| |  |     This page shows DPU forecast summary for the periods ending November 2019 and May 2020. Please refer to the graph.
For the period ending November 2019, DPU are forecasted to be ¥10,018, or ¥9,660 excluding effect from disposition, owning to increase in revenue from sales-linked rent at hotels and internal growth, covering increase in expenses such as repair & maintenance expenses and tax & public dues, etc.
For the period ending May 2020, stabilized DPU are forecasted to be ¥9,700, up ¥40 from the previous period forecast. Though revenue decreases due to termination of the benefit from asset disposition and a fluctuation of sales-linked rent at hotels, cost control measures such as management fee structure change and reduced maintenance expenses will absorb such decreases.
We will continue management with focus on stable and continuous growth to achieve DPU at ¥10,000 level on stabilized basis.
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