Investor Presentaiton
Asset Management Company Remuneration Methods (After March 1, 2023)
Agreement
For each operation period, the average amount of the total appraisal value of assets at
Remuneration the end of the settlement period under review and the total appraisal value of assets at
Method 1 the end of the previous settlement period shall be multiplied by up to 0.2%, being the
percentage determined by the Board of Management meeting, multiplied by one half.
The amount shall be derived by multiplying the result of dividing profit before deducting
Management fee 2 in each business period by the total number of investment units
outstanding in each Accounting Period (rounded off to the nearest yen) by the rate of
up to 0.0012% determined by the Board of Directors.
Remuneration Profit before Management fee 2 is the amount derived by adding amortization of
Method 2 goodwill to and subtracting gains on negative goodwill incurred from profit before
income taxes calculated pursuant to corporate accounting standards generally deemed
fair and appropriate in Japan (before subtracting Management fee 2 and non-deductible
consumption tax and other dues applicable to Management fee 2), after adding the
total amount of any loss carried forward.
Remuneration
Method 3
Remuneration
Method 4
In the event MTR acquires specified assets stipulated in the agreement, the rate of
remuneration shall be a set percentage of the acquisition price of each property
(excluding consumption tax, local consumption tax and transaction-related expenses),
as listed below.
For acquisitions up to ¥15 billion, remuneration is 0.4% of the amount
- For acquisitions from ¥15 billion to ¥30 billion, remuneration is 0.1% of the amount
For acquisitions above ¥30 billion, remuneration is 0.05% of the amount
In the event MTR transfers specified assets stipulated in its agreement, the rate of
remuneration shall be 0.05% of the transfer amount of each asset transferred
(excluding consumption tax, local consumption tax and transaction-related expenses).
Calculation rate
for remuneration
0.15%
(Note 1)
0.0006%
(Note 2)
Refer to left
column
Calculation method
(Total appraisal value of assets at relevant fiscal
period-end + Total appraisal value of assets at prior
fiscal period-end)
2 x 0.15% x 1/2
Profit per unit x Profit x 0.0006%
Total amount of the acquisition price percentage
listed in the left column
Refer to left
Transfer amount x 0.05%
column
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