By January 17, 2014
SUMMARY OF FINANCIAL REPORT FOR THE TWENTIETH FISCAL PERIOD ENDED NOVEMBER 30, 2013 (June 1, 2013 - November 30, 2013)
United Urban Investment Corporation (United Urban) is listed on the Tokyo Stock Exchange with securities code number
8960. (URL: http://www.united-reit.co.jp)
Executive Officer | : | Hitoshi Murakami |
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 26, 2014
Scheduled date for commencing dividend payments: February 14, 2014
Supplementary Materials on Financial Results: Scheduled
Financial Results Conference: Scheduled (for analysts and institutional investors (Japanese language only))
1. PERFORMANCE FOR THE TWENTIETH FISCAL PERIOD (June 1, 2013 - November 30, 2013)(1) Business Results
(Millions of yen, unless otherwise indicated)
Operating Revenues | Operating Income | Ordinary Income | Net Income | |
Twentieth Fiscal Period | (Percentage change) 17,416 7.8% | (Percentage change) 7,720 6.9% | (Percentage change) 6,113 16.4% | (Percentage change) 6,113 16.4% |
Nineteenth Fiscal Period | 16,150 1.1% | 7,223 3.1% | 5,252 13.3% | 5,251 13.3% |
Net Income per Unit (Yen) | Return on Equity | Return on Assets | Ordinary Income to Operating Revenues | |
Twentieth Fiscal Period | 2,586 | 2.6% | 1.2% | 35.1% |
Nineteenth Fiscal Period | 2,396 | 2.4% | 1.1% | 32.5% |
(Note)
"Percentage change" is the increase or decrease, represented as a percentage, as compared to the previous period.
(2) Distributions
(Millions of yen, unless otherwise indicated)
Distributions per Unit (Yen) (Note 2) | Total Cash Distributions | Distributions in Excess of Earnings per Unit (Yen) | Total Distributions in Excess of Earnings | Payout Ratio (Note 3) | Distribution Ratio to Unitholders' Equity | |
Twentieth Fiscal Period | 2,750 | 6,545 | 0 | 0 | 106.3% | 2.8% |
Nineteenth Fiscal Period | 2,750 | 6,339 | 0 | 0 | 114.7% | 2.8% |
(Notes)
1. The resource for cash distributions is a total of net income and a reversal of reserves for distributions (Nineteenth Fiscal Period: ¥1,088 million, Twentieth Fiscal Period: ¥432 million). Therefore, those amounts differ from net income, respectively.
2. "Distributions per Unit" does not include distributions 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) | |
Twentieth Fiscal Period | 527,025 | 237,079 | 45.0% | 99,605 |
Nineteenth Fiscal Period | 516,739 | 228,142 | 44.2% | 98,958 |
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 | |
Twentieth Fiscal Period | 10,811 | (5,428) | 3,670 | 59,237 |
Nineteenth Fiscal Period | 7,120 | (41,149) | 46,585 | 50,184 |
(Millions of yen, unless otherwise indicated)
Operating Revenues | Operating Income | Ordinary Income | Net Income | Distributions per Unit (Yen) (Note 2) | Distributions in Excess of Earnings per Unit (Yen) | |
Twenty-first Fiscal Period | (Percentage change) 17,236 (1.0)% | (Percentage change) 7,736 0.2% | (Percentage change) 6,427 5.1% | (Percentage change) 6,427 5.1% | 2,750 | 0 |
Twenty-second Fiscal Period | 17,555 1.9% | 7,984 3.2% | 6,570 2.2% | 6,570 2.2% | 2,760 | 0 |
[Reference] Estimated net income per unit (full business year): Twenty-first Fiscal Period ¥2,700, Twenty-second Fiscal Period ¥2,760
(Notes)
1. "Percentage change" is the increase or decrease, represented as a percentage, as compared to the previous period.
2. "Distributions per Unit" does not include distributions in excess of earnings per unit.
3. The resource for cash distributions of Twenty-first Fiscal Period is a total of net income and a reversal of reserves for distributions (¥118 million). Therefore, it differs from net income.
3. OTHER(1) Change in Accounting Policies, Change in Accounting Estimate, and Restatement
A. Changes in accounting policies in accordance with a revision of the accounting rules: Not Applicable
B. Changes in 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 at the end of the fiscal period (including treasury investment units) The twentieth fiscal period (ended November 30, 2013): 2,380,181 units
The nineteenth fiscal period (ended May 31, 2013): 2,305,447 units
B. Treasury investment units at the end of the fiscal period
The twentieth fiscal period (ended November 30, 2013): None
The nineteenth fiscal period (ended May 31, 2013): None
(3) Rounding of Fractions of Amounts and Ratios
Unless otherwise specifically 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.
2
Description of implementation status of audit procedure
