DOCSLIB.ORG

Fiscal Period (Fiscal Period Ended May 2018) Securities Code: 8976 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fiscal Period (Fiscal Period Ended May 2018) Securities Code: 8976 Contents As of July 19, 2018 Daiwa Office Investment Corporation Earnings Announcement for the 25th Fiscal Period (Fiscal Period ended May 2018) Securities Code: 8976 Contents Overview of Daiwa Office Investment Corporation Properties Subject to Leasing Improvement in the Fiscal Period ending November 2018 (26th FP) 23 Topics of the Fiscal Period ended May 2018 (25th FP) 3 Purpose of Large-scale Repair Work and Cases of Construction Change in Major Portfolio Indices 4 Work in the Fiscal Period ended May 2018 24 Use of 30 Billion Yen of Surplus Funds 5 Efforts on ESG 26 Changes in Investment Unit Price for the Fiscal Period ended May 2018 onward 6 Section 3 Section 1 External Growth Fiscal Period ended May 2018 (25th Fiscal Period) Acquisition/Sale Policy and Status of Deliberation for Performance Highlights and Forecasts Property Acquisitions 29 Highlights of the Fiscal Period ended May 2018 (25th FP) 9 Actual Results of Asset Replacement in the Fiscal Period Highlights of Forecasts for the Fiscal Periods ending November ended May 2018 30 2018 and May 2019 (26th and 27th FP) 10 Newly Acquired Properties in the Fiscal Period Changes in Dividends 11 ending November 2018 31 Changes in Rents and Common Area Fees 12 Changes in Asset Size and Trading Performance 33 Section 2 Section 4 Financial Strategy Internal Growth Status of Interest-bearing Liabilities 35 Leasing Market of Tokyo Office Buildings 15 Unitholders as of the End of the May 2018 (25th) Fiscal Period 38 Analyses of Leasing Income 16 Change in Asset Management Fee System 39 Portfolio Map: Increase and Decrease in Unit Contract Rent Future Initiatives 40 Compared with Previous Fiscal Period 20 Internal Growth Strategies 21 Occupancy Status of Properties Subject to Leasing Improvement Appendix in the Fiscal Period ended May 2018 (25th FP) 22 This document is not material disclosed in compliance with the Financial Instruments and Exchange Law or any regulation of similar nature, nor is it intended for the purposes of solicitation. Daiwa Office Investment Corporation advises readers to make investment decisions at their own judgment. 1 Disclaimer This material is solely for the purpose of providing information and is not intended for the purpose of offering or soliciting investment, or as a recommendation to purchase or sell any specific product. Please refer any inquiries on potential purchases of the investment units of Daiwa Office Investment Corporation to a securities dealer. This document is not intended to provide information to meet the requirements of Japan’s Financial Instruments and Exchange Act or Act on Investment Trusts and Investment Corporations, or any associated cabinet orders, cabinet office ordinances, rules, or any rules governing companies listed on the Tokyo Stock Exchange, or any other applicable rules, nor is it a disclosure document or statement of financial performance prepared in accordance with the provisions of any of the foregoing. This document contains forward-looking statements. However, these forward-looking statements are based on certain assumptions and judgments made using currently available information, and there are a number of unknown risks and uncertainties. These forward-looking statements are not a guarantee of future performance or management results of Daiwa Office Investment Corporation, and actual results may materially differ from any explicit or implicit forecasts contained herein. Although the information contained in this document is the best available at the time of publication, no assurances can be given regarding the accuracy and certainty of this information. The content of this document may be modified or withdrawn without prior notice. Reproduction or use of the contents included in this document without prior approval is prohibited. This document is not material disclosed in compliance with the Financial Instruments and Exchange Law or any regulation of similar nature, nor is it intended for the purposes of solicitation. Daiwa Office Investment Corporation advises readers to make investment decisions at their own judgment. 