(REIT) Financial Report for the Fiscal Period ended October 31, 2023
(The 15th Period)
December 15, 2023
Name of REIT issuer:
Security code:
Representative:

MIRAI Corporation
3476
Michio Suganuma, Executive Director

Name of asset manager:
Representative:
Contact:

Mitsui Bussan & IDERA Partners Co., Ltd.
Michio Suganuma, Representative Director, President
Kunihiro Ueda, Executive Director, CFO
TEL: +81-(0)3-6632-5960

Scheduled date for submission of securities report:
Scheduled date for commencing dividend payments:
IR Material:
IR Meeting:Stock exchange listing: Tokyo Stock Exchange
URL: https://3476.jp/en/

January 26, 2024
January 12, 2024

Will be posted on the website
Will be held for institutional investors and securities analysts(Figures are rounded down to the nearest million yen)
1. Performance for the Fiscal Period ended October 2023 (The 15th period from May 1, 2023 to October 31, 2023)(1) Operating Results(% represents change from the previous period)
Operating Revenue
Operating Profit
Ordinary Profit
Net profit
Period ended
Million yen%
Million yen%
Million yen%
Million yen%
Oct. 31, 2023
5,744
(9.0)
2,467
(12.5)
2,160(14.3)
2,153(12.0)
Apr. 30, 2023
6,308
11.3
2,820
8.0
2,521
8.5
2,447
5.3
Net Profit per Unit

Net Profit to Net Assets

Ordinary Profit toTotal Assets

Ordinary Profit toOperating Revenue

Period ended
Yen
%
%
%
Oct. 31, 2023
1,215
2.7
1.2
37.6
Apr. 30, 2023
1,381
3.0
1.5
40.0
(Note) Net profit per unit is calculated by dividing the net income by the day-weighted average number of investment units. (Fiscal
period ended April 30, 2023: 1,771,440 units, Fiscal period ended October 31, 2023: 1,771,440 units)(2) Distributions
Distributions per
Unit

Distributions in
Total
excess ofDistributions inDistributions to(excluding distributions
Payout Ratio
earnings per
excess of
Net Assets(excluding distributions inin excess of earnings)
Unitearnings
excess of earnings)
Period ended
Yen
Million yen
Yen
Million yen%%
Oct. 31, 2023
1,215
2,152
100.0
2.6
Apr. 30, 2023
1,305
2,311
94.4
2.9
(Note 1) Payout ratio = Total distributions (excluding distributions in excess of earnings) / Net profit * 100(Note 2) Distributions to net assets are calculated based on total distributions (excluding distributions in excess of earnings).
Total Distributions(3) Financial Position
Total Asset
Period ended
Oct. 31, 2023
Apr. 30, 2023

Net Asset

Million yen
174,746
174,479

Net Assets to Total Assets

Million yen
81,393
81,077

%
46.6
46.5

Net Assets per Unit
Yen
45,94745,769(4) Cash Flows
Operating Activities
Period ended
Oct. 31, 2023
Apr. 30, 2023

Million yen
2,923
9,851

Investing Activities
Million yen(671)(10,456)－

1－

Cash and Cash Equivalents
at End of Period
Million yen
Million yen(2,314)
5,460
(825)
5,522

Financing Activities

2. Forecasts for the Fiscal Period ending April 2024 (The 16th Period from November 1, 2023 to April 30, 2024) and ending October
2024 (The 17th Period from May 1, 2024 to October 31, 2024)(% represents change from the previous period)
Distributions per Distributions in
Unit (excluding
Operating Revenue Operating Profit
Ordinary Profit
Net Profit
excess of earnings
Distributions in excess
per Unitof earnings)
MillionMillionMillionMillion
%
%
%
%
yen
yen
yen
yen
Apr. 30, 2024
5,861
2.0
2,510
1.8
2,114
(2.1)
2,113
(1.9)
Oct. 31, 2024
6,038
3.0
2,626
4.6
2,261
6.9
2,260
6.9
(Reference) Forecasted net profit per unit (Forecasted net profit / Forecasted unit at end of period)
The Fiscal Period ending April 2024:
Forecasted unit at end of period 1,907,440 units Forecasted net profit per unit 1,108 yen
The Fiscal Period ending October 2024:
Forecasted unit at end of period 1,907,440 units Forecasted net profit per unit 1,185 yen
Period ending

