Issuer Ichigo Green Infrastructure Investment Corporation (9282) 1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo Representative: Mami Nagasaki, Executive Director Asset Management Company Ichigo Investment Advisors Co., Ltd. Representative: Wataru Orii, President Inquiries: Hiroto Tajitsu, Head of Administration Tel: +81-3-3502-4854
Earnings and Dividend Forecasts for the June 2017
and June 2018 Fiscal Periods Ichigo Green Infrastructure Investment Corporation (“Ichigo Green”) hereby announces its earnings and dividend forecasts for the June 2017 and June 2018 fiscal periods.
Earnings and Dividend Forecasts (Reference) Forecast number of shares outstanding and EPS: June 2017 (7 months) 53,180 shares, JPY 763 December 2017 (6 months) 53,180 shares, JPY 524 June 2018 (12 months) 53,180 shares, JPY 1,428 * This is the half-term forecast for the June 2018 fiscal period. Ichigo Green has an annual fiscal period running from July to June. Because there is no regulatory framework in Japan for Investment Corporations to pay dividends at half-term, Ichigo Green therefore pays an annual dividend once a year. The annual dividend results both in lower administrative costs and a dividend that is not impacted by seasonal changes in solar power generation (as a semi-annual dividend would be). (Note 1) While Ichigo Green’s fiscal period normally is from July to June, its first period runs from the day it was founded on June 24, 2016 to September 30, 2016. Its second period runs from October 1, 2016 to June 30, 2017. Ichigo Green's actual operating timeframe during the second period is from December 1, 2016, the day of the asset acquisitions, to June 30, 2017.
The forecasts presented above for the June 2017 and June 2018 fiscal periods are based on certain preconditions set out below in "Preconditions for the June 2017, December 2017, and June 2018 Earnings Forecasts." The preconditions are subject to change due to such factors as future acquisitions and dispositions of renewable energy power plants, changes in the Tokyo Stock Exchange (“TSE”) Infrastructure Fund market, fluctuations in interest rates, the issuance of additional shares, and changes in other factors related to Ichigo Green. The actual operating revenue, operating profit, recurring profit, net income, dividend per share (excluding the dividend in excess of
earnings, which is this period’s net profit minus JPY 4 million of loss brought forward from the previous period, will be paid as dividend. Ichigo Green will make a forecast revision should there be a substantial discrepancy between the forecast and actual operating results. Fractions are rounded off to the nearest full unit. * Distribution of this material: the Kabuto Club, the press club of the Ministry of Land, Infrastructure, Transport, and Tourism, and the press club for construction industry newspapers at the Ministry of Land, Infrastructure, Transport, and Tourism.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding earnings and dividend forecasts for the June 2017 and June 2018 fiscal periods by Ichigo Green, and has not been prepared for the purpose of solicitation of investment.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding earnings and dividend forecasts for the June 2017 and June 2018 fiscal periods by Ichigo Green, and has not been prepared for the purpose of solicitation of investment.
Disclaimer:  This translation is for informational purposes only. If there is any discrepancy between the Japanese version and the English translation, the Japanese version prevail. This document is an English translation of a press release for public announcement regarding earnings and dividend forecasts for the June 2017 and June 2018 fiscal periods by Ichigo Green, and has not been prepared for the purpose of solicitation of investment.