Japan Prime Realty Investment Corporation Announces Consolidated Financial Results for the Six Months Ended June 30, 2017; Announces Dividend for the Six Months Ended June 30, 2017, Payable on Sep. 8, 2017; Provides Financial Guidance for the Year Ended Dec. 31, 2017
August 14, 2017 at 11:30 am IST
Japan Prime Realty Investment Corporation announced consolidated financial results for the six months ended June 30, 2017. For the six months, the company reported operating income of ¥7,747 million and net income of ¥6,867 million or ¥7,494 per unit on operating revenues of ¥15,118 million against operating income of ¥7,161 million and net income of ¥6,152 million or ¥7,047 per unit on operating revenues of ¥15,105 million for the six months ended Dec. 31, 2016. Cash flow from operating activities was ¥12,914 million against ¥6,152 million for the six months ended Dec. 31, 2016. Income before income taxes and minority interests was ¥6,868,008,000 against ¥6,153,400,000 for the same period of last year. Purchase of property, plant and equipment was ¥392,949,000 against ¥243,199,000 for the same period of last year. Purchase of property, plant and equipment in trust was ¥3,625,015,000 against ¥19,277,371,000 for the same period of last year. Purchase of intangible assets was ¥9,895,373,000.
For the year ended Dec. 31, 2017, the company expects, operating income of ¥7,578 million and net income of ¥6,664 million or ¥7,220 per unit on operating revenues of ¥15,073 million.
For the six months ended June 30, 2017, the company announced a distribution of ¥7,213 per unit. Scheduled date of commencement of distribution payout is Sep. 8, 2017.