April 11, 2013
FINANCIAL REPORT FOR THE FOURTEENTH FISCAL PERIOD
(September 1, 2012 ? February 28, 2013)Daiwa House Residential Investment Corporation ("DHI") is listed on the Tokyo Stock Exchange with the securities code number 8984. Representative person is Michio Taki, Excecutive Director.
URL: http://daiwahouse-resi-reit.co.jp/eng/
Asset Management Company: Daiwa House Asset Management Co., Ltd. Representative: Yuji Yamada, CEO & President
Inquiries: Hirotaka Uruma,CFO & Director,
Finance & Corporate Planning Department
Tel: +81-3-3595-1265
Planned start of distribution payments: May 20, 2013
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 FOURTEENTH FISCAL PERIOD (1) Business Results Operating Percentage Percentage
(Millions of yen; %)
(Millions of yen, Yen; %)
Notes:
1. Fourteenth Fiscal Period: September 1, 2012 ? February 28, 2013
Thirteenth Fiscal Period: March 1, 2012 ? August 31, 2012
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 Fourteenth Fiscal Period are the amount including the reversal of internal reserves (191 million yen) and differ from "net income".
"Net income" for the Thirteenth Fiscal Period is the amount including the reversal of internal reserves (5 million yen) and
differ from the funds from which distributions are paid out.
4. DHI implemented a 2-for-1 split of the investment units on March 1, 2013 as the effective date.
"Net income per unit" calculated under assumption that the split implement on beginning of the 13th fiscal period.
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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 (%) | |
Fourteenth Fiscal Period | ¥16,947 | ¥2,720 | - | - | 107.6% | 3.0% |
Thirteenth Fiscal Period | ¥16,264 | ¥2,610 | - | - | 99.8% | 2.8% |
Notes: DHI implemented a 2-for-1 split of the investment units on March 1, 2013 as the effective date.
"Unitholders' Equity per Unit" calculated under assumption that the split implement on beginning of the 13th fiscal period.
(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 | |
Fourteenth Fiscal Period | ¥6,814 | (¥5,280) | ¥1,100 | ¥10,625 |
Thirteenth Fiscal Period | ¥7,105 | (¥4,213) | (¥6,079) | ¥7,989 |
(Millions of yen; %)
Fifteenth Operating Revenues (Millions of yen) Percentage Change Operating Income (Millions of yen) Percentage Change Ordinary Income (Millions of yen) Percentage Change Fiscal Period ¥7,903 3.8% ¥3,599 5.9% ¥2,705 7.0% Sixteenth Fiscal Period ¥7,941 0.5% ¥3,671 2.0% ¥2,852 5.4%(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) | |
Fifteenth Fiscal Period | ¥2,705 | 7.0% | ¥8,300 | - |
Sixteenth Fiscal Period | ¥2,852 | 5.4% | ¥8,300 | - |
Reference:
Estimated net income per unit for Fifteenth Fiscal Period: 7,689yen, Sixteenth Fiscal Period: 8,108yen
Supposed number of investment units issued and outstanding: 351,870 units.
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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.
3. The funds from which distributions are paid out for the Sixteenth Fiscal Period are the amount including the reversal of
internal reserves (67 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 (214 million yen) and differ from "net income".
(A) Changes in accordance with revision of accounting standards: No
(B) Change except (A): No
(2) Total Number of Investment Units Outstanding(Units)
Treasury Investment Units as end of fiscal period Fourteenth Fiscal Period 160,535 - Thirteenth Fiscal Period 160,535 -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.
With February 28, 2013 as the record date, DHI implemented a 2-for-1 split of the investment units on March
1, 2013 as the effective date.
The resolution was passed at a board of directors meeting held on March 1, 2013 to issue new investment units through public offering and third-party allotment. "2. Forecast of results for the fifteenth and sixteenth fiscal period" above are calculated under assumption that the number of investment units issued and outstanding are
351,870 units.
This is a translation of the Kessan Tansin in Japanese, released on April 11, 2013 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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