Yen

Yen

1,150
1,185

-

Others(1) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements due tocorrections of errors(i) Changes in accounting policies due to revisions to accounting standards(ii) Changes in accounting policies other than (i)(iii) Changes in accounting estimates(iv) Restatement of prior period financial statements due to corrections of errors

None
None
None
None

(2) Number of investment units issued and outstanding(i) Number of investment units (including treasury units) issued and outstanding at the end of each period
As of Oct. 31, 2023:
1,771,440 units As of Apr. 30, 2023:
1,771,440 units(ii) Number of treasury units issued and outstanding at end of period
As of Oct. 31, 2023:
0 unit As of Apr. 30, 2023:
0 unit* Financial Report is not subject to audit by certified public accountants or audit corporations.
* Explanation on the appropriate use of forecasts and other notes(Note to forward-looking statements)
This document contains forecasts and other forward-looking statements based on the information currently available and on
certain assumptions judged as rational by MIRAI Corporation (hereinafter “MIRAI”), and the actual operating results and so on
may differ significantly from that anticipated by MIRAI due to various factors. Moreover, the forecasts are not intended toguarantee any amount of dividend distribution and distribution in excess of earnings. For notes regarding assumptions underlying
these forecasts, please refer to “Assumptions Underlying Forecasts for the Fiscal Periods Ending April 30, 2024 and October 31,2024” on page 3.

－

2

－

Assumptions Underlying Forecasts for the Fiscal Periods Ending April 30, 2024 and October 31, 2024
Item
Calculation period

Assumptions
・・・

Portfolio assets
・・・
Total number ofinvestment units
issued・・・・Interest-bearing debt
・・・・

Operating revenue
・

・
・

・

Operating expense

・
・

・
・
Non-operating
expenses・・Distributions per unit
(Excluding
distributions in excessof earnings)

