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.