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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kenedix Residential Next Investment Corporation    3278   JP3047480003

KENEDIX RESIDENTIAL NEXT INVESTMENT CORPORATION

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Kenedix Residential Next Investment : Notice Concerning Completion of Seismic Isolation Oil Dampers Replacement by KYB Corporation and Kayaba System Machinery Co., Ltd.

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08/11/2020 | 03:34am EDT

August 11, 2020

To All Concerned Parties

REIT Issuer:

Kenedix Residential Next Investment Corporation

Representative: Keisuke Sato, Executive Director

(Securities Code: 3278)

Asset Management Company:

Kenedix Real Estate Fund Management, Inc.

Representative:

Masahiko Tajima, President & CEO

Contact:

Shin Yamamoto, Head of Planning Division,

Residential REIT Department

TEL:

+81-3-5157-6011

Notice Concerning Completion of Seismic Isolation Oil Dampers Replacement

by KYB Corporation and Kayaba System Machinery Co., Ltd.

Kenedix Residential Investment Corporation (the "Investment Corporation") and Kenedix Real Estate Fund Management, Inc., the Asset Management Company of the Investment Corporation announce that in connection with the fact that seismic isolation oil damapers ( the "Seismic Isolation Oil Dampers") manufactured by KYB Corporation ("KYB") and Kayaba System Machinery Co., Ltd. ("KSM") with same product certification number(s) as products for which the performance inspection record data was considered to be falsified are used in one property ( the "Property") among properties the Investment Corporation currently owns, announced in the press release "Notice Concerning Seismic Isolation/Mitigation Oil Dampers manufactured by KYB Corporation and Kayaba System Machinery Co., Ltd." on October 25, 2018 and the follow-up notices, the construction company of the property completed the replacement of the Seismic Isolation Oil Dapmpers with new ones complying with the performance assessment standards certified by the Minister of Land, Infrastructure at the expense of KSM according to the agreement announced in the press release " Notice Concerning Conclusion of Seismic Isolation Oil Dampers Replacement Agreement with KYB Corporation and Kayaba System Machinery Co., Ltd" on December 23, 2019 and the corrective action report on the Seismic Isolation Oil Damper was consequently accepted by the local government that holds the jurisdiction over the replacement on August 4, 2020.

*Website URL of the Investment Corporation: https://www.kdr-reit.com/en/

[Provisional Translation Only]

English translation of the original Japanese document is provided solely for information purposes.

Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

1

Disclaimer

Kenedix Residential Next Investment Corporation published this content on 11 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2020 06:33:02 UTC


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Financials
Sales 2020 16 203 M 155 M 155 M
Net income 2020 7 355 M 70,2 M 70,2 M
Net Debt 2020 117 B 1 114 M 1 114 M
P/E ratio 2020 26,5x
Yield 2020 3,78%
Capitalization 166 B 1 589 M 1 588 M
EV / Sales 2019 17,1x
EV / Sales 2020 19,3x
Nbr of Employees -
Free-Float 98,0%
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Last Close Price 174 800,00 
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Managers
NameTitle
Osamu Chiba Supervisory Officer
Satoshi Ogawa Supervisory Officer
Keisuke Sato Executive Officer
Katsue Okuda Executive Officer
Soichiro Iwao Supervisory Officer
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