・・The Fiscal Period Ending April 2024: November 1, 2023 to April 30, 2024 (182 days)
The Fiscal Period Ending October 2024: May 1, 2024 to October 31, 2024 (184 days)
In addition to the real estate and real estate trust beneficiaries that MIRAI owns (total 42, hereinafter the “Portfolio
assets”), it assumes that MIRAI will acquire “MI Cube Shinsaibashi” on March 1, 2024 (together the “Assets to be
Acquired”). For details of the acquisition, please refer to “Notice Concerning Acquisition of Real Estate Trust
Beneficiaries in Japan (Five Properties including “MI Terrace Hamamatsu”)” dated November 14, 2023.
It assumes that there is no movement of the “Portfolio assets” (acquisition of new assets and/or dispositions of assets)other than the above Assets to be Acquired.
Changes may occur in reality due to changes in the “Portfolio assets”.
It is assumed that total number of investment units outstanding is 1,907,440 units which is comprised of 1,900,940
units outstanding as of today and 6,500 units through third-party allotment.
The number of new investment units to be issued through third-party allotment is assumed as 6,500 units which is the
maximum units to be issued.
Other than described above, no changes in the number of investment units due to any issuances of new units are
assumed until October 31, 2024.
Of the interest-bearing debt of 89,000 million yen as of today. MIRAI assumed that the current portion of long-term
debt of 4,500 million yen that will mature during the fiscal period ending April 30, 2024 and the current portion of
long-term debt of 1,500 million yen that will mature during the fiscal period ending October 31, 2024 would be
refinanced into long-term debt.
It is assumed that long term debt of 2,500 million yen and short term debt of 400 million yen is raised on March 1,2024 in order to fund the acquisition proceeds of the Assets to be Acquired. For detail of the loans, please refer to“Notice Concerning Borrowing of Funds (Including Green Loan)” dated November 14, 2023.
The interest-bearing debt outstanding as of April 30, 2024 and October 31, 2024 is expected to be 91,900 million yen.
The LTV (based on total assets) as of April 30, 2024 and as of October 31, 2024 is expected to be approximately 49%.
The calculation of the LTV (based on total assets) uses the following formula.
LTV (based on total assets) (%) = total amount of interest-bearing debt outstanding / total assets
Lease business revenue from the “Portfolio assets” is calculated primarily by taking into account leasing contracts
effective as of today, trends in the real estate leasing market (vacancy rates, rent levels, etc.) and status of negotiation
with tenants. Revenue from the lease of the Acquisition is calculated primarily by taking into account information on
trends in lease contracts provided by the previous owner, etc., leasing contracts to be effective as of the scheduled dateof the Acquisition, and trends in the real estate leasing market (vacancy rates, rent levels, etc.).
Variable rent generated from the hotels with variable rent (“Smile Hotel Naha City Resort”, “Smile Hotel HakataekiMae” and “Smile Hotel Nagoya-Sakae”) are estimated to be 75 million yen for the fiscal period ending April 30, 2024,
and 92 million yen for the fiscal period ending October 31, 2024.
Expenses for the lease business other than depreciation are based on past records and information provided by theprevious owners, etc. while reflecting other variable factors into consideration.
In principle, the fixed asset tax, city planning tax, and depreciation asset tax (the “Fixed Asset and City Planning
Taxes”) of “Asset to be Acquired” during a fiscal year will be settled on the acquisition date with previous owners inproportion to holding period for the assets. Such costs are to be capitalized without having any impact to profit and/or
loss in the fiscal period of the acquisition. The total amount of the capitalized Fixed Asset and City Planning Taxes on
the Assets to be Acquired in the fiscal period ending October 31, 2024 is estimated to be 13 million yen.
Total repair expenses for buildings are calculated based on the repair plans developed by Mitsui Bussan & IDERA
Partners Co., Ltd., the asset manager of MIRAI and takes into account the engineering reports and appraisal reports,
and are accrued in each fiscal period. It should be noted, however, that the actual repair expenses in each fiscal period
may differ considerably from the estimates, mainly due to urgent repair expenses for any damages of assets arisingfrom unexpected factors, significant yearly fluctuations in the amount of repair expenses and the nature of repair
expenses whereby they do not arise on a regular basis.
Depreciation including incidental expenses is calculated using the straight-line method.
The breakdown of expenses for the lease business is as follows.
Fiscal Period Ending
Fiscal Period Ending
April 30, 2024
October 31, 2024
Outsourcing services:
406 million yen
398 million yen
Utilities expenses:
606 million yen
686 million yen
Taxes and dues:
463 million yen
497 million yen
Repair expenses:
186 million yen
108 million yen
Other expenses for leasing business:
353 million yen
312 million yen
Depreciation:
770 million yen
802 million yen
Other operating expenses (asset management fees, administrative servicing fees, etc.) are estimated to be 564 million
yen for the fiscal period ending April 30, 2024, and 607 million yen for the fiscal period ending October 31, 2024.
Interest expenses and borrowing-related expenses are estimated to be 370 million yen for the fiscal period ending April
30, 2024, and 365 million yen for the fiscal period ending October 31, 2024.
One-off expenses of 26 million yen for the issuance of new investment units that was resolved at the Board of Directors
meeting held on November 14, 2023 are expected for the fiscal period ending April 30, 2024.
Distributions per unit (excluding distributions in excess of earnings) are calculated based on the cash distribution policy
described in the Articles of Incorporation of MIRAI.
For the fiscal period ending April 2024, it is assumed that a total of 2,193 million yen (1,150 yen per unit) will be
distributed, which is the sum of the projected net income of 2,113 million yen and the planned withdrawal of retained
earnings of 80 million yen. After deducting the amount scheduled to be reversed, balance of retained earnings after
distribution are expected to be 56 million yen.
The amount of distributions per unit (excluding distributions in excess of earnings) may fluctuate due to various factors
such as acquisitions and sales of assets, changes in rent income caused by tenant relocations, unexpected repairs
incurred, and interest rate fluctuations.

