June 15, 2022
Financial Report for the Fiscal Period Ended April 30, 2022
(For the Reporting Period from November 1, 2021 to April 30, 2022)
Name of REIT issuer:Sekisui House Reit, Inc. ("SHR") | |
Stock exchange listing: | Tokyo Stock Exchange |
Securities code: | 3309 |
URL: | https://sekisuihouse-reit.co.jp/en/ |
Representative: | Atsuhiro Kida, Executive Director |
Asset management company: | Sekisui House Asset Management, Ltd. |
Representative: | Toru Abe, President & Representative Director |
Inquiries: | Koichi Saito, Investor Relations Department Chief Manager |
TEL: +81-3-6447-4870 |
Scheduled date to file securities report: | July 28, 2022 |
Scheduled date to commence distribution payment: | July 20, 2022 |
Preparation of supplementary material on financial report: | Yes |
Holding of financial report presentation meeting: | Yes (for institutional investors and analysts) |
(Amounts truncated to the nearest million yen) |
1. Summary of financial results for the fiscal period ended April 30, 2022 (November 1, 2021 - April 30, 2022)
(1) Operating results | (Percentages show changes from the previous period) | ||||||||||
Operating Revenue | Operating Income | Ordinary Income | Net Income | ||||||||
Fiscal period ended | Millions of yen | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||
% | |||||||||||
April 30, 2022 | 14,756 | (14.7) | 7,625 | (19.0) | 6,746 | (20.8) | 6,745 | (20.8) | |||
October 31, 2021 | 17,291 | 14.9 | 9,413 | 17.8 | 8,520 | 19.9 | 8,520 | 19.9 | |||
Net Income per Unit | Return on Equity | Ordinary Income to | Ordinary Income to | ||||||||
Total Assets | Operating Revenue | ||||||||||
Fiscal period ended | Yen | % | % | % | |||||||
April 30, 2022 | 1,522 | 2.3 | 1.2 | 45.7 | |||||||
October 31, 2021 | 1,986 | 3.0 | 1.5 | 49.3 |
(Note) Net income per unit is calculated by dividing net income by the day-weighted average number of investment units outstanding during the period.
(2) Distributions
Distributions | Total | Distributions in | Total | |||
per Unit | Distributions | |||||
Excess of | Distributions in | Payout Ratio | Distributions | |||
(excluding | (excluding | |||||
Distributions in | Distributions in | Earnings | Excess of | to Net Assets | ||
per Unit | Earnings | |||||
Excess of Earnings) | Excess of Earnings) | |||||
Fiscal period ended | Yen | Millions of yen | Yen | Millions of yen | % | % |
April 30, 2022 | 1,698 | 7,524 | - | - | 111.6 | 2.5 |
October 31, 2021 | 1,803 | 7,732 | - | - | 90.8 | 2.7 |
(Note 1) Total distribution for the fiscal period ended April 30, 2022 is the amount obtained by adding 187 million yen of reversal of reserve for temporary difference adjustment ("RTA") and 590 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings.
(Note 2) Total distribution for the fiscal period ended October 31, 2021 is the amount reserved 1,195 million yen out of the unappropriated retained earnings as reserve for reduction entry and added 70 million yen of reversal of RTA and 337 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings.
(3) Financial position
Total Assets | Net Assets | Equity Ratio | Net Assets per Unit | |
As of | Millions of yen | Millions of yen | % | Yen |
April 30, 2022 | 579,931 | 298,782 | 51.5 | 67,428 |
October 31, 2021 | 555,644 | 287,642 | 51.8 | 67,070 |
This is an English translation of summarized financial report translated for informational purposes only. If there is any dis crepancy between the Japanese version and the English translation, the Japanese version shall prevail.
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(4) Cash flows
Net Cash | Net Cash | Net Cash | Cash and Cash | ||||
Provided by (Used in) | Provided by (Used in) | Provided by (Used in) | Equivalents | ||||
Operating Activities | Investing Activities | Financing Activities | at End of Period | ||||
Fiscal period ended | Millions of yen | Millions of yen | Millions of yen | Millions of yen | |||
April 30, 2022 | 7,938 | (36,833) | 17,990 | 27,187 | |||
October 31, 2021 | 25,943 | (7,358) | (10,202) | 38,091 |
2. Forecasts of performance for the fiscal period ending October 31, 2022 (May 1, 2022 - October 31, 2022) and the fiscal period ending April 30, 2023 (November 1, 2022 - April 30, 2023)
(Percentages show changes from the previous period) | ||||||||||||||
Distributions | Distributions | |||||||||||||
Operating | Operating | per Unit | in Excess of | |||||||||||
Ordinary Income | Net Income | (excluding | ||||||||||||
Revenue | Income | Earnings | ||||||||||||
Distributions in | ||||||||||||||
Excess of | per Unit | |||||||||||||
Earnings) | ||||||||||||||
Fiscal period ending | Millions | % | Millions | % | Millions | % | Millions | % | Yen | Yen | ||||
of yen | of yen | of yen | of yen | |||||||||||
October 31, 2022 | 15,610 | 5.8 | 7,893 | 3.5 | 6,996 | 3.7 | 6,995 | 3.7 | 1,688 | - | ||||
April 30, 2023 | 15,188 | (2.7) | 7,373 | (6.6) | 6,456 | (7.7) | 6,456 | (7.7) | 1,666 | 14 |
(Reference) Forecasted net income per unit (Forecasted net income / Forecasted number of investment units at end of period )
For the fiscal period ending October 31, 2022: | 1,578 yen |
For the fiscal period ending April 30, 2023: | 1,457 yen |
(Note) Forecasted distribution for the fiscal period ending October 31, 2022 is the amount added 221 million yen of reversal of RTA and 262 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings and forecasted distribution fo r the fiscal period ending April 30, 2023 is the amount reserved 61 million yen out of the unappropriated retained earnings as reserve for reduction entry and added 195 million yen of reversal of RTA and 731 million yen of reversal of reserve for reduction entry to the unappropriated retained earnings.
* Other
(1) Changes in accounting policies, changes in accounting estimates, and retrospective restatement
a. Changes in accounting policies due to revisions to accounting standards and other regulations: | None |
b. Changes in accounting policies due to reasons other than a. above: | None |
c. Changes in accounting estimates: | None |
d. Retrospective restatement: | None |
- Number of investment units issued
a. Number of investment units issued at end of period (including treasury investment units)
As of April 30, 2022: | 4,431,133 units |
As of October 31, 2021: | 4,288,666 units |
b. Number of treasury investment units at end of period
As of April 30, 2022: | - units |
As of October 31, 2021: | - units |
* Status of audit procedures
This financial report is not subject to audit procedures by public accountants or audit corporations.
- Remarks on appropriate use of forecasts of performance and other special notes
- Forward-lookingstatements presented in this financial report, including forecasts of performance, are based on information currently available to SHR and on certain assumptions it deems to be reasonable. As such, actual operating and other results may differ materially from these forecasts as a consequence of numerous factors. These forecasts do not guarantee the distribution amount.
This is an English translation of summarized financial report | translated for informational purposes only. If there is any dis crepancy between |
the Japanese version and the English translation, the Japanese | version shall prevail. |
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Sekisui House REIT Inc. published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 06:12:06 UTC.