2 Topics of the Fiscal Period ended May 2018 (25th FP) • Conducted large-scale asset replacement worth 117.4 billion yen in total for the fiscal periods ended May 2018 and ending November 2018 Asset replacement and • Allocated 23.32 billion yen out of approximately 30 billion yen secured through effective use of 30 billion asset replacement to the three scenarios (contribution to dividends is expected to yen of surplus funds increase by 383 yen) • Various major indices of the portfolio improved with the above measures • Occupancy rate as of the end of the fiscal period ended May 2018 was 99.0%, the highest level ever (forecasted occupancy rate as of January 2018: 98.0%) Steady internal growth • The growth rate of dividend resource remained at a high level with the renewal of contracts and occupancy by new tenants • Strategically implement large-scale repair work by also considering additional Value enhancement through construction work in the case increase in unit rent and reduction of expenses can large-scale repair work be targeted through value enhancement, in addition to appropriate functional maintenance and recovery of properties. This document is not material disclosed in compliance with the Financial Instruments and Exchange Law or any regulation of similar nature, nor is it intended for the purposes of solicitation. Daiwa Office Investment Corporation advises readers to make investment decisions at their own judgment. 3 Change in Major Portfolio Indices Various major indices increased in the portfolio for one and a half years from the fiscal period ended November 2017 through asset replacement, internal growth and effective use of 30 billion yen of surplus funds (Note 1) The sale of Shinjuku Maynds Tower in the 25th FP is a partial sale. Therefore, the remaining owned portion is counted as 1 property in the number of properties owned as of the end of the 27th FP. The number of properties owned as of the end of the 27th FP reflects only properties for which contracts have been concluded and disclosed. (Note 2) NOI yield is calculated using the following formula: Numerator: Annualized NOI does not include costs related to the Investment Corporation. Annualized actual NOI is used for the end of the 24th FP, annualized forecasted NOI for the 27th FP is used for NOI of assets acquired in the 25th FP and 26th FP, annualized actual NOI for the 24th FP is used for NOI of assets sold in the 25th FP, and annualized forecasted NOI for the 27th FP is used for the end of the 27th FP. Denominator: Period-end book value is used for the book value for the end of the 24th FP and the book value for the end of the 27th FP is calculated by adding assets acquired (scheduled to be acquired) in the 26th FP to the book value for the end of the 25th FP. (Note 3) The ratio of investment in Shinjuku Maynds Tower is the ratio of Shinjuku Maynds Tower’s acquisition price to the total acquisition price. (Note 4) NAV per unit= (Unitholders’ capital +Total appraisal value at the end of fiscal period − Total property book value at the end of fiscal period) / Number of investment units issued and outstanding. NAV per unit as of the end of the 27th FP is calculated based on NAV per unit as of the end of the 25th FP (Note 5) LTV as of the end of the 27th FP is calculated under the assumption total interest bearing liabilities for the 28th FP is 187,950 million yen based on the total assets as of the end of the 25th FP. This document is not material disclosed in compliance with the Financial Instruments and Exchange Law or any regulation of similar nature, nor is it intended for the purposes of solicitation. Daiwa Office Investment Corporation advises readers to make investment decisions at their own judgment. 4 Use of 30 Billion Yen of Surplus Funds 30 billion yen of surplus funds incurred with the asset replacement in the 25th FP The amount of impact on dividend per unit was 383 yen in total as a result of utilizing a total of approximately 23.32 billion yen Calculation: Use of funds Amount of impact on dividend per unit Fiscal period ending May 2019 (27th FP) ＜Prime Kanda Building: Kanda-Sudacho, Chiyoda-ku (1-minute walk from Iwamotocho Station on the Toei Shinjuku Line)＞ Acquisition price (Note 1): 1.8 billion yen, NOI yield: 3.8% (as of acquisition (Note 2)) → 4.2% (mid-term assumption (Note 3)) 1. Allot to Structure/Floor: S/RC / B1 / 10F acquisition of +146 yen new properties ＜Kita-Shinagawa Gotenyama Building: Kita-Shinagawa, Shinagawa-ku (1-minute walk from Kita-Shinagawa Station on the Keikyu Line)＞ Acquisition price (Note 1): 2.5 billion yen, NOI yield: 4.1% (as of acquisition (Note 4)) → 4.1% (mid-term assumption (Note 5)) Structure/Floor: SRC/S / 8F ＜Repayment/early repayment of a total of 15.35 billion yen to 8 lenders＞ 2. Allot to • Repayment of a total of 1.85 billion yen to three banks (February 28, 2018) repayment of • Early repayment of 2 billion yen to a bank (March 30, 2018) +103 yen loans • Early repayment of a total of 11.5 billion yen to five banks (April 27, 2018) • Acquisition period: March1, 2018 to May 18, 2018 3. Allot to share • Number of acquired units: 5,992 units buybacks +134 yen • Total acquisition amount: 3,675,523,000 yen Total Approx. 23.32 billion yen +383 yen (Note 1) Excluding expenses related to the acquisition and consumption tax. (Note 2) Figures calculated by dividing the expected annual balance of payments under the assumed occupancy rate (100.0%) by the acquisition price, based on the lease agreement upon acquisition, etc.