－

3

－

Item
・

Distributions inexcess of earnings per
unit

Others・・・・Assumptions
Derivatives transactions (interest rate swaps transaction) will be continuously in place during the fiscal periods ending
April 30, 2024 and October 31, 2024. It is estimated that deferred losses on hedges as deduction from net assets (asspecified in Item 30-B, Clause 2, Article 2 of the Calculation Rules for Investment Corporations) is not incurred. It is
calculated based on the assumption that there is no change in the market value of interest rate swaps.
As described above, no change in the amount of deferred losses on hedges as deduction from net assets is assumed in
the fiscal periods ending April 30, 2024 and October 31, 2024, and distributions in excess of earnings related to theallowance for temporary difference adjustment are not scheduled at present.
Distributions in excess of earnings by decreasing unitholders’ capital under taxation are not scheduled at present.
The forecasts assume that no revisions that may impact the above projections will be made to laws and regulations,taxation, accounting standards, listing rules, the rules of the Investment Trust Association, Japan, or others.
The forecasts assume no unforeseeable significant changes in the general economic trends and real estate market
conditions.

－

4

－

3. Financial Statements(1) Balance Sheet(Thousands of yen)
As of April 30, 2023
AssetsCurrent assets
Cash and deposits
Cash and deposits in trust
Operating accounts receivable
Prepaid expenses
Income taxes refund receivable
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Buildings in trust
Accumulated depreciation
Buildings in trust, net
Structures in trust
Accumulated depreciation
Structures in trust, net
Machinery and equipment in trust
Accumulated depreciation
Machinery and equipment in trust, net
Tools, furniture and fixtures in trust
Accumulated depreciation
Tools, furniture and fixtures in trust, net
Land in trust
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Long-term prepaid expenses
Deferred tax assets
Guarantee deposits
Other
Total investments and other assets
Total non-current assets
Deferred assets
Investment corporation bond issuance costs
Total deferred assets
Total assets－

5－

As of October 31, 2023

3,040,495
2,663,616
287,999
151,367
8,414
6,151,893

2,999,870
2,642,403
255,782
138,4603
21
6,036,541

477,586(29,177)
448,409
564
(440)
124
4,770
(516)
4,253
4,235,946
38,577,033(6,162,729)
32,414,304
259,388(68,693)
190,695
232,397(85,174)
147,222358,897(116,743)
242,154
130,149,310
167,832,421

494,930(37,401)
457,528
564
(534)
30
4,770
(755)
4,014
288
(24)
263
4,235,946
39,163,201(6,815,786)
32,347,414
260,160(74,303)
185,857
259,599(93,681)
165,918
400,846(147,650)
253,196130,149,310
167,799,480

14,018231
14,249

11,208231
11,439228,864
6,597
11,006
186,038
432,506
168,279,178

182,918
11,006
659,927
853,851
168,664,772

48,26048,260174,479,332

45,27045,270174,746,584

(Thousands of yen)
As of April 30, 2023
Liabilities
Current liabilities
Operating accounts payable
Distributions payable
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received
Deposits received
Other
Total current liabilities
Non-current liabilities
Investment corporation bonds
Long-term borrowings
Leasehold and guarantee deposits received
Leasehold and guarantee deposits received in trust
Other
Total non-current liabilities
Total liabilities
Net assets
Unitholders' equity
Unitholders' capital
Surplus
Unappropriated retained earnings (undisposed
loss)
Total surplus
Total unitholders' equity
Valuation and translation adjustments
Deferred gains or losses on hedges
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

－

6

－

As of October 31, 2023

781,916
10,7661,500,000
20,000,000
541,9123,740
80,30359,494
687,371
3,218
2,850
23,671,574

