2. About Daiwa Office
  3. Top Message

Top Message

Seiya Miyamoto
Daiwa Office Investment Corporation
Executive Director of Daiwa Office Investment Corporation
Seiya Miyamoto

To Our Investors

In the 32nd Fiscal Period, DOI posted operating revenues of 13,882 million yen and operating income of 7,351million yen. Our distribution per unit for the 32nd Fiscal Period is have been maintained at 14,000yen, the same amount as the 31st fiscal period, with a reversal of the equivalent of 102yen from retained earnings.

Average contract rent at the end of the 32nd Fiscal Period was 20,473 yen. Rent revisions contributed to a 1 million yen increase in monthly contracted rents from the end of the previous fiscal period, which was a 7.1% rate of increase for average monthly rent. Furthermore, the rate of increase for average monthly rent stood at 2.4% due to replacement of tenants, and the occupancy rate was 97.8%. We will realize sustainable internal growth through the thorough implementation of the hands-on approach that continuously applies “Bonji-Tettei” as the code of conduct.

During the 32nd Fiscal Period, DOI acquired Kandabashi PR-EX (acquisition price: 1,970 million yen).
DOI will continue to improve the value of its portfolio through investment management of selected office properties located in the five central wards of Tokyo.

In financial matters, DOI promoted diversification of repayment dates by taking out long-term borrowings. DOI will continue striving to further strengthen its financial structure while working to reduce future refinancing risks.

DOI will continue to increase the competitiveness of its properties and aim to achieve its medium- to long-term goal of continuous growth through leveraging borrowing capacity backed by robust financial base, while increasing long-term EPS (net income after deducting gain on sales of properties). We wish our unitholders continued success and ask for your continued support of DOI.