Load more

Recommended publications
  • Shiseido Donates Public Art Titled “Crystal of Light” to Tokyo Metro Ginza Line Ginza Station
    October, 2020 Shiseido Company, Limited Shiseido Donates Public Art Titled “Crystal of Light” to Tokyo Metro Ginza Line Ginza Station Shiseido Company, Limited (“Shiseido”) will donate public art titled “Crystal of Light” to the Tokyo Metro* Ginza Line, Ginza Station on Friday, October 16, 2020 as part of community development plans toward the beautification of the city of Ginza, which is Shiseido’s birthplace, and sharing beauty with the world through art. * Tokyo Metro Co., Ltd. (Headquarters: Taito-ku, Tokyo; President: Akiyoshi Yamamura, hereafter “Tokyo Metro”) About "Crystal of Light" The work, a light sculpture consisting of 636 crystal glasses with special facets, was created by world-famous artist Tokujin Yoshioka. He used a world map to program the directions of lights in the work and designed to express the world with light. Innumerable glows emitted from the crystal glasses form a huge light, which conveys a wish for peace, that “the world be united as one with all lives on earth”, and gives off a radiance for the people in the city, becoming a new symbol of Ginza Station. Tokyo Metro public art installation Tokyo Metro is promoting the installation of public artworks in sync with station construction and renewal to create comfortable, enriched cultural spaces. Works will be installed at five stations on the Ginza Line (Kyobashi Station, Ginza Station, Toranomon Station, Aoyama 1-chome Station, and Gaienmae Station) where renewal construction is carried out. Shiseido and Ginza Shiseido was founded in Ginza in 1872 as Japan's first private Western-style pharmacy. Since then, we have continued to create new value together with the city of Ginza, which has always embraced and developed newness with willing, accepting attitude.
    [Show full text]
  • Comfort Urban Smart
    COMFORIA RESIDENTIAL REIT, INC ~Investor Presentation~ COMFORT 8th Fiscal Period (ended July 2014) September 2014 URBAN SMART Table of Contents 1. 8th Fiscal Period Highlights 5. Appendix Financial Highlights - 4 – P&L: 8th Period -23- Portfolio Highlights - 5 - Balance Sheet: 8th Period -24- 2. 8th Fiscal Period Results 8th ~ 9th Period Performance Forecast -25- Financial Results for the 8th Fiscal Period - 7 - CRR Characteristics -26- Stable Occupancy Rate - 8 - “COMFORIA” Series -27- Fluctuations in Rent Rate - 9 - “COMFORIA” Series Representative Properties -28- External Growth-①: PO Effect & Acquisition Portfolio Policy -29- Capacity -10- # of Net migration and Household in Tokyo 23 Wards -30- External Growth-②: Post-offering Acquisitions -11- Demand & Price Stability of Tokyo 23 Ward Assets -31- Property Management Initiatives -12- Portfolio Map (as at 8th FP end) -32- Financial Strategy-①: Borrowings & Bond Issue -13- Portfolio List -33- Financial Strategy-②: Financial Indicators Appraisal Value -36- (as at 8th FP end) -14- Occupancy and Rent Rates -39- Expansion of Retail Investor Base -15- Overview of Portfolio (as at 8th FP end) -40- 3. Future Strategy Status of Interest-bearing Debt (as at 8th FP end) -42- External Growth Targets -17- Unitholders (as at 8th FP end) -43- Solid External Growth-①: Historical Performance -18- Historical Unit Price -44- rd Solid External Growth-②: Opportunities Agenda of the 3 Unitholders’ Meeting -45- & Pipeline -19- Governance -46- 4. Performance Forecast Overview
    [Show full text]
  • <Venue> Hitotsubashi Hall