739,858
8,517
18,000,000
551,975
1,311
605
81,355698,930
698
5,404
20,088,656

6,200,000
57,800,000
147,499
5,520,440
61,842
69,729,782
93,401,357

6,200,000
61,300,000
147,499
5,499,837
117,168
73,264,506
93,353,162

78,499,868

78,499,868

2,448,202

2,289,760

2,448,202
80,948,070

2,289,760
80,789,628

129,904
129,904
81,077,975
174,479,332

603,792
603,792
81,393,421
174,746,584

(2) Statement of Income and Retained Earnings(Thousands of yen)
For the six-month
period endedApril 30, 2023
Operating revenue
Leasing business revenue
Other leasing business revenue
Gain on sales of real estate properties
Total operating revenue
Operating expenses
Expenses related to leasing business
Loss on sale of real estate properties
Asset management fee
Asset custody fees
Administrative service fees
Remuneration for directors (and other officers)
Other operating expenses
Total operating expenses
Operating income
Non-operating income
Interest income
Gain on forfeiture of unclaimed distributions
Total non-operating income
Non-operating expenses
Interest expenses
Interest expenses on investment corporation bonds
Amortization of investment corporation bond issuance
costs
Borrowing related expenses
Other
Total non-operating expenses
Ordinary income
Net income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Retained earnings brought forward
Unappropriated retained earnings (undisposed loss)

－

7

－

For the six-month
period ended
October 31, 2023

4,652,516
1,028,489
627,957
6,308,963

4,740,629
1,003,523
5,744,152

2,687,067
214,665
466,526
9,291
19,294
3,676
88,4393,488,961
2,820,002

2,702,512
472,932
9,499
23,034
3,676
64,801
3,276,457
2,467,695

25
1,030
1,055

25
957
982

220,462
23,300231,086
23,300

2,990

2,990

49,836
3,000
299,590
2,521,467
2,521,467
80,307(6,597)73,7102,447,757
445
2,448,202

50,811
308,188
2,160,489
2,160,489
605
6,597
7,202
2,153,286
136,473
2,289,760

(3) Statement of Changes in Net Assets
The Fiscal Period ended April 2023 (The 14th period from November 1, 2022 to April 30, 2023)(Thousands of yen)
Unitholders’ equity
Unitholders’ capital
Deduction from unitholders’ capital

Balance at beginning of period

Unitholders’capitalAllowance fortemporarydifference
adjustment

Total deduction
from unitholders’capitalUnitholders’ capital,net

78,499,868(1,771)(1,771)78,498,097

1,771

1,771

1,771

-

1,771

1,771

1,771

78,499,868--

78,499,868

Changes during period
Dividends of surplus
Reversal of allowance for temporary
difference adjustments
Net income
Net changes in items other thanunitholders’ equity
Total changes during period
Balance at end of period(Thousands of yen)
Valuation and translation
adjustments

Unitholders’ equity
Surplus

Balance at beginning of period

Total surplus

Totalunitholders’equityDeferred
gains orlosses onhedgesTotalvaluationandtranslation
adjustments

2,328,117

2,328,117

80,826,214

201,852

201,852(2,325,900)(2,325,900)(2,325,900)(2,325,900)(1,771)(1,771)--

2,447,757

2,447,757

2,447,757

2,447,757

Unappropria
ted retained
earnings(undisposed
loss)

Total net
assets81,028,066

Changes during period
Dividends of surplus
Reversal of allowance fortemporary difference
adjustments
Net income
Net changes in items otherthan unitholders’ equity
Total changes during period
Balance at end of period(71,947)(71,947)(71,947)

120,085

120,085

121,856(71,947)(71,947)

49,9082,448,202

2,448,202

80,948,070

129,904

129,904

81,077,975

－

8

－

The Fiscal Period ended October 2023 (The 15th period from May 1, 2023 to October 31, 2023)(Thousands of yen)
Unitholders' equity
Surplus
Unitholders' capital
Balance at beginningof period
Changes during
periodDividends ofsurplus

Unappropriated retained
earnings (undisposed
loss)

78,499,868

2,448,202

2,448,202

80,948,070(2,311,729)(2,311,729)(2,311,729)

2,153,286

2,153,286

2,153,286-(158,442)(158,442)(158,442)

78,499,868

2,289,760

2,289,760

80,789,628

Net income
Net changes in
items other thanunitholders' equity
Total changes during
periodBalance at end of
periodTotal unitholders' equity
Total surplus(Thousands of yen)
Valuation and translation adjustments
Total valuation and translation
adjustments

Deferred gains or losses on hedges
Balance at beginningof period
Changes during
periodDividends ofsurplus129,904

