HEIWA REAL ESTATE REIT, Inc. Reports Earnings Results for the Six Months Ended November 30, 2015; Provides Earnings Guidance for the Period from December 1, 2015 to May 31, 2016 and Six Months Ending November 30, 2016
HEIWA REAL ESTATE REIT, Inc. reported earnings results for the six months ended November 30, 2015. For the period, the company reported operating revenue of ¥5,923 million, operating income of ¥2,787 million, ordinary income of ¥2,110 million and net income of ¥2,109 million or ¥2,218 per unit compared to operating revenue of ¥5,415 million, operating income of ¥1,760 million, ordinary income of ¥1,112 million and net income of ¥1,111 million or ¥1,169 per unit reported in the same period last year. Net cash provided by operating activities was ¥7,173 million against ¥3,727 million reported last year. Income before income taxes was ¥2,110,347,000 against ¥1,112,439,000 reported last year. Purchase of property, plant and equipment was ¥37,650,000 against ¥76,921,000 reported last year. Purchase of property, plant and equipment in trust was ¥5,935,042,303,000 against ¥9,621,303,000 reported last year.
The company provided earnings guidance for the period from December 1, 2015 to May 31, 2016. For the period, the company expects operating revenue of ¥5,623 million, operating income of ¥2,359 million, ordinary income of ¥1,750 million and net income of ¥1,750 million or ¥1,724 per unit.
For the six months ending November 30, 2016, the company expects to report operating revenue of ¥5,653 million, operating income of ¥2,359 million, ordinary income of ¥1,775 million and net income of ¥1,774 million or ¥1,748 per unit.