    Tokyo Dome 3 7 Suehirocho Suidobashi Iidabashi Ochanomizu Akihabara 6 2 Shin-ochanomizu Jimbocho Kudanshita Ogawacmachi 5 Iwamotocho Awajicho Kanda River <Venue> Hitotsubashi Hall Science Museum Kanda Kodenmacho Metropolitan Expressway Takehashi 4 Shin-Nihonbashi Mitsukoshimae Imperial Palace Otemachi Hanzomon 1 Palace Hotel Tokyo 1 2 Hotel Grand Palace 3 Tokyo Dome Hotel 4 KKR Hotel Tokyo Nihombashi 5 The B Ochanomizu 6 Hotel Villa Fontaine Tokyo Kudanshita Tokyo 7 Tokyo Green Hotel Korakuen Nijubashi-Mae <From Airport to Each Hotel by Using Train or Bus> By JR Narita Express Train (NEX) 60 min. 4,000yen By Taxi http://www.jreast.co.jp/e/nex/ By JR Line Ochanomizu 6 min. on foot The B Ochanomizu 10 min. 570‐730yen Station Tokyo Green Hotel By Airport Limousine Bus By Taxi 70‐110 min. 3,100yen Korakuen 10 min. 650‐730yen http://www.limousinebus.co.jp/en/ Tokyo By Taxi Station By Taxi Tokyo Dome Hotel 10 min. 650‐730yen Narita 10 min. 570‐730yen Hitotsubashi By JR Line Hotel Grand Palace International Suidobashi Hall By Tozai Line By JR Line 4 min. on foot Airport Station Iidabashi Station Kudanshita Station (Venue) By Toei Mita Line Takebashi Station 3 min. on foot KKR Hotel 6 min. on foot Jimbocho Station 4 min. on foot Hotel Villa Fontaine By Airport Limousine Bus By Taxi 70‐110 min. 3,100yen By Taxi Kudanshita 10 min. 410‐730yen http://www.limousinebus.co.jp/en/ 10 min. 740‐820yen Palace Hotel (From Tokyo Station, 8 min. on foot) By Airport Limousine Bus 25‐45 min. 930yen *We recommend to use train or limousine bus from the http://www.limousinebus.co.jp/en/ airport to your hotel, since taxi costs much higher than using train or limousine bus.
    [Show full text]
  • Tokyo 2020 TDM -Games Transportation in Metropolitan Activities- Table of Contents
    Tokyo 2020 TDM -Games transportation in metropolitan activities- Table of Contents 1． Overview of Tokyo 2020 Games (Traffic Forecast) 1-1) TDM 1-2) 2020 Traffic Restrictions ２． Requested corporate efforts 2-1) Requested Efforts 2-2) Efforts in Summer of 2019 2-3) Verification (References) • Examples (London, G20, etc.) • Traffic Restrictions (G20 and Others, Road Competitions) • Traffic Forecast (Map of Games influence on Transport) • Others 1 1． Overview of Tokyo 2020 Games (Traffic Forecast) 1-2) 2020 Traffic Restrictions (ORN, Personnel Transportation Routes) 2 Examples from Past-Games (London 2012; TDM PR, For General Users) 3 Examples from Past-Games (London 2012; TDM PR For Corporations) 4 Competition schedule and the scale of the games Olympics Paralympics July 24, 2020 (Friday) August 25, 2020 (Tuesday) Period to August 9 (Sunday) to September 6 (Sunday) (17 Days) (13 Days) No. of 33 22 Competitions [Athletes] Approx. 11,000 No. [Athletes] Approx. 4,400 [Spectators] Approx. 7.8 million people [Spectators] Approx. 2.3 million people of [Media Representatives] [Media Representatives] Approx. 9,500 people Visitors Approx. 25,000 people 5 Time Periods That Require Intensive Efforts [2020 Calendar] Olympics: July 24 to August 9 Paralympics: August 25 to September 6 Sun Mon Tue Wed Thu Fri Sat Opening Ceremony Period when there is an Marine Day Sports Day Bicycle (Umi No Hi) annual increase in quantity Competition before Obon. (An annual Bicycle Buddhist event for Triathlon Triathlon Walking Race Triathlon Competition commemorating one's ancestors) Marathon Walking Race Walking Race Closing Ceremony Mountain Day Marathon (Yama No Hi) Period When Traffic Opening Triathlon Measures are Ceremony Particularly Required Triathlon Closing Ceremony Returning equipment including equipment used at games returned to Marathon each country * From 2020, Physical Education Day (Taiiku No Hi) will be changed to Sports Day.