129,904

81,077,975(2,311,729)

Net income
Net changes in
items other thanunitholders' equity
Total changes during
periodBalance at end of
periodTotal net assets

2,153,286
473,888473,888473,888473,888473,888

315,446

603,792

603,792

81,393,421

－

9

－

(4) Distribution Information(Yen)
Fiscal Period ended April 2023
(The 14th period from November 1, 2022
to April 30, 2023)
Ⅰ

Unappropriated retained earnings(undisposed loss)
Ⅱ
Distributions[Distributions per unit]
Ⅲ
Retained earnings to be carried forward(retained loss)
Method of calculation of distributions

Fiscal Period ended October 2023
(The 15th period from May 1, 2023
to October 31, 2023)

2,448,202,434

2,289,760,022

2,311,729,200[1,305]

2,152,299,600[1,215]

136,473,234

137,460,422

In accordance with the distribution policy set
forth in Article 36 (1) of the Articles ofIncorporation of MIRAI, the distribution
amount is to exceed 90% of the distributable
income of MIRAI as stipulated in Article 67.15
Paragraph (1) of the Act on Special Measures
Concerning Taxation. Based on this policy,
considering that 413,292,461 yen of gain/loss
on sales of real estate properties was generated,
136,473,234 yen is retained internally tostabilize future distributions per unit, and
2,311,729,200 yen, which is the total amount of
unappropriatedretainedearnings
after
deduction of the amount equivalent to internal
reserves, as distributions from earnings, will be
paid as distribution (exclusive of distributions inexcess of earnings).

In accordance with the distribution policy set
forth in Article 36 (1) of the Articles ofIncorporation of MIRAI, the distribution
amount is to exceed 90% of the distributable
income of MIRAI as stipulated in Article 67.15
Paragraph (1) of the Act on Special Measures
Concerning Taxation. Based on this policy,
distributions from retained earnings (excluding
distributions in excess of earnings) The amountof 2,152,299,600 yen, which is the amount of
unappropriated retained earnings for the fiscal
period less the amount of 136,473,234 yenretained prior to the previous period due to gains
on sales of real estate, etc., and excluding
fractions of less than one yen per investment
unit, is to be distributed as distributions from
earnings.

－

10

－

(5) Statement of Cash Flows(Thousands of yen)
For the six-month
period endedApril 30, 2023
Cash flows from operating activities
Net income before income taxes
Depreciation
Amortization of investment corporation bond issuance
costs
Interest income
Interest expenses
Decrease (increase) in operating accounts receivable
Decrease (increase) in prepaid expenses
Increase (decrease) in operating accounts payable
Increase (decrease) in accounts payable - other
Increase (decrease) in accrued consumption taxes
Increase (decrease) in advances received
Decrease (increase) in long-term prepaid expenses
Decrease in property, plant and equipment in trust due
to saleOther, net
SubtotalInterest received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of property, plant and equipment in trust
Proceeds from leasehold and guarantee deposits
received
Refund of leasehold and guarantee deposits received intrust
Proceeds from leasehold and guarantee deposits
received in trust
Payments for restricted bank deposits held in trust
Proceeds from restricted deposits held in trust
Other payments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Distributions paid
Other payments
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

－

11

－

For the six-month
period ended
October 31, 2023

2,521,467
682,796

2,160,489
709,471

2,990

2,990

(25)
243,762(28,178)(5,785)42,759(6,722)(203,173)
20,295
13,166(25)
254,386
32,217
12,907(8,625)
10,063
21,86011,55945,946

6,818,443-(8,692)
10,093,103
25(241,179)(605)
9,851,344

7,706
3,260,948
25(256,815)(80,307)2,923,850(29,483)(10,539,241)(26,811)(623,921)

4,261

-

(371,903)(115,036)

482,044

94,433(0)(1,805)(10,456,128)(182,000)
182,103(671,233)

1,500,000
7,000,000(7,000,000)(2,325,609)(219)(825,828)(1,430,613)
6,952,622
5,522,009(1,500,000)
5,000,000(3,500,000)(2,313,021)(1,331)(2,314,352)(61,735)
5,522,009
5,460,273