By January 18, 2012
SUMMARY OF FINANCIAL REPORT FOR THE SIXTEENTH FISCAL PERIOD ENDED NOVEMBER 30, 2011 (June 1, 2011 - November 30, 2011)
United Urban Investment Corporation (United Urban) is listed
on the Tokyo Stock Exchange with the securities code
number
8960. (URL: http://www.united-reit.co.jp)
Executive Officer | : | Yasuhiro Tanaka |
Asset Management Company | : | Japan REIT Advisors Co., Ltd. Hisamitsu Abe Chairman of the Board, CEO and COO |
Inquiries | : | Kenichi Natsume Chief Financial Officer TEL: +81-3-5402-3680 |
Scheduled date of filing of Securities Report: February 28,
2012
Scheduled date for commencing dividend payments: February 15,
2012
The figures have been rounded down to the nearest one million yen, unless otherwise indicated.
1. PERFORMANCE FOR THE SIXTEENTH FISCAL PERIOD (June 1, 2011- November 30, 2011)(1) Business Results
(Millions of yen, unless otherwise indicated)
Operating Revenues | Operating Income | Ordinary Income | Net Income | |
Sixteenth Fiscal Period | (Percentage change) 15,552 4.3% | (Percentage change) 7,027 (0.7)% | (Percentage change) 4,650 7.7% | (Percentage change) 4,649 (72.0)% |
Fifteenth Fiscal Period | 14,912 77.3% | 7,078 66.6% | 4,315 32.5% | 16,616 410.4% |
Net Income per Unit (Yen) | Return on Equity | Return on Assets | Ordinary Income to Operating Revenues | |
Sixteenth Fiscal Period | 2,238 | 2.6% | 1.1% | 29.9% |
Fifteenth Fiscal Period | 11,449 | 12.8% | 1.3% | 28.9% |
(Note)
"Percentage change" is the percentage of increase or decrease from the previous period.
(2) Distribution
(Millions of yen, unless otherwise indicated)
Distribution per Unit (Yen) (Note 2) | Total Cash Distribution | Distribution in Excess of Earnings per Unit (Yen) | Total Distribution in Excess of Earnings (Yen) | Payout Ratio (Note 3) | Distribution Ratio to Unitholders' Equity | |
Sixteenth Fiscal Period | 2,750 | 5,784 | 0 | 0 | 122.8% | 2.7% |
Fifteenth Fiscal Period | 2,841 | 4,123 | 0 | 0 | 24.8% | 2.9% |
(Notes)
1. The resource for distribution of the Fifteenth Fiscal Period is the amount remaining after deducting a gain on negative goodwill from net income, and the resource for distribution of the Sixteenth Fiscal Period is a total of net income and reversal of reserve for distribution. Therefore, those amounts differ from net income, respectively.
2. "Distribution per Unit" does not include distribution in excess of earnings per unit.
3. "Payout Ratio" is rounded down to the nearest one decimal place.
(3) Financial Position
(Millions of yen, unless otherwise indicated)
Total Assets | Total Unitholders' Equity (Net Asset) | Equity Ratio | Net Asset per Unit (Yen) | |
Sixteenth Fiscal Period | 450,963 | 206,585 | 45.8% | 98,215 |
Fifteenth Fiscal Period | 416,471 | 148,413 | 35.6% | 102,261 |
1
(4) Conditions of Cash Flows
(Millions of yen)
Cash Flows from Operating Activities | Cash Flows from Investing Activities | Cash Flows from Financing Activities | Cash and Cash Equivalents at the End of the Period | |
Sixteenth Fiscal Period | 7,193 | (31,110) | 29,309 | 37,685 |
Fifteenth Fiscal Period | 7,079 | 141 | (2,429) | 32,293 |
(Millions of yen, unless otherwise indicated)
Operating Revenues | Operating Income | Ordinary Income | Net Income | Distribution per Unit (Yen) (Note 2) (Note 3) | Distribution in excess of earnings per unit (Yen) | |
Seventeenth Fiscal Period | (Percentage change) 15,663 0.7% | (Percentage change) 6,752 (3.9) % | (Percentage change) 4,586 (1.4)% | (Percentage change) 4,586 (1.4)% | 2,750 | 0 |
Eighteenth Fiscal Period | (Percentage change) 16,012 2.2% | (Percentage change) 6,701 (0.8)% | (Percentage change) 4,670 1.8% | (Percentage change) 4,670 1.8% | 2,750 | 0 |
[Reference] Estimated net income per unit (full business year): Seventeenth Fiscal Period ¥2,180, Eighteenth Fiscal Period ¥2,220
(Notes)
1. "Percentage change" is the percentage of increase or decrease from the previous period.
2. "Distribution per Unit" does not include distribution in excess of earnings per unit.
3. Regarding the Seventeenth Fiscal Period and the Eighteenth Fiscal Period, United Urban will make a distribution from reserve for distribution.
3. OTHERS(1) Change of Accounting Policies, Change in Accounting Estimate, and Restatement
A. Changes in accordance with revision of accounting rules: Not Applicable
B. Changes other than A above: Not Applicable
C. Changes in accounting estimate: Not Applicable
D. Restatement: Not Applicable
(2) Number of Investment Units Issued and Outstanding
A. Number of investment units issued and outstanding at the end of the fiscal period (including treasury investment units)
The sixteenth fiscal period (ended November 30, 2011): 2,103,383 units
The fifteenth fiscal period (ended May 31, 2011): 1,451,319 units
B. Treasury investment units at the end of the fiscal period
The sixteenth fiscal period (ended November 30, 2011): Nil
The fifteenth fiscal period (ended May 31, 2011): Nil
(3) Rounding of Fractions of Amount and Ratio
Unless otherwise specially indicated, amounts in this report have been rounded down to the units stated and the ratios have been rounded to the nearest one decimal place.
Explanation for appropriate use of result forecasts and other special instructions