    [Show full text]
  • Activia Properties Inc. (Code: 3279/API)
    （証券コード：3279/API） Activia Properties Inc. (Code: 3279/API) Financial Results Presentation for the 19th Fiscal Period Ended May 2021– July 2021 Section1 1. Executive Summary 2. Financial Results & Forecasts Section2 3. External Growth 4. Internal Growth 5. Financial Management & ESG Appendix Relaxing green courtyard (A-PLACE Shinagawa Higashi） 1. Executive Summary Executive Summary 3 Despite temporary rent reductions were offered to tenants due to the state of emergency declarations, which happened twice during the period, FP19 results came in better than the management guidance Forecasts for FP20 and FP21 are calculated with an assumption that the COVID-19 impact will prolong We aim to enhance our unitholder value through external growth in preparation for the post COVID-19 and extra internal growth fully utilizing the unique & competitive characteristics of our properties Results Market Outlook • • DPU for the FP19 ended May 2021 • Uncertainty still prevails despite Forecast DPUs for the next FPs Results & resulted to be ¥9,401, up from the vaccination progresses assume COVID-19 impact prolongs Forecasts previous forecast as we could minimize • The entire facility closure would • ¥9,350 for FP20, Nov. 2021 the pandemic-related adverse impacts negatively affect our earnings • ¥9,100 for FP21, May 2022 • Focus on rent increase at tenant • Rent increase achieved at tenant • Rent increase slows as vacancy rate replacements leveraging upon replacements and lease renewals remains high strong demand for prime location backed by solid demand
    [Show full text]
  • Area Locality Address Description Operator Aichi Aisai 10-1
    Area Locality Address Description Operator Aichi Aisai 10-1,Kitaishikicho McDonald's Saya Ustore MobilepointBB Aichi Aisai 2283-60,Syobatachobensaiten McDonald's Syobata PIAGO MobilepointBB Aichi Ama 2-158,Nishiki,Kaniecho McDonald's Kanie MobilepointBB Aichi Ama 26-1,Nagamaki,Oharucho McDonald's Oharu MobilepointBB Aichi Anjo 1-18-2 Mikawaanjocho Tokaido Shinkansen Mikawa-Anjo Station NTT Communications Aichi Anjo 16-5 Fukamachi McDonald's FukamaPIAGO MobilepointBB Aichi Anjo 2-1-6 Mikawaanjohommachi Mikawa Anjo City Hotel NTT Communications Aichi Anjo 3-1-8 Sumiyoshicho McDonald's Anjiyoitoyokado MobilepointBB Aichi Anjo 3-5-22 Sumiyoshicho McDonald's Anjoandei MobilepointBB Aichi Anjo 36-2 Sakuraicho McDonald's Anjosakurai MobilepointBB Aichi Anjo 6-8 Hamatomicho McDonald's Anjokoronaworld MobilepointBB Aichi Anjo Yokoyamachiyohama Tekami62 McDonald's Anjo MobilepointBB Aichi Chiryu 128 Naka Nakamachi Chiryu Saintpia Hotel NTT Communications Aichi Chiryu 18-1,Nagashinochooyama McDonald's Chiryu Gyararie APITA MobilepointBB Aichi Chiryu Kamishigehara Higashi Hatsuchiyo 33-1 McDonald's 155Chiryu MobilepointBB Aichi Chita 1-1 Ichoden McDonald's Higashiura MobilepointBB Aichi Chita 1-1711 Shimizugaoka McDonald's Chitashimizugaoka MobilepointBB Aichi Chita 1-3 Aguiazaekimae McDonald's Agui MobilepointBB Aichi Chita 24-1 Tasaki McDonald's Taketoyo PIAGO MobilepointBB Aichi Chita 67?8,Ogawa,Higashiuracho McDonald's Higashiura JUSCO MobilepointBB Aichi Gamagoori 1-3,Kashimacho McDonald's Gamagoori CAINZ HOME MobilepointBB Aichi Gamagori 1-1,Yuihama,Takenoyacho
    [Show full text]
