Investor Presentaiton

9 Income statement Description Fiscal Period ended Jun. 30, 2017 (22nd Period) (Jan. 1, 2017-Jun. 30, 2017). Fiscal Period ended Dec. 31, 2017 (23rd Period) (Jul. 1, 2017-Dec. 31, 2017) Difference (Unit: amount of money (mn. yen), ratio (%)) Details of rent revenue (mn. yen) (%) (mn. yen) 1. Operating revenue Rent revenue real estate 8,025 100.0 7,610 (%) 100.0 (mn. yen) (%) Rent revenue 5,630 -414 -5.2 6,825 6,962 CAM revenue 1,124 Other lease business revenue Dividends income 535 510 107 138 Parking revenue 207 Loss on disposal of property 557 2. Operating expenses. 4,875 60.7 4,627 60.8 -247 -5.1 Expenses related to rent business 3,924 3,879 Loss on disposal of property 225 Details of expenses related to rent business Asset management fee 585 624 Asset custody fee 5 5 Property 851 Administrative service fees Directors' compensations Other operating expenses Operating income 3. Non-operating income 33 33 management fees 6 8 94 76 Utilities expenses 719 3,150 1 39.3 0.0 2,983 39.2 -167 -5.3 Real Estate taxes 594 2 0.0 1 94.9 Interest income Reversal of distribution payable Other Interest on refund 4. Non-operating expenses Interest expenses OHO 0 1 0 OTTO 0 Insurance premiums 11 1 1 Repair expenses 367 0 623 7.8 584 7.7 -38 -6.3 Depreciation 1,256 409 399 Corporate bonds interest. Borrowing related expenses 10 16 141 139 Other lease business expenses 77 Amortization of bond issuance costs Amortization of investment units issuance cost 3 4 20 23 Other Ordinary income Extraordinary income 39 30 2,527 31.5 2,400 5 31.5 0.1 -126 -5.0 Gain on donation of fixed assets Income before income taxes Income taxes Income taxes - current 5 2,527 0 31.5 0.0 2,406 0 0 0 Income taxes deferred 0 0 Net income 2,527 31.5 2,405 31.6 -121 -4.8 Retained earnings brought forward 0 0 0 26.1 Unappropriated retained earnings (undisposed loss) 2,527 2,405 -121 -4.8 31.6 169 LO -121 -4.8 0.0 -2.5 MCUBS MidCity Investment Corporation

View entire presentation