Investor Presentaiton
JPR
Balance Sheet as of the End of the 21st Fiscal Period
Interest-bearing debt ratio, which rose to 53.2% at end of the 21st fiscal period, is projected to decrease to 48.5% after
the add-on offering
(JPY mn)
1. Balance of interest-bearing debt
20th Fiscal Period
21st Fiscal Period
Change
as of Dec. 31, 2011
as of Jun. 30, 2012
Unsecured loans payable
Amount
%
Amount
%
Amount
%
Secured loans payable
Current assets
27,171
7.5%
25,075
6.3%
-2,096
-7.7%
Cash and deposits
13,647
3.8%
12,750
3.2%
-897
-6.6%
Unsecured investment corporation bonds
Total
End of 20th Period End of 21st Period
111,505 143,581
(JPY mn)
Change
32,076
51,500
163,005
51,500
195,081
32,076
Cash and deposits in trust
13,132
3.6%
11,910
3.0%
-1,221
-9.3%
Other current assets
391
Noncurrent assets
333,357
Property, plant and equipment
Real estate
Buildings and structures
0.1%
92.4%
328,084 91.0%
151,009 41.9%
44,361 12.3%
Land
106,648 29.6%
Real estate in trust
177,074 49.1%
414
370,795 93.6%
365,368 92.3%
150,681 38.0%
44,012 11.1%
106,669 26.9%
214,686 54.2%
0.1%
23
6.0%
37,438
11.2%
37,284
11.4%
-327
-0.2%
-348
-0.8%
2. Interest-bearing debt ratio, etc.
Interest-bearing debt ratio (Note 1)
Interest-bearing debt to total assets (Note 2)
Interest-bearing debt to total assets
End of 20th Period End of 21st Period Change (p)
48.8%
53.2%
4.5
45.2%
49.3%
4.1
15 &
21
37,612
0.0%
21.2%
(including unrealized gains or losses) (Note 3)
47.6%
52.2%
4.7
Long-term fixed-rate interest-bearing debt ratio (Note 4)
76.1%
75.3%
-0.7
Buildings and structures
56,583 15.7%
55,807
14.1%
Land
120,491
33.4%
158,879
40.1%
-776
38,388
-1.4%
Intangible assets
4,801
1.3%
4,800
1.2%
-1
31.9%
-0.0%
(Note 1) Interest-bearing debt/ (Interest-bearing debt + Unitholders' capital)
(Note 2) Interest-bearing debt/Total assets at end of period
Leasehold rights
4,794
1.3%
4,794
1.2%
-
(Note 3) Interest-bearing debt/ (Total assets at end of period + Gains or losses from real estate valuation)
(Note 4) Long-term fixed-rate interest-bearing debt(*) / Interest-bearing debt
Other intangible assets
Investments and other assets
7
0.0%
5
0.0%
-1
472
0.1%
627
0.2%
155
-16.7%
32.9%
(*) Total amount of long-term fixed-rate debt with over 1 year to maturity
3. Cash and deposits Status
Others
Lease and guarantee deposits
Deferred assets
Investment corporation bond issuance costs
49
0.0%
49
0.0%
End of 20th Period End of 21st Period
(JPY mn)
Change
422
0.1%
577
0.1%
155
36.7%
Cash and deposits
169
0.0%
146
0.0%
-23
169
0.0%
146
0.0%
-23
Total assets
360,699
100.0%
396,017
100.0%
35,318
Current liabilities
43,210
12.0%
54,346 13.7%
11,136
-13.8%
-13.8%
9.8%
25.8%
Tenant leasehold and security deposits (except tenant leasehold and security deposits) (Note)
(Note) Amount equivalent to leasehold deposits released from tenants (4,000 million yen at end of 20th period and 7,500
million yen at end of 21st period) is excluded.
26,780
13,859
24,660
11,197
-2,119
-2,661
4. Commitment line status
Accounts payable - other
2,434
0.7%
3,875
1.0%
1,440
59.2%
End of 20th Period End of 21st Period
(JPY mn)
Change
Advances received
1,759
0.5%
2,328
0.6%
568
32.3%
Credit limit (total)
28,000
28,000
Short-term loans payable
12,400
3.4%
20,600
5.2%
8,200
66.1%
Outstanding debt
Current portion of long-term loans payable
Current portion of investment corporation bonds
17,616
4.9%
18,543
4.7%
927
5.3%
Unused commitment line
28,000
28,000
9,000
2.5%
Noncurrent liabilities
Tenant leasehold and security deposits
Long-term loans payable
Investment corporation bonds
Total liabilities
Unithoders' capital
Surplus
Total unitholders' equity
Total liabilities and unitholders' equity
141,848 39.3%
17,859 5.0%
81,489 22.6%
42,500 11.8%
185,058 51.3%
171,339 47.5%
4,300 1.2%
175,640 48.7%
360,699 100.0%
9,000 2.3%
165,635 41.8%
18,697 4.7%
104,438 26.4%
42,500 10.7%
219,981 55.5%
171,339 43.3%
4,696 1.2%
176,035 44.5%
396,017 100.0%
Lenders
23,787
838
22,949
16.8%
4.7%
28.2%
Mizuho Corporate Bank, Resona Bank, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and
Banking, Sumitomo Mitsui Banking, Aozora Bank and Mizuho Trust & Banking
5. Investment unit status
34,923
18.9%
395
395
35,318
9.2%
Total number of units outstanding (units) (Note)
Net assets per unit (yen)
End of 20th Period End of 21st Period
Change
715,000
245,651
715,000
246,204
553
0.2%
9.8%
(Note Total number of units outstanding is projected to be 825,000 units, adding the 101,420 units newly issued via add-on
offering in July 2012 and the 8,580 units (maximum) newly issued through third-party allotment in August 2012 in
association with the over-allotment option.
(Note) Amounts have been rounded down to the nearest specified unit and percentages have been rounded to the first decimal place.
Japan Prime Realty Investment Corporation
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