  • Minato City Wi-Fi だれでも簡単にご利用いただけます。
    Free! Minato City Wi-Fi だれでも簡単にご利用いただけます。 Easy for anyone to use! 누구나 간편하게 이용하실 수 있습니다. 所有人都可以简单地使用。 所有人都可以簡單地使用。 アクセスポイントマップ／ ／Access point map ／ ／ 접속 포인트 지도 Wi-Fi链接热点 Wi-Fi�接熱點 19 赤坂御用地 お台場レインボー公園 Akasaka 赤坂見附駅 Odaiba Rainbow Park Imperial Residence 21 Akasaka-mitsuke Sta. 36 東京メトロ銀座線 22 虎ノ門駅 Tokyo Metro Ginza Line 24 20 Toranomon Sta. 内幸町駅 赤坂駅 Uchisaiwaicho Sta. 台場公園 Akasaka Sta. 溜池山王駅 Daiba Park 青山一丁目駅 Tameike-sanno Sta. 1 Aoyama-itchome Sta. 37 25 乃木坂駅 23 外苑前駅 Nogizaka Sta. 2 3 Gaiemmae Sta. 12 38 26 13 新橋駅 東京メトロ日比谷線 4 Shimbashi Sta. Tokyo Metro Hibiya Line お台場海浜公園 東京メトロ千代田線 14 表参道駅 Odaiba-kaihinkoen 40 39 Tokyo Metro Chiyoda Line 汐留駅 41 Omote-sando Sta. 青山霊園 Shiodome Sta. 六本木一丁目駅 都営地下鉄三田線 5 Aoyama Cemetery 6 Toei Subways Mita Line 15 Roppongi-itchome Sta. 27 六本木駅 Roppongi Sta. 7 42 神谷町駅 御成門駅 大門駅 お台場海浜公園駅 8 Daimon Sta. 16 Kamiyacho Sta. Onarimon Sta. Odaiba-kaihinkoen Sta. 東京メトロ日比谷線 麻布十番駅 Tokyo Metro Hibiya Line 浜松町駅 Azabu-juban Sta. 増上寺 9 Hamamatsucho Sta. Zojoji 17 赤羽橋駅 Akabanebashi Sta. 芝公園駅 10 竹芝駅 Shibakoen Sta. Takeshiba Sta. 18 都営地下鉄大江戸線 Toei Subways Oedo Line 広尾駅 台場駅 Hiro-o Sta. 三田駅 Mita Sta. 日の出駅 Daiba Sta. 11 32 Hinode Sta. e 線 in L 草 sa u 浅 k 東京臨海新交通臨海線“ゆりかもめ” a 28 鉄 s Sta. Tokyo Waterfront New Transit A 下 田町駅 s Waterfront Line “Yurikamome” 白金高輪駅 y 33 地 a Tamachi Shirokane-takanawa Sta. w 芝浦ふ頭駅 営 b u Shibaura-futo Sta. 都 S i JR横須賀線 e o JR Yokosuka Line T レ イ ン ボ ー ブリッジ 白金台駅 泉岳寺駅 Sengakuji Sta.
    [Show full text]
  • Notice Concerning the Acquisition of Property
    Translation Purposes Only June 25, 2019 To All Concerned Parties Name of REIT Issuer: Hulic Reit, Inc. 2-26-9 Hatchobori, Chuo-ku, Tokyo, Japan Eiji Tokita, Executive Officer (TSE Code: 3295) Contact: Asset Management Company Hulic Reit Management Co., Ltd. Eiji Tokita, President and CEO Kazuaki Chokki, Executive Managing Director, CFO, General Manager of Planning and Administration Division Tel: +81-3-6222-7250 Notice concerning the Acquisition of Property TOKYO, June 25, 2019 –Hulic Reit, Inc. (hereinafter referred to as “Hulic Reit”) hereby announces that Hulic Reit Management Co., Ltd. (hereinafter referred to as “Hulic Reit Management”), which is entrusted with the management of the assets of Hulic Reit, has today made the decision to acquire the properties listed below (hereinafter individually or collectively referred to as the “Property”). Since the counterparty to the acquisition of the Property includes an Interested Person, etc. (defined below) of Hulic Reit Management, and is an interested party according to Hulic ReitManagement’s Regulations on Transactions with Interested Parties, the necessary procedures stipulated in the Act on Investment Trusts and Investment Corporations (Act No. 198 of 1951, as amended; hereinafter referred to as “Act”) and Hulic Reit Management’s internal policies (including Regulations on Transactions with Interested Parties) have been completed concerning the Acquisition. 1. Overview of the acquisition (1) (2) (3) (4) (5) (6) (7) Category Property name Location Assets planned for Anticipated Seller Presence of acquisition acquisition price intermediary (Millions of yen) (Note 1) Tokyo Commercial Property Hulic Ginza 7 Real estate trust Chome Building Hulic Co., Office Chuo-ku, Tokyo beneficiary rights 5,600 No (Additional Ltd.
