read",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "JP",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "JP",
    "state": "not_on_record"
   },
   "changes": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "jp-cm-kg/TSE-REIT/8972",
  "coverage": {
   "count": 8,
   "houses": [
    {
     "analyst": "Hiroshi Torii",
     "house": "SMBC Nikko Securities Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Masashi Miki",
     "house": "Citigroup Global Markets Japan Inc.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Masahiro Mochizuki",
     "house": "CLSA Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Noritaka Hobo",
     "house": "Daiwa Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Takashi Nakamura",
     "house": "Tokai Tokyo Intelligence Laboratory Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Yosuke Ohata",
     "house": "Mizuho Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Takuya Sato / Atsuro Takemura",
     "house": "Morgan Stanley MUFG Securities Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    },
    {
     "analyst": "Kazufumi Takeuchi",
     "house": "UBS Securities Japan Co., Ltd.",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.kdx-reit.com/eng/ir/analyst.html",
     "result": "read: 8 of 16 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 63,
     "median_cadence_gap_days": null,
     "median_filings": 0,
     "median_latency_days": null,
     "name": "REITs and funds"
    },
    "sector": {
     "market": "JP",
     "state": "not_on_record"
    }
   },
   "by_type": {},
   "cadence_median_gap_days": null,
   "filing_days": 0,
   "filings": 0,
   "latency_days": null,
   "latest": [],
   "latest_filing_date": null,
   "note": "no disclosure line on the record for this issuer in the window",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-REIT/8972",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "REITs and funds"
   },
   "isin": {
    "market": "JP",
    "reason": "GLEIF maps no ISIN to this LEI",
    "state": "not_on_record"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/353800FFT483NCIHFY42",
    "state": "sourced",
    "value": "JP"
   },
   "lei": {
    "read_by": "GLEIF name-exact (English name against the legal or other names, jurisdiction JP; GLEIF golden copy 2026-09-12)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/353800FFT483NCIHFY42",
    "state": "sourced",
    "value": "353800FFT483NCIHFY42"
   },
   "name": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "KDX Realty Investment Corporation"
   },
   "sector": {
    "market": "JP",
    "reason": "no 33-sector code on the JPX line (funds, PRO Market and foreign lines carry none)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "REIT / listed fund"
   },
   "segment": {
    "market": "JP",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "JPX listed-issuers workbook (data_e.xlsx, English)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx",
    "state": "sourced",
    "value": "8972"
   },
   "website": {
    "market": "JP",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "JP",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "JP",
  "node": "jp-cm-kg",
  "numbers_hash": "sha256:82500046f270a75d47479307efa87a18d86194c469dc367434cca5fd0a1ccf12",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Qualified Institutional Investors"
   ],
   "outcomes": {
    "Qualified Institutional Investors": {
     "determinable": false,
     "reason": "the rule states a product scope and the subject's record carries no instrument class to place within it",
     "signal": null
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.jp-cm-kg.ai/book/aio.json",
    "door": "https://mcp.jp-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/jp/suitability-principle-fiea-article-40/r1",
   "section": "jp.aio.v6"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.jp-cm-kg.ai/record/TSE-REIT/8972",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:82500046f270a75d47479307efa87a18d86194c469dc367434cca5fd0a1ccf12",
 "path": "/jp/TSE-REIT/8972",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "KDX Realty Investment Corporation is listed on the REITs and funds line of the JPX under ticker 8972, with LEI 353800FFT483NCIHFY42. The ISIN is not on the record, as GLEIF maps no ISIN to this LEI. The security type is REIT / listed fund, the jurisdiction is JP, and the segment is not on the record. The sector is not on the record, as the JPX line for funds carries no 33-sector code. The issuer is listed and not halted as of 2026-11-06.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 0 filings in the twelve months from 2025-11-06 to 2026-11-06, across 0 filing days. The median gap between filing days is not on the record, as there are no filing days. The latest filing date and latest filing type are not on the record. The exchange peer group, REITs and funds, holds 63 issuers with a median of 0 filings, and its median cadence gap and median latency are not on the record. The sector peer median is not on the record, as the market's sector comparison is not on record for JP.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, as no source was read. The auditor's location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The issuer is listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "For the client category Qualified Institutional Investors, the outcome is not determinable, because the rule states a product scope and the record carries no instrument class to place within it. The rule version is acm-68000/jp/suitability-principle-fiea-article-40/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's own investor-relations page names 8 research houses: SMBC Nikko Securities Inc., Citigroup Global Markets Japan Inc., CLSA Securities Japan Co., Ltd., Daiwa Securities Co., Ltd., Tokai Tokyo Intelligence Laboratory Co., Ltd., Mizuho Securities Co., Ltd., Morgan Stanley MUFG Securities Co., Ltd., and UBS Securities Japan Co., Ltd.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The issuer has no sealed years on the record. The market's vintage is not sealed, so no earliest sealed date is on the record, and the live record start is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.jpx.co.jp/english/markets/statistics-equities/misc/tvdivq0000001vg2-att/data_e.xlsx"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/353800FFT483NCIHFY42"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.jp-cm-kg.ai/events/TSE-REIT/8972"
  },
  {
   "for": "the halt flag",
   "source": "https://www.jpx.co.jp/markets/equities/suspended/index.html"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.jp-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.kdx-reit.com/eng/ir/analyst.html"
  },
  {
   "for": "the record",
   "source": "https://mcp.jp-cm-kg.ai/record/TSE-REIT/8972"
  }
 ],
 "title": "KDX Realty Investment Corporation (8972) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}