Second Fiscal Period Results(July 1, 2002 - December 31, 2002)

February 28, 2003

This document contains a translation of selected information described in the Financial Report(Kessan Tanshin) dated February 28, 2003 prepared under the timely disclosure requirements of
the Tokyo Stock Exchange, as well as the Financial Statements and Performance Information
Report prepared pursuant to the Investment Trust Law of Japan, for the period from July 1,
2002 to December 31, 2002 of Japan Prime Realty Investment Corporation (“JPR”).
This English language document was prepared solely for the convenience of and reference by
non-Japanese investors and is not intended to constitute a disclosure document. The Japanese
language Financial Report, Financial Statements and Performance Information Report for the
aforementioned period should be referred to as the originals of this document.
English translations for legal, accounting, tax and business concepts used herein may not convey
precisely identical concepts of the equivalent Japanese terms. With respect to any and all terms
herein, including without limitation, financial statements, if there exist any discrepancies in themeaning or interpretation thereof between the original Japanese documents and English
documents contained herein, the original Japanese documents will govern the meaning andinterpretation. Neither JPR, Tokyo Realty Investment Management, Inc. nor any of theirrespective directors, officers, employees, partners, unitholders, agents or affiliates will be
responsible or liable for the completeness, appropriateness or accuracy of English translations or
the selection of the portion(s) of any document(s) translated into English. No person has beenauthorized to give any information or make any representations other than as contained in thisdocument in relation to the matters set out in this document, and if given or made, suchinformation or representation must not be relied upon as having been authorized by JPR,
Tokyo Realty Investment Management, Inc. or any of their respective directors, officers,
employees, partners, unitholders, agents or affiliates.
The financial statements of JPR have been prepared in accordance with generally accepted
accounting principles in Japan (Japanese GAAP), which may materially differ in certain respects
from generally accepted accounting principles in other jurisdictions.
Many provisions of this document contain information that constitutes forward-looking
statements. These forward-looking statements are not a guarantee of future performance andinvolve risks and uncertainties, and actual results may differ materially from those in the forwardlooking statements as a result of various factors.
Contact Information:
Tokyo Realty Investment Management, Inc.
Investor Relations Group
Takeshi Maki+813-3516-1606

1

1.

Summary of Second Fiscal Period Results (July 1, 2002 - December 31, 2002)

Results of Operations(yen in millions except for EPS)

Operating
Revenues

Operating Profits

Recurring Profits

Net Income

12/31/2002

4,972

2,288

2,002

2,001

6/30/2002

4,469

1,948

738

737

Recurring<Reference> Recurring Profits/<Reference>
Profits/Total(Annualized) Operating Revenues(Annualized)
AssetsEPS

Net Income/NAV*

12/31/2002

6,912

3.4%

(6.8%)

1.9%(3.8%)

40.3%

6/30/2002

4,449

1.7%

(2.7%)

0.9%(1.4%)

16.5%(Notes)1.

The fiscal period ended June 30, 2002 covered a 290-day period commencing September 14, 2001. The actual
investment period however was 227 days from November 16, 2001 to June 30, 2002.

2.

EPS is calculated based on the average number of units for each period as follows:

Fiscal period ended December 31, 2002
Fiscal period ended June 30, 2002

289,600 units
165,635 units (weighted average number during period of
actual investment days)

The balance of investment units issued as of June 30, 2002 was 289,600 unit. EPS for the period was ¥2,545.
3.

NAV = Total Net Assets = Unitholders’ Equity

4.

No changes in accounting standards were applicable for the period under review.

5.

Net income/NAV and recurring profits/total assets for the period ended June 30, 2002, are calculated based on
the actual investment days from November 16, 2001 to June 30, 2002, the average of unitholders’ equity andtotal assets as of the beginning and end of the period.

6.

Annualized result =For the period ended June 30, 2002
For the period ended December 31, 2002

Actual result/Actual investment days (227 days) x 365 days
Actual result/Actual investment days (184 days) x 365 days

2

Cash Distributions(yen in millions except for DPS )Total
Distributions in
Excess ofEarnings

Dividend
per Unit

Distribution
AmountDistributions in
Excess ofEarnings per
Unit

12/31/2002

6,912

2,001

-

-

99.9%

3.4%

6/30/2002

2,545

737

-

-

99.9%

1.3%

Dividend
Payout Distribution/NAV
Ratio(Note) Figures are rounded down by the first decimal point.

Financial Condition(yen in millions except for NAV per Unit)

Total Assets

NAV

NAV Ratio

NAV per Unit

12/31/2002

106,578

58,98355.3%

203,673

6/30/2002

103,955

57,71955.5%

199,306(Note) Units outstanding as of June 30, 2002: 289,600 units, December 31, 2002: 289,600 units32.

Second Fiscal Period Highlights

Market Environment
Overall demand in Japan’s market for leased office space during the six-month period ended
December 31, 2002 weakened owing to accelerated corporate restructuring and integration. The
year-on-year vacancy factor for December 2002 for all of Japan’s major cities deteriorated withgrowing concern over the so-called “Year 2003 problem”—which refers to an expected
increase in supply of new large-scale buildings, particularly in Tokyo’s. CBDs. The acquisitionand sale of office buildings is impacted by a number of factors. The supply of office buildings is
expected to increase with the write-off of bad debts, the implementation of impairment
accounting, and the disposal of real estate. On the demand side, excluding certain prime
properties in Tokyo’s CBDs, an increasingly selective investment trend for city office space anda drop in competition for regional properties is forecast.
Acquisitions
Against this backdrop, the Company strove to improve the balance of its portfolio and todiversify its asset holdings by geographical location. In the period under review, the Company
acquired or increased its ownership in three properties: in the adjoining areas of Tokyo, theCompany acquired 50% of the Shinyokohama 2nd Center Building for an investment of ￥920
million; acquired 100% of the SK Hiroshima Building in Hiroshima for ￥947 million; andincreased its ownership to 69.9% in the Shin-Kojimachi Building located in the Tokyo inner-cityarea for ￥550 million. As of December 31, 2002, the Company has an asset portfolio of 27
buildings with a total leasable floor space of 168,987.78 square meters leased to 311 tenants.
Shinyokohama 2nd Center Building
Location:
Acquired:
Acquisition Price:
Ownership of the Building:Site Area(1):Total Floor Area(1):Leasable Area(1):Structure:
Completion:

19-5, Shinyokohama 3-chome, Kouhoku-ku, Yokohama, Kanagawa
September 25, 2002
￥920 million
50% (co-ownership)
841.71m2 (420.86m2 )
7,781.93m2(3,890.97m2 )
5,280.80m2 (2640.40m2 )Above ground: 12 floors
Below ground: 2 floors
August 1991

(1) JPR’s portion in parenthesis

4

SK Hiroshima Building
Location:
Acquired:
Acquisition Price:
Ownership of the Building:Site Area:
Total Floor Area:
Leasable Area:
Structure:
Completion:

7-1, Mikawacho, Naka-ku, Hiroshima, Hiroshima
October 4, 2002
￥947 million
100%
502.41m2
4,268.70m2
2,748.26m2
Above ground: 9 floors
Below ground: 1 floor
December 1989

Shin-Kojimachi Building
Location:
Acquired:
Acquisition Price:
Ownership of the Building:Site Area(1):Total Floor Area(1):Leasable Area(2):Structure:
Completion:(increase in ownership)

3-3, Kojimachi 4-chome, Chiyoda-ku, Tokyo
November 21, 2002
￥550 million
69.9% (after additional purchase of 20.9%)
657.80m2 (459.92 m2)
5,152.98m2 (2,951.56 m2)
3,006.80m2
Above ground: 9 floors
Below ground: 1 floor
October 1984

(1)JPR’s portion after additional unit acquisition in parenthesis(2)JPR’s portion after additional unit acquisition

Debt Financing
The balance of total outstanding borrowings as of June 30, 2002 was ￥37.0 billion with aninterest-bearing liabilities ratio(1)of 39.4%, interest-bearing liabilities to total assets ratio(2) of 35.6%,
and a medium- to long-term interest-bearing liabilities ratio(3) of 94.6%. For the 2nd period
ended December 31, 2002, the Company held bank borrowings to ￥1.93 billion primarily inshort-term debt due to concerns over the financing costs of additional property acquisitions
identified above. As a result, the balance of total outstanding borrowings as of December 31,
2002 was ￥38.93 billion with an interest-bearing liabilities ratio of 40.6%, an interest-bearing
liabilities to total assets(4) ratio of 36.5% and a medium- to long-term interest-bearing liabilities(5)ratio of 89.9%.

5

(Notes)(1)

Interest-bearing liabilities ratio (%) = Interest-bearing liabilities / (Interest-bearing liabilities +Unitholder’s equities) x 100(Unitholder’s equities: ￥56, 982 million)(2)

Interest-bearing liabilities to total assets ratio (%) = Interest-bearing liabilities / Period- end total assets x
100(Total assets as of June 30, 2002: ￥103,955 million)(3)

Medium- to long-term interest-bearing liabilities ratio (%) = Medium- to long-term interest-bearing
liabilities / interest-bearing liabilities x 100
Medium- to long-term interest-bearing liabilities are interest-bearing liabilities with terms more than
one year.
(Medium- to long-term interest-bearing liabilities as of June 30, 2002: ￥35,000 million)(4)

Total assets as of December 31, 2002: ￥106,578 million(5)

Medium- to long-term interest-bearing liabilities as of December 31, 2002: ￥35,000 million

63.

Third Fiscal Period Forecasts (January 1, 2003 - June 30, 2003)(yen in millions except for DPS)

6/30/2003

Operating
Revenues

Recurring Profits

Net Income

DPS

Exceeding Profit
Distribution per
Unit

4,895

1,753

1,752

6,050

-

Forecasted EPS: ￥6,050(Note)
The above-mentioned forecasts are based on “Assumptions for the Third Fiscal Period Forecast (from January 1,
2003 to June 30, 2003)” in the Financial Report as described below. Actual results will be subject to market
conditions, and the forecasts do not guarantee any cash distribution amounts.

Assumptions for the Third Fiscal Period Forecast(from January 1, 2003 to June 30, 2003)
Item

Assumption

Calculation period

From January 1, 2003 to June 30, 2003 (181 days).

Properties owned

Investment unit issued

Interest-bearing liabilities ratio

Medium- to long-term interestbearing liabilities ratio
Operating costs and expenses

Cash distribution

As of December 31, 2002 the Company owned 27 properties (the increase in ownership in
the Shin-Kojimachi Building is not included as an addition to the number of properties
owned).
Actual numbers may change due to the acquisition or sale of properties.
Calculations assume 289,600 investment units issued and outstanding as of June 30,
2003, maintaining the current level.
The following formula is used for the interest-bearing liabilities ratio presented in the table:
Interest-bearing liabilities ratio = Interest-bearing liabilities / (Interest-bearing liabilities +Unitholders’ equity) X 100
We anticipate an interest-bearing liabilities ratio of 40.6% as of December 31, 2002.
Forecasts assume this level will be maintained until the end of the third fiscal period.
Medium- to long-term interest-bearing liabilities ratio was 89.9% as of December 31, 2002.
Forecasts assume this level will be maintained until the end of the third fiscal period.
Property tax and city planning tax are charged to the owner on January 1, and it is generalpractice to prorate these taxes with the previous owner for properties acquired between
January 1 and December 31. In such cases, the tax amount paid is included in theacquisition price for the property.
Forecasts assume the distribution of an amount in excess of 90% of earnings available for
distribution, limited to the amount of profit. Forecasts also assume that there will be no
distribution in excess of profit.

7

Japan Prime Realty Investment Corporation
Statements of Income

Account Title
Operating Revenues
Rental revenues
Other rental revenues
Operating Expenses
Property management expenses and fees
Utility charges
Property and other taxes
Insurance expenses
Repairs and maintenance
Other operating expenses
Property Net Operating Income (NOI)
Depreciation
Property NOI after Depreciation
Administrative expenses
Asset management fees
Other administrative expenses
Operating Profits

2nd Period(July 1, 2002 –Dec. 31, 2002)
4,972,930
4,568,143
404,786
1,484,112
593,768
444,611
336,957
34,261
52,39922,112(yen in thousands)
1st Period(Sept. 14, 2001 –%ChangeJune 30, 2002)
4,469,426
11.3%
4,219,368
250,058
1,319,155
12.5%
560,287
275,461
336,808
29,99699,12017,481

3,488,818
823,336
2,665,482
377,338
236,635
140,7032,288,143

3,150,271
800,941
2,349,330
400,465
218,047
182,418
1,948,863

Non-Operating Revenues
Interest received
Other non-operating revenues

13,168
1,092
12,075

8,545
867
7,677

Non-Operating Expenses
Interest expense
Loan related expenses
Organization expenses
New unit-issuance costs
Unit-listing expenses
Other non-operating expenses

298,463
274,087
19,392---4,983

1,218,813
367,388392,872
45,180186,289
227,083
0

Recurring Profits
Income Before Income Taxes
Income Taxes
Net Income

2,002,848
2,002,848
1,051
2,001,797

738,594738,594
1,522
737,071

8

10.7%
13.4%

17.4%

171.2%

171.6%

Japan Prime Realty Investment Corporation
Balance Sheets

Assets(yen in thousands)
Account Title

2nd Period(as of Dec. 31, 2002)

Current Assets
Cash and bank deposits
Entrusted cash and deposits
Rental receivables
Consumption tax refundable
Prepaid expenses
Deferred tax assets
Other current assets
Total Current Assets
Fixed Assets
Property and equipment
Buildings
Entrusted buildings
Entrusted structures
Machinery and equipment
Entrusted machinery and equipment
Entrusted tools, furniture and fixtures
Land
Entrusted land
Entrusted construction in progress
Accumulated depreciation
Total Property and Equipment
Investments and Others
Leasehold and security deposits
Long-term prepaid expenses
Total Investments and Others
Total Fixed Assets
Total Assets

9

1st Period(as of June 30, 2002)% Change

2,146,711
10,011,149
60,093
98,84221
2,692
12,319,511

878,094
9,964,383
38,458596,493
74,37932
5,842
11,557,683

6.6%

629,684
45,057,409
2,714
11,226969,280873
325,392
48,849,915
11,928(1,624,275)
94,234,147

44,305,940
824
940,725
47,924,512(800,379)
92,371,622

2.0%

10,10014,70224,802
94,258,949
106,578,461

10,00016,665
26,66592,398,287
103,955,970(7.0%)
2.0%
2.5%

Japan Prime Realty Investment Corporation
Balance Sheets

Liabilities(yen in thousands)
Account Title

2nd Period(as of Dec. 31, 2002)

Current Liabilities
Trade accounts payables
Short-term borrowings
Other payables
Accrued expenses
Accrued income taxes
Rents received in advance
Other current liabilities
Total Current Liabilities
Non-Current Liabilities
Long-term borrowings
Leasehold and security deposits received
Entrusted leasehold and security deposits received
Total Non-Current Liabilities
Total Liabilities
Unitholders’ Equity
Unitholders’ capital, 5,000,000 units authorized,
and 289,600 units issued
Retained earnings
Total Unitholders’ Equity
Total Liabilities and Unitholders’ Equity

10

1st Period(as of June 30, 2002)% Change

434,006
3,930,000
264,849
7,296
822
339,236
79,9585,056,170

708,2022,000,000
436,971
7,633
1,381
336,543
372,773
3,863,505

30.9%

35,000,000
128,196
7,410,257
42,538,453
47,594,623

35,000,000
7,373,393
42,373,393
46,236,899

0.4%
2.9%

56,982,000

56,982,000

2,001,837
58,983,837
106,578,461

737,071
57,719,071
103,955,970

2.2%
2.5%

Japan Prime Realty Investment Corporation
Statements of Cash Flows
2nd Period
Account Title(July 1, 2002 –Dec. 31, 2002)(yen in thousands)
1st Period(Sept. 14, 2001 –June 30, 2002)

Cash Flows from Operating Activities
Income before income taxes
Depreciation
Interest income
Interest expense
Rent receivables
Consumption tax refundable
Prepaid expenses
Trade and other payables
Accounts payable
Accrued taxes
Rents received in advance
Other payables
Long-term prepaid expenses
Other current assets/liabilities
SubtotalInterest received
Interest paid
Income taxes paid
Net cash provided by operating activities

2,002,848
823,336(1,092)
274,087(21,635)
596,493(24,463)(274,196)(207,368)(5,632)
2,692(287,182)
5,112
2,882,999
1,092(274,424)(1,599)2,608,067

738,594
800,941(867)
367,388(38,458)(596,493)(74,379)
708,202436,971
47,402
336,543
325,371(16,665)(5,842)
3,028,709
867(359,755)(173)
2,669,648

Cash Flows from Investing Activities
Purchases of property and equipment
Purchases of entrusted property and equipment
Payment of leasehold and security deposits received
Proceeds from leasehold and security deposits received
Payment of entrusted leasehold and security deposits received
Proceeds from entrusted leasehold and security deposits received
Payment of leasehold and security deposits
Net cash used in investing activities(966,303)(1,719,557)(7,673)
135,870(234,488)
271,352(100)(2,520,900)(93,172,563)(148,757)
7,522,151(10,000)(85,809,170)

Cash Flows from Financing Activities
Proceeds from short -term borrowings
Repayment of short-term borrowings
Proceeds from long -term borrowings
Repayment of long-term borrowings
Proceeds from issuance of units
Distributions to unitholders
Net cash provided by financing activities
Net Increase in Cash and Cash Equivalents
Cash and Cash Equivalents at beginning of Period
Cash and Cash Equivalents at end of Period

1,930,000(701,784)
1,228,215
1,315,382
10,842,478
12,157,861

43,000,000(41,000,000)
40,000,000(5,000,000)
56,982,000
93,982,000
10,842,478
10,842,478

11

Japan Prime Realty Investment Corporation
JPR Selected Portfolio Data as of December 31, 2002

Area

Tokyo
CBDs

Type

Property Name

Location

Acquired

OfficeOfficeOfficeKanematsu Bldg.
Kanematsu Annex
Yasuda-Life Ningyocho Bldg.

Chuo-ku, Tokyo
Chuo-ku, Tokyo
Chuo-ku, Tokyo

Dec. 2001
Dec. 2001
Nov. 2001

OfficeShin-Kojimachi Bldg.

Chiyoda-ku, Tokyo

Nov. 2001
Nov. 2002

Crest Yasuda Bldg.

Chiyoda-ku, Tokyo

Jun. 2002

Nov. 2001

2,927

3.1%

2,805

Nov. 2001

10,20010.8%

10,850RetailTsurumi fuga 1

Nov. 2001

3,040

3.2%

3,120

OfficeYasuda-Life Ikebukuro Bldg.

Jun. 2002

2,040

2.2%

2,040

OfficeShinyokohama 2nd Center Bldg.

Sumida-ku, Tokyo
Chiba, Chiba
Yokohama,
Kanagawa
Nishitokyo, Tokyo
Yokohama,
Kanagawa
Toshima-ku, Tokyo
Yokohama,
Kanagawa

Nov. 2001
Dec. 2001

RetailArca East
JPR Chiba Bldg.
Asahi-Life Yokohama Nihon Odori
Bldg.
Tanashi ASTA

Sep. 2002

920

1.0%

1,080

OfficeOfficeOfficeOfficeSubtotal
Niigata Ekinan Center Bldg.
Yasuda-Life Osaka Bldg.
Yasuda-Life Tenroku Bldg.
Tokyo Tatemono Honmachi Bldg.

Niigata, Niigata
Osaka, Osaka
Osaka, Osaka
Osaka, Osaka

Nov. 2001
Dec. 2001
Nov. 2001
Nov. 2001

27,357
2,140
8,300
418
4,150

28.9%
2.3%
8.8%
0.4%
4.4%

28,315
2,190
8,330
514
4,160

OfficeAsahi-Life Takamatsu 2nd Bldg.

Takamatsu, Kagawa

Nov. 2001

872

0.9%

831

JPR Takamatsu Bldg.
Takamatsu, Kagawa
Yasuda-Life Hakata Bldg.
Fukuoka, Fukuoka
Asahi-Life Fukuoka 3rd/4th Bldg. Fukuoka, Fukuoka
Yasuda Life Naha Bldg.
Naha, Okinawa
North 33 Bldg.
Sapporo, Hokkaido
Park East Sapporo
Sapporo, Hokkaido
Sompo Japan Sendai Bldg.
Sendai, Miyagi
Wakayama,
OfficeSompo Japan Wakayama Bldg.
Wakayama
OfficeTenjin 121 Bldg.
Fukuoka, Fukuoka
Hiroshima,
OfficeSK Hiroshima Bldg.
Hiroshima
Subtotal
Total

Dec. 2001
Nov. 2001
Nov. 2001
Nov. 2001
Jun. 2002
Jun. 2002
Jun. 2002

2,130
2,900
2,873
1,560
3,700
2,150
3,150

2.3%
3.1%
3.0%
1.6%
3.9%
2.3%
3.3%

1,740
2,738
2,854
1,600
3,690
2,360
3,270

Jun. 2002

1,670

1.8%

1,690

Jun. 2002

2,810

3.0%

2,820

Oct. 2002

947

1.0%

1,011

39,77094,59742.0%
100.0%

39,79894,413

OfficeSubtotal
OfficeOfficeGreater
Tokyo

Other
CitiesAppraisal
Acquisition
Value as of
Price% of Total Dec.31, 2002
(yen in(yen inmillions)
millions)
16,27617.2%
15,600
2,874
3.0%
2,680
2,100
2.2%
1,990
1,670
1.8%
2,260
550
0.6%
2,220
2.3%
4,000
4.2%
3,770
27,47029.0%26,300
5,880
6.2%
6,050
2,350
2.5%
2,370

OfficeOfficeOfficeOfficeOfficeOfficeOfficeOffice12Japan Prime Realty Investment Corporation
JPR Portfolio Selected Data as of December 31, 2002

Area

Tokyo
CBDs

84.1%
96.3%
100.0%
77.6%

535,861
112,247
109,872
77,917
6,937
84,854
144,059
986,893372,335
155,023

10.8%
2.3%
2.2%
1.6%
0.1%
1.7%
2.9%
19.8%
7.5%
3.1%

5

73.5%

135,677

2.7%

31,121.71

1100.0%

672,182

13.5%

Leased Area

# of
Tenants

Occupancy(%)

OfficeOfficeOfficeKanematsu Bldg.
Kanematsu Annex
Yasuda-Life Ningyocho Bldg.
Shin-Kojimachi Bldg.

11
1
4
8
3
11
5
32
4
22

97.5%
100.0%
100.0%

Office7,757.74
2,291.13
2,777.68
2,105.44
901.36
3,006.80
2,747.15
18,580.50
7,050.10
4,310.43
4,452.00

Crest Yasuda Bldg.
Subtotal

OfficeOfficeOther
Cities% of
Total

Property Name

OfficeGreaterTokyo

RentalRevenue(yen in thousands)

Type

100.0%

RetailArca East
JPR Chiba Bldg.
Asahi-Life Yokohama Nihon Odori
Bldg.
Tanashi ASTA

RetailTsurumi fuga 1

9,578.60

1

100.0%

153,278

3.1%

OfficeYasuda-Life Ikebukuro Bldg.

2,860.88

7

63.2%

91,0591.8%

OfficeShinyokohama 2nd Center Bldg.

2,640.40

11

100.0%

38,9130.8%

Subtotal
OfficeNiigata Ekinan Center Bldg.

62,014.12
5,206.88

51
18

93.2%
100.0%

1,618,467
133,529

32.5%
2.7%

OfficeYasuda-Life Osaka Bldg.

9,588.16

20

100.0%

354,747

7.1%

OfficeYasuda-Life Tenroku Bldg.

2,395.12

6

100.0%

59,538

1.2%

OfficeTokyo Tatemono Honmachi Bldg.

7,210.25

11

100.0%

271,398

5.5%

OfficeAsahi-Life Takamatsu 2nd Bldg.

1,971.08

18

78.3%

57,386

1.2%

OfficeJPR Takamatsu Bldg.

3,628.68

18

71.7%

110,477

2.2%

OfficeYasuda-Life Hakata Bldg.

5,865.97

25

89.3%

158,911

3.2%

OfficeAsahi-Life Fukuoka 3rd/4th Bldg.

7,765.72

15

92.3%

215,594

4.3%

OfficeYasuda Life Naha Bldg.

3,736.07

13

94.7%

116,186

2.3%

OfficeNorth 33 Bldg.

6,303.43

15

94.9%

221,499

4.5%

OfficePark East Sapporo

6,708.83

19

87.7%

190,151

3.8%

OfficeSompo Japan Sendai Bldg.

7,046.45

10100.0%

205,924

4.1%

OfficeOfficeSompo Japan Wakayama Bldg.
Tenjin 121 Bldg.

4,734.59
2,862.52

16
9

96.8%
87.0%

125,921116,658

2.5%
2.3%

OfficeSK Hiroshima Bldg.

2,151.92
77,175.67
157,770.29

15
228
311

78.8%
92.8%
93.4%

29,6372,367,556
4,972,930

0.6%
47.6%
100.0%

OfficeSubtotal
Total(Note) Figures less than ￥1,000 have been omitted. Totals may not add due to rounding.

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