    [Show full text]
  • Traditional Sports Page 1/ 6
    TRADITIONAL SPORTS PAGE 1/ 6 PG-807 TRADITIONAL SPORTS 10th Fl., Tokyo Kotsu Kaikan Bldg., 2-10-1, Yurakucho, Chiyoda-ku, Tokyo 100-0006 Tel. (03)3201-3331 AIKIDO Aikido is half sport, half religion. It means an elevation from Aikido claim an ability to lead an opponent’s “ki,” spirit power, the traditional physical arts to a spiritual martial art. Its tech- and to throw him with little effort, sometimes even without niques incorporate woven elements of philosophy, psychology touching his body. This martial art is performed without a and dynamics. The basic form is the circle and the straight, weapon, as a rule, but one may be used if an opponent is armed. upward line. Practice is usually performed in either a white Judogi or Japanese Created in Japan by Morihei Ueshiba (1883–1969), Aikido Hakama (split-skirt). embodies the principles of Judo, Karate and Kendo into one In Japan today, lessons are given in city wards, towns, prefec- form of non-body contact self-defense. It features throwing tures, etc. exercises, holding techniques and “atemi” or a body blow aimed *Visitors are welcomed to observe practicing. at keeping one’s opponent’s power in check. Adherents of <Information> Tenshin Dojo (天心道場)* International Aikido Federation (国際合気道連盟) 1-10-8, Higashi-Juso, Yodogawa-ku, Osaka. Tel.(06)6304-8710 17–18, Wakamatsucho, Shinjuku-ku, Tokyo. 5-min. walk from Juso Station on Hankyu Line. Tel.(03)3203-9236 Hours: 7:00–8:00, 19:00–20:20 Mon., 7:00–8:00, 19:30–20:40 5-min. walk from Wakamatsu-Kawada Station on Subway Toei Wed., 19:00–20:30 Thu., 8:00–9:20, 15:00–16:20 Sat., Oedo Line.
    [Show full text]
  • Sojitz Corporation 32  Highlights of the 5Th Period 4 212-227-245 0-125-198  Cushman & Wakefield  Financial Results (Statement of Income) 5 Asset Management K.K
    Logo Color (Header, Footer, Cover Page) 210-35-42 0.75PT 23-70-158 150-150-150 220-221-222 Tint Color Chart Color 252-222-221 237-20-91 212-227-245 0-125-198 254-240-217 250-166-26 218-212-229 162-147-191 Securities Code：3296 197-228-237 109-188-209 Investor Presentation http://www.nippon-reit.com/en/ for the 5th Period (ended December 31,2014) 227-241-229 115-185-123 February 20, 2015 Line Color 243-133-142 96-163-217 251-192-95 239-171-255 138-228-226 255-161-97 166-166-166 Logo Color (Header, Footer, Cover Page) 210-35-42 Table of Contents 0.75PT 23-70-158 Executive Summary 5. Appendix 150-150-150 Summary of Financial Results / Public Offering NIPPON REIT’s Policy 28 220-221-222 Highlights/ Summary of Financial Forecasts / Market Overview 29 Tint Color Chart Color Growth Strategy 2 Investment Policy 30 Overview of Sponsor Support 31 252-222-221 237-20-91 1. Summary of Financial Results Sojitz Corporation 32 Highlights of the 5th Period 4 212-227-245 0-125-198 Cushman & Wakefield Financial Results (Statement of Income) 5 Asset Management K.K. 33 Operation Results 6 254-240-217 250-166-26 Agility Asset Advisers Inc. 34 Financial Status 7-8 Governance Structure 35 218-212-229 162-147-191 2. Public Offering Highlights (February 2015) Portfolio and Tenant Allocation 36 197-228-237 109-188-209 Offering Highlights 11 Portfolio Appraisal Value 37 Outcome of Public Offering 12 List of properties 38-42 227-241-229 115-185-123 Portfolio properties 13 Performance by property 43-44 Portfolio Map 14 Balance Sheet 45 Line Color Reinforcement of portfolio risk tolerance 15 Income Statement 46 243-133-142 Investment centering on office buildings Unitholder Composition in Central 6 wards of Tokyo 16 and Historical Unit Price 47 96-163-217 Asset Management Company 48 3.
