April 10, 2014
FINANCIAL REPORT FOR THE SIXTEENTH FISCAL PERIOD
(September 1, 2013 - February 28, 2014)Daiwa House Residential Investment Corporation ("DHI") is listed on the Tokyo Stock Exchange with the securities code number 8984. Representative person is Tetsuji Tada, Excecutive Director.
URL: http://daiwahouse-resi-reit.co.jp/eng/
Asset Management Company: Daiwa House Asset Management Co., Ltd. Representative: Koichi Tsuchida, CEO & President Inquiries: Hirotaka Uruma,CFO & Director,
Finance & Corporate Planning Department
Tel: +81-3-3595-1265
Planned start of distribution payments: May 12, 2014
This financial report has been prepared in accordance with Japanese accounting standards and Japanese law. Figures have been rounded down to eliminate amounts of less than one million yen.
1. PERFORMANCE FOR THE SIXTEENTH FISCAL PERIOD (1) Business Results
Operating
Percentage
Percentage
(Millions of yen; %)
Percentage
Sixteenth
Revenues
Change Operating Income
Change Ordinary Income
Change
Fiscal Period ¥8,316 4.3% ¥3,559 (2.8%) ¥2,704 (2.7%)
Fifteenth
Fiscal Period ¥7,971 4.7% ¥3,661 7.7% ¥2,780 9.9%
Sixteenth
Net Income (Millions of yen)
Percentage
Change
Net Income per Unit (Yen)
Return on
Equity
Ordinary Income to
Total Assets
(Millions of yen, Yen; %)
Ordinary Income to
Operating Revenues
Fiscal Period ¥2,703 (2.7%) ¥7,373 2.5% 1.2% 32.5%
Fifteenth
Fiscal Period ¥2,779 9.9% ¥7,973 2.8% 1.2% 34.9%
Notes:
1. Sixteenth Fiscal Period: September 1, 2013 - February 28, 2014
Fifteenth Fiscal Period: March 1, 2013 - August 31, 2013
2. Percentage changes are compared to the previous period for operating revenues, operating income, ordinary income and net income.
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(2) Distributions | ||||||
(Millions of yen; Yen; %) | ||||||
Distribution per Unit (Yen) Excluding excess of earnings | Total Distributions (Millions of yen) | Distribution in Excess of Earnings per Unit (Yen) | Total Distributions in Excess of Earnings (Yen) | Payout Ratio (%) | Distribution Ratio to Unitholders' Equity (%) | |
Sixteenth Fiscal Period | ¥8,688 | ¥3,248 | - | - | 117.8% | 2.9% |
Fifteenth Fiscal Period | ¥8,300 | ¥2,920 | - | - | 104.1% | 2.9% |
Notes:
1. The funds from which distributions are paid out for the Sixeenth Fiscal Period are the amount including the reversal of internal reserves (544 million yen) and differ from "net income".
The funds from which distributions are paid out for the Fifteenth Fiscal Period are the amount including the reversal of internal reserves (141 million yen) and differ from "net income".
(3) Financial Position | ||||
(Millions of yen; Yen; %) | ||||
Total Assets (Millions of yen) | Unitholders' Equity (Millions of yen) | Equity Ratio (%) | Unitholders' Equity per Unit (Yen) | |
Sixteenth Fiscal Period | ¥237,934 | ¥111,789 | 47.0% | ¥299,006 |
Fifteenth Fiscal Period | ¥229,781 | ¥103,406 | 45.0% | ¥293,878 |
(4) Cash Flow Position | ||||
(Millions of yen) | ||||
Cash Flows from Operating Activities | Cash Flows from Investing Activities | Cash Flows from Financing Activities | Cash and Cash Equivalents at End of Period | |
Sixteenth Fiscal Period | ¥5,652 | (¥10,705) | ¥5,550 | ¥11,632 |
Fifteenth Fiscal Period | ¥4,376 | (¥8,823) | ¥4,957 | ¥11,135 |
(Millions of yen; %)
Seventeenth
Operating Revenues (Millions of yen)
Percentage
Change
Operating
Income
(Millions of yen)
Percentage
Change
Ordinary
Income
(Millions of yen)
Percentage
Change
Fiscal Period ¥8,570 3.1% ¥3,825 7.5% ¥3,001 11.0%
Eighteenth
Fiscal Period ¥8,543 (0.3%) ¥3,838 0.3% ¥3,031 1.0%
(Millions of yen; Yen; %) | ||||
Net Income (Millions of yen) | Percentage Change | Distribution per Unit (Yen) Excluding excess of earnings | Distribution in Excess of Earnings per Unit (Yen) | |
Seventeenth Fiscal Period | ¥3,000 | 11.0% | ¥8,470 | - |
Eighteenth Fiscal Period | ¥3,030 | 1.0% | ¥8,550 | - |
Reference:
Estimated net income per unit for Seventeenth Fiscal Period: 8,026yen, Eighteenth Fiscal Period: 8,106yen
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Notes:
1. Eighteenth Fiscal Period: September 1, 2014 - February 28, 2015
Seventeenth Fiscal Period: March 1, 2014 - August 31, 2014
2. Percentage changes are compared to the previous period for operating revenues, operating income, ordinary income and net income.
3. The funds from which distributions are paid out for the Seventeenth Fiscal Period are the amount including the reversal of internal reserves (165 million yen) and differ from "net income".
The funds from which distributions are paid out for the Eighteenth Fiscal Period are the amount including the reversal of internal reserves (165 million yen) and differ from "net income".
3. OTHER (1) Changes in Accounting Policy(A) Changes in accordance with revision of accounting standards: No
(B) Change except (A): No
(2) Total Number of Investment Units Outstanding
Total Number of Investment Units Outstanding as end of fiscal period (including Treasury Investment Units)
(Units)
Treasury Investment Units as end of fiscal period
Sixteenth
Fiscal Period 373,870 -
Fifteenth
Fiscal Period 351,870 -
The above forecasts were calculated based on currently available information and certain assumptions deemed reasonable by DHI. The actual results may change due to many factors. These forecasts also do no guarantee the amount of distributions.
This is a translation of the Kessan Tansin in Japanese, released on April 10, 2014 and was prepared solely for the convenience of readers outside in Japan. In case of any discrepancies between this translation and the Japanese original, the later shall prevail.
DHI is not responsible nor does it assume any liability for the completeness, appropriateness and accuracy of this translation.
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