The 11th Fiscal Period (May. 2017) Presentation

 

The 11th Fiscal Period (May. 2017) Presentation

Index

Major Topics for the 11th Period (ended May 2017)

Highlights of the 11th Fiscal Period (ended May 2017) and onwards

Financial Results for the 11th Period (ended May 2017)

External Growth

Internal Growth

Financing Strategy

(Reference) Financial Forecasts for the 12th Period (ending Nov. 2017) and the 13th Period (ending May. 2018)

Others

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I would like to move onto the financial forecasts for the 13th period.

Please see upper left No 1. In the 13th fiscal period, we anticipate operating revenue to be ¥12,481 million, operating income to be ¥7,063 million, net income to be ¥6,060 million, and distributions per unit to be ¥ 9,260.

Although a decrease of our operating revenue in the 13th fiscal period is forecasted due to un-balanced timing of occurrence of sales-linked rent at our hotels, we expect increase of rent revenue attributed to internal growth, as well as an increase in profit by managing DPU especially in repair expenses control, etc.

As indicated 3 at the bottom, we anticipate DPU will increase ¥5 from the 12th period forecast.