Ooedo Onsen Reit Investment Corporation Earnings Results for the Year Ended November 30, 2017; Provides Earnings Guidance for the Six Months of May 31, 2018; Provides Earnings Guidance for the Year Ending November 30, 2018
January 22, 2018
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Ooedo Onsen Reit Investment Corporation earnings results for the year Ended November 30, 2017. For the quarter, the company reported operating revenue of ¥1,032 million against ¥1,021 million 2nd Fiscal Period May 31, 2017. Operating profit was ¥519 million against ¥547 million 2nd Fiscal Period May 31, 2017. Ordinary profit was ¥421 million against ¥446 million 2nd Fiscal Period May 31, 2017. Profit was ¥420 million against ¥445 million 2nd Fiscal Period May 31, 2017. Profit per unit was ¥2,384 against ¥2,526 per share 2nd Fiscal Period May 31, 2017. Net cash provided by operating activities was ¥689 million against ¥2,273 million 2nd Fiscal Period May 31, 2017. Profit before income taxes was ¥421,047,000 compared to ¥446,053,000 2nd Fiscal Period May 31, 2017. Purchase of property, plant and equipment was ¥153,024,000 compared to ¥45,760,000 2nd Fiscal Period May 31, 2017.
For the first half May 31, 2018, the company expects operating revenue of ¥1,444 million, operating profit of ¥725 million, ordinary profit of ¥556 million, profit of ¥555 million and distribution per unit of ¥2,370.
For the year ending year Ended November 30, 2018, the company expects operating revenue of ¥1,451 million, operating profit of ¥703 million, ordinary profit of ¥564 million, profit of ¥563 million and distribution per unit of ¥2,407.
Nippon Hotel & Residential Investment Corp is real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Fund mainly invests in and manages real estate assets such as inns, hotels, hot spring facilities, resort facilities and other leisure facilities in major cities. Its property portfolio includes Ooedo-Onsen Monogatari Reoma Resort, Ooedo-Onsen Monogatari Ise-shima, Ito Hotel New Okabe, Ooedo-Onsen Monogatari Atami, Ooedo-Onsen Monogatari Toi Marine Hotel, Ooedo-Onsen Monogatari Awara, Ooedo-Onsen Monogatari Ikaho, Ooedo-Onsen Monogatari Kimitsu-no-mori, Ooedo-Onsen Monogatari Nagasaki Hotel Seifu, Ooedo-Onsen Monogatari Kouunkaku, Kinugawa Kanko Hotel, Ooedo-Onsen Monogatari Kinosaki, Ooedo-Onsen Monogatari Higashiyama Grand Hotel. The asset manager of the Fund is Ooedo Onsen Asset Management K.K..
Ooedo Onsen Reit Investment Corporation Earnings Results for the Year Ended November 30, 2017; Provides Earnings Guidance for the Six Months of May 31, 2018; Provides Earnings Guidance for the Year Ending November 30, 2018
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