TOKYO--()--Nomura Real Estate Office Fund, Inc. (NOF)(URL: http://www.nre-of.co.jp/english/) (TOKYO:8959), a Japanese office building real estate investment trust (J-REIT), announces financial results for the fiscal period from November 1, 2011 to April 30, 2012.
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(Omit fractions under one million yen) |
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(1) Operating Results (Ratio of increases and decreases in comparison with the previous period) |
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| Operating Revenues | Operating Profits | Current Profits | ||||||||||
| Period Ended |
Millions of yen |
(%) |
Millions of yen |
(%) |
Millions of yen |
(%) |
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| April 30, 2012 | 12,441 | (-8.8) | 5,529 | (-11.1) | 3,903 | (-15.7) | ||||||
| October 31, 2011 | 13,637 | (4.0) | 6,219 | (1.2) | 4,628 | (2.8) | ||||||
| Net Income |
Net Income |
ROE |
ROA |
Current Profits |
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| Period Ended |
Millions of yen |
(%) |
yen |
% |
% |
% |
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| April 30, 2012 | 3,902 | (-15.7) | 12,789 | 2.1 | 1.0 | 31.4 | ||||||
| October 31, 2011 | 4,627 | (4.5) | 15,164 | 2.4 | 1.2 | 33.9 | ||||||
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(2) Distributions |
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Cash |
Total Cash |
Distributions in |
Distributions |
Payout |
Distributions |
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| Period Ended |
yen |
Millions of yen |
yen |
Millions of yen |
% |
% |
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| April 30, 2012 | 12,790 | 3,902 | 0 | 0 | 100.0 | 2.1 | ||||||
| October 31, 2011 | 14,837 | 4,527 | 0 | 0 | 97.8 | 2.4 | ||||||
| (Note 1) | Payout Ratio is rounded off to the first decimal place. | |
| (Note 2) |
Cash Distributions per Unit for the period ended October 31, 2011 is calculated by dividing the amount after adding the provision of reserve for reduction entry (JPY100 million) to unappropriated retained earnings by the number of investment units issued and outstanding. |
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(3) Financial Position |
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| Total Assets | Net Assets | Capital Adequacy Ratio | Net Assets per Unit | |||||
| Period Ended |
Millions of yen |
Millions of yen |
% |
yen |
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| April 30, 2012 | 397,667 | 189,458 | 47.6 | 620,923 | ||||
| October 31, 2011 | 400,390 | 190,082 | 47.5 | 622,970 | ||||
| (Reference) | Owned Capital: As of April 30, 2012 |
JPY189,458mln |
As of October 31, 2011 | JPY190,082mln |
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(4) Cash Flows |
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Cash Flows from |
Cash Flows from |
Cash Flows from |
Cash and Cash |
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| Period Ended |
Millions of yen |
Millions of yen |
Millions of yen |
Millions of yen |
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| April 30, 2012 | 4,914 | -8,765 | -5,773 | 26,692 | ||||
| October 31, 2011 | 13,789 | -1,502 | -7,679 | 36,317 | ||||
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Forecasts of Financial Results for the Fiscal Period Ending October 31, 2012 (From May 1, 2012 to October 31, 2012) |
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Operating |
Operating Profits |
Current Profits |
Net Income |
Cash |
Distributions |
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| Period Ending |
Millions of yen (%) |
Millions of yen (%) |
Millions of yen (%) |
Millions of yen (%) |
yen |
yen |
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| October 31, 2012 | 12,608 | (1.3) | 5,335 | (-3.5) | 3,754 | (-3.8) | 3,753 | (-3.8) | 12,300 | 0 | ||||||||||
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(Reference) Forecast Net Income per Unit: JPY12,300 |
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Others |
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| (1) | Changes in Accounting Policies | ||||||
| a. | Changes accompanying revisions in accounting standards | None. | |||||
| b. | Changes excluding a. above | None. | |||||
| c. | Changes in accounting estimate | None. | |||||
| d. | Retrospective restatement | None. | |||||
| (2) | Number of investment units issued | ||||
| a. | The number of investment units issued (including treasury investment units) | ||||
| As of April 30, 2012 | 305,123 | ||||
| As of October 31, 2011 | 305,123 | ||||
| b. | The number of treasury investment units | ||||
| As of April 30, 2012 | 0 | ||||
| As of October 31, 2011 | 0 | ||||
| (Note) | Net income per unit is calculated by dividing net income by the weighted-average number of units outstanding for the respective six-month period. Net income per unit after adjusting for diluted units is not stated because there are no diluted investment units. | |
The forecasts above are based on information currently available to NOF and on a certain condition deemed to be reasonable. The actual results may vary due to many factors. Accordingly, NOF does not guarantee the cash distribution amount identified above.
The information above is excerpt of and translated from Brief Report on
Closing of Accounting Report ("Kessan Tanshin") in Japanese released on
June 15, 2012. To confirm complete information, please refer to the
original.
(Japanese) http://www.nre-of.co.jp/site/file/tmp-q7cqJ.pdf
< About NOF > URL: http://www.nre-of.co.jp/english/
NOMURA OFFICE FUND, INC. (NOF) is listed on the Tokyo Stock Exchange (J-REIT) with the securities code number 8959, managed by Nomura Real Estate Asset Management Co., Ltd. (NREAM) within the Nomura Real Estate Group. The NOF Portfolio consists of office buildings located in the three major metropolitan areas and government-designated cities, etc.
Executive Director: Yuichi Maruko
*Asset Management Company (AM Company): Nomura Real Estate Asset Management Co., Ltd.
*President and Chief Executive Officer of the AM Company: Yasuaki Fukui


