By January 18, 2013
SUMMARY OF FINANCIAL REPORT FOR THE EIGHTEENTH FISCAL PERIOD ENDED NOVEMBER 30, 2012 (June 1, 2012 - November 30, 2012)
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 | : | Hisamitsu Abe |
Asset Management Company | : | Japan REIT Advisors Co., Ltd. Kenichiro Oikawa President and CEO |
Inquiries | : | Kenichi Natsume Chief Financial Officer TEL: +81-3-5402-3680 |
Scheduled date of filing of Securities Report: February 27, 2013
Scheduled date for commencing dividend payments: February 15, 2013
The figures have been rounded down to the nearest one million yen, unless otherwise indicated.
1. PERFORMANCE FOR THE EIGHTEENTH FISCAL PERIOD (June 1, 2012- November 30, 2012)(1) Business Results
(Millions of yen, unless otherwise indicated)
Operating Revenues | Operating Income | Ordinary Income | Net Income | |
Eighteenth Fiscal Period | (Percentage change) 15,973 1.4% | (Percentage change) 7,003 0.6% | (Percentage change) 4,635 (4.4)% | (Percentage change) 4,635 (4.4)% |
Seventeenth Fiscal Period | 15,759 1.3% | 6,959 (1.0)% | 4,850 4.3% | 4,849 4.3% |
Net Income per Unit (Yen) | Return on Equity | Return on Assets | Ordinary Income to Operating Revenues | |
Eighteenth Fiscal Period | 2,203 | 2.3% | 1.0% | 29.0% |
Seventeenth Fiscal Period | 2,305 | 2.4% | 1.1% | 30.8% |
(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 | |
Eighteenth Fiscal Period | 2,750 | 5,784 | 0 | 0 | 124.7% | 2.8% |
Seventeenth Fiscal Period | 2,750 | 5,784 | 0 | 0 | 119.2% | 2.8% |
(Notes)
1. The resource for distribution of the Seventeenth Fiscal Period and the Eighteenth 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) | |
Eighteenth Fiscal Period | 462,503 | 204,533 | 44.2% | 97,240 |
Seventeenth Fiscal Period | 457,026 | 205,682 | 45.0% | 97,786 |
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(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 | |
Eighteenth Fiscal Period | 8,001 | (7,957) | 805 | 37,627 |
Seventeenth Fiscal Period | 9,329 | (11,233) | 997 | 36,777 |
(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) | |
Nineteenth Fiscal Period | (Percentage change) 15,466 (3.2)% | (Percentage change) 6,478 (7.5) % | (Percentage change) 4,692 1.2% | (Percentage change) 4,692 1.2% | 2,750 | 0 |
Twentieth Fiscal Period | (Percentage change) 15,682 1.4% | (Percentage change) 6,401 (1.2)% | (Percentage change) 4,901 4.5% | (Percentage change) 4,901 4.5% | 2,750 | 0 |
[Reference] Estimated net income per unit (full business year): Nineteenth Fiscal Period ¥2,230, Twentieth Fiscal Period ¥2,330
(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 Nineteenth Fiscal Period and the Twentieth Fiscal Period, United Urban will make a distribution by reducing some of the reserve for distribution.
3. OTHERS(1) Change of Accounting Policies, Change in Accounting Estimate, and Restatement
A. Changes of accounting policies in accordance with revision of accounting rules: Not Applicable
B. Changes of accounting policies 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 eighteenth fiscal period (ended November 30, 2012): 2,103,383 units
The seventeenth fiscal period (ended May 31, 2012): 2,103,383 units
B. Treasury investment units at the end of the fiscal period
The eighteenth fiscal period (ended November 30, 2012): Nil
The seventeenth fiscal period (ended May 31, 2012): 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.
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Description of implementation status of audit procedure
