Member access

4-Traders Homepage  >  Shares  >  Tokyo  >  Daiwa House Residential Investment Corp    8984   JP3046390005

SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Daiwa House Residential Investment Corp : Financial Summary for the 14th Fiscal Period

04/11/2013 | 03:42am US/Eastern
Recommend:
0

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; %)

Percentage Fourteenth Revenues Change Operating Income Change Ordinary Income Change Fiscal Period ¥7,612 (1.7%) ¥3,398 (7.9%) ¥2,529 (7.2%) Thirteenth Fiscal Period ¥7,746 4.4% ¥3,691 7.5% ¥2,724 15.6% Fourteenth Net Income (Millions of yen) Percentage Change Net Income per Unit (Yen) (*4) Return on Equity Ordinary Income to Total Assets


(Millions of yen, Yen; %)

Ordinary Income to Operating Revenues Fiscal Period ¥2,528 (3.4%) ¥7,875 2.8% 1.1% 33.2% Thirteenth Fiscal Period ¥2,616 17.1% ¥8,150 2.8% 1.2% 35.2%

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.

- 1 -

(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

2. FORECAST OF RESULTS FOR THE FIFTEENTH AND SIXTEENTH FISCAL PERIOD


(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.

- 2 -

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".

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 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.

- 3 -

distributed by
Recommend :
0
React to this article
Latest news on DAIWA HOUSE RESIDENTIAL IN
09/19 DAIWA HOUSE RESIDENTIAL INVESTMENT : Notice Concerning Amendment of Commitment L..
09/01 DAIWA HOUSE RESIDENTIAL INVESTMENT : Notice Concerning Acquisition Settlement of..
08/27 DAIWA HOUSE RESIDENTIAL INVESTMENT C : Half-yearly payment
07/01 DAIWA HOUSE RESIDENTIAL INVESTMENT : Notice Concerning Acquisition Settlement of..
04/17 DAIWA HOUSE RESIDENTIAL INVESTMENT : Financial report for the sixteenth fiscal p..
03/28 DAIWA HOUSE RESIDENTIAL INVESTMENT : Notice Concerning Acquisition Settlement of..
03/20 DAIWA HOUSE RESIDENTIAL INVESTMENT : Notice Concerning the Proposed Acquisition ..
03/12 DAIWA HOUSE RESIDENTIAL INVESTMENT C : Notice Concerning Scheduled Change of Rep..
02/26 DAIWA HOUSE RESIDENTIAL INVESTMENT C : Half-yearly payment
02/17 DAIWA HOUSE RESIDENTIAL INVESTMENT C : Notice Concerning Signing of Interest Rat..
Advertisement
Chart
Duration : Period :
Daiwa House Residential In Technical Analysis Chart | 8984 | JP3046390005 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF