Translation
May 14, 2014

Sekisui House SI Investment Corporation
Financial Report for the Fiscal Period ended March 31, 2014

Head Office:Stock Exchange Listing:
URL:Inquiries:

Tokyo
Tokyo Stock Exchange (code number 8973)
http://www.shsi-reit.co.jp/
Makoto Asamoto
Sekisui House SI Asset Management, Ltd. (Asset Management Company)
General Manager, Administration+81-3-5215-8973

Name:
Title:
TEL:

Planned date of submissionof the Securities Report:
Planned commencement date ofdistribution payment:

June 26, 2014
June 16, 2014
(Note: Figures rounded down to nearest million yen)

1. Performance for the Fiscal Period ended March 31, 2014 (October 1, 2013 to March 31, 2014)(1) Operating Results*Percentages indicate changes over the previous fiscal period.
Operating Revenue

Operating Income

Ordinary Income

Net Income

Million yen％*

Million yen％*

Million yen％*

Million yen％*

Fiscal period ended
March 31, 2014

4,952

5.6

2,242

2.9

1,767

5.0

1,765

5.0

Fiscal period ended
September 30, 2013

4,688

16.1

2,179

14.2

1,684

17.3

1,681

17.3

Net Income
per Unit
Fiscal period ended
March 31, 2014

Return on Unitholders’Equity (ROE)

Ordinary Income onTotal Assets

Ordinary Income on
Operating Revenue

Yen％％％

2,212

2.5

1.2

35.7

Fiscal period ended
2,144
2.6
1.2
35.9
September 30, 2013
Note : Sekisui House SI Investment Corporation implemented a five-for-one split of investment units with the effective date of April 1,2014. “ Net
Income per Unit” is calculated on the assumption that this split of investment units was implemented at the start of the period ended September30, 2013.

(2) Distributions
Distributionper Unit

Total
Distributions

Distribution in
Excess ofEarnings per Unit

Total
Distributions in
Excess ofEarnings

DistributionRatio toNet Assets

Payout Ratio

YenMillion yen

YenYen％％Fiscal period ended
March 31, 2014

11,062

1,76500100.0

2.5

Fiscal period ended
September 30, 2013

10,5371,681

0099.92.4

Note 1: The payout ratio is rounded down to the first decimal place.
Note 2: The payout ratio for the fiscal period ended September 30, 2013 is calculated by the following formula as new investment units were issued:
Payout Ratio = Total Distributions ÷ Net Income × 100

1This translation is for informational purpose only. If there is any discrepancy between the Japanese version and theEnglish translation, the Japanese version shall prevail.

(3) Financial Position
Total Assets

Unitholders’ Equity to
Total Assets

Net Assets

Net Assets per Unit

Million yen

Million yen%Yen

156,878

70,05944.7

87,791

Fiscal period ended
March 31, 2014

Fiscal period ended
148,871
69,97647.0
87,686
September 30, 2013
Note : Sekisui House SI Investment Corporation implemented a five-for-one split of investment units with the effective date of April 1,2014. “NetAssets per Unit” is calculated on the assumption that this split of investment units was implemented at the start of the period ended September30, 2013.

(4) Cash Flow Position
Cash Flows fromOperating Activities

Cash Flows from
Investing Activities

Cash Flows from
Financing Activities

Cash and Cash
Equivalents at the End ofthe Period

Million yen

Million yen

Million yen

Million yen

Fiscal period ended
March 31, 2014

3,270

△11,211

6,071

7,616

Fiscal period ended
September 30, 2013

4,928

△16,677

13,9629,486

2. Forecast of Results for the Fiscal Period ending September 2014 (April 1, 2014 to September 30, 2014)*Percentages indicate changes over the previous fiscal period.
OperatingRevenue
Millionyen

Fiscal period ended
September 30, 2014

5,588

Operating
Income％*

12.8

Millionyen

2,466

Ordinary
Income％*10.0

Millionyen

1,942Net
Income％*

9.9

Millionyen

1,940

Distribution
per Unit

Distribution in
Excess ofEarnings per Unit

％*

Yen

Yen

9.9

2,1200

Reference: Estimated net income per unit for the fiscal period ending September 30, 2014: 2,152yen

Explanation concerning the Proper Use of the Forecast of Results and Other Issues to be Noted
Descriptions with regard to future issues including the forecast of operating results are based on the current information
held by the Sekisui House SI Investment Corporation and certain assumptions deemed reasonable. The actual operating
results may materially differ from the forecast for various reasons. The forecast is not intended to assure the amount of
distributions to investors.

2This translation is for informational purpose only. If there is any discrepancy between the Japanese version and theEnglish translation, the Japanese version shall prevail.