MCUBS MidCity Investment Corporation reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported operating revenue of JPY 8,025 million compared to JPY 7,005 million a year ago. Operating income was JPY 3,150 million compared to JPY 2,551 million a year ago. Ordinary income was JPY 2,527 million compared to JPY 1,977 million a year ago. Net income was JPY 2,527 million or JPY 8,817 per unit compared to JPY 1,976 million or JPY 7,431 per unit a year ago. Return on unitholders' equity was 2.1% compared to 1.7% a year ago. Net cash provided by operating activities was JPY 13,974 million compared to JPY 3,007 million a year ago. Income before income taxes was JPY 2,527.934 million compared to JPY 1,977.833 million a year ago. Purchases of property, plant and equipment in trust was JPY 32,849.528 million compared to JPY 720.634 million a year ago.

The company provided earnings guidance for the first half year ending December 31, 2017 and second half year ending June 30, 2018. For the first half ending December 31, 2017, the company expects operating revenue of JPY 7,615 million, operating income of JPY 2,973 million, ordinary income of JPY 2,388 million, net income of JPY 2,387 million and JPY 8,050 per unit.

For the second half year ending June 30, 2018, the company expects operating revenue of JPY 7,451 million, operating income of JPY 2,970 million, ordinary income of JPY 2,403 million, net income of JPY 2,402 million and JPY 8,100 per unit.

The company announced distribution of JPY 7,900 per unit for the six months ended June 30, 2017. Scheduled date for distributions payment is September 15, 2017.

For the first half year ending December 31, 2017, the company expects distributions per unit of JPY 8,050.

For the second half year ending June 30, 2018, the company expects distributions per unit of JPY 8,100.