    [Show full text]
  • Presentation Material for the Second Fiscal Period (Ended August 2014) October 17, 2014
    Presentation Material for the Second Fiscal Period (Ended August 2014) October 17, 2014 Securities code ：3290 http://www.sia-reit.com/en/index.html Table of Contents 1 Second Fiscal Period Topics 5 Appendix 1. Second Fiscal Period Topics 3 About the SIA Group 27 (Ended August 2014) Support of Sponsor and Support Companies 31 2 Overview of Financial Results Statement of Income 32 for the Second Fiscal Period (Ended August 2014) Balance Sheet 33 1. Statement of Income 6 Characteristics of SIA REIT 34 2. Balance Sheet 7 Portfolio Map 35 3. Management Status 8 Portfolio List 36 4. Financial Status 17 List of Appraisal Values 40 3 Earnings Forecasts Lease Business Revenue and Expenditure by Property 41 for the Third Fiscal Period (Ending February 2015) List of Borrowings 43 and Fourth Fiscal Period (Ending August 2015) Unitholder Status as of End of Second Fiscal Period 44 1. Earnings Forecasts 19 (Ended August 2014) for the Third Fiscal Period (Ending February 2015) Governance System and Management Fee Scheme 45 and Fourth Fiscal Period (Ending August 2015) Overview of SIA REIT 46 2. Future Outlook 20 (Third Fiscal Period Onward) Overview of the Asset Management Company 47 Disclaimer 48 4 Future Growth Strategies 1. Growth Cycle, Challenges and Actions of SIA REIT 22 2. Roadmap for Growth (Medium-Term Goal) 23 3. External Growth Strategy 24 4. Financial Strategy 25 SIA REIT Presentation Material for the Second Fiscal Period (Ended August 2014) 1 1 Second Fiscal Period Topics (Ended August 2014) SIA REIT Presentation Material for the Second Fiscal Period (Ended August 2014) 2 1 Second Fiscal Period Topics (Ended August 2014) 1 – (1) Second Fiscal Period Topics (Ended August 2014) ① Internal Growth The portfolio occupancy rate recovered from 88.5% at the end of the first fiscal period to 91.4% at the end of the second fiscal period.
    [Show full text]
  • COMFORIA RESIDENTIAL REIT, INC ~Investor Presentation~ 6Th
    COMFORIA RESIDENTIAL REIT, INC ~Investor Presentation~ 6th Fiscal Period (ended July 2013) As of September 2013 Table of Contents 1. IPO Highlights 6. Appendix z Public Listing of COMFORIA RESIDETIAL REIT, z P&L: 6th Period -25- Inc (“CRR”) - 4 - z Balance Sheet: 6th Period -26- 2. Executive Summary z CRR Characteristics -27- z Executive Summary - 6 - z “COMFORIA” Series -28- th 3. 6 Fiscal Period Results z Portfolio Policy -30- th z Financial Results for the 6 Fiscal Period - 8 - z “COMFORIA” Series Representative Properties z Stable Occupancy Rate - 9 - -31- z Fluctuations in Rent Rate -10- z Portfolio Map (as at end of Jul’13) -32- z Internal Growth -11- z Portfolio List -33- 4. Growth Strategies z Appraisal Value -35- z Overview of Growth Strategies -13- z Occupancy and Rent Rates -37- z RoFR through Anonymous Partnership Equity z Overview of Portfolio -38- Interests -14- z Status of Interest-bearing Debt (as at end of Jul’13) z Sponsor Pipeline -15- -40- z Acquisitions during 7th Period -16- z Unitholders (as at end of Jul’13) -41- z Portfolio Summary -17- z Historical Unit Price -42- z External Growth -18- z Household Statistics in Tokyo Area -43- z Financial Strategy -19- z Governance -44- z Overview of CRR -45- 5. 7th Period Performance Forecast z Overview of Asset Management Company -46- z 7th Period Forecast of Financial Results -23- 2 1. IPO Highlights 3 Public Listing of COMFORIA RESIDETIAL REIT, Inc (“CRR”) Conducting asset management specialized in residential properties while focusing on earnings stability and growth IPOIPO
    [Show full text]