Earnings Call Transcripts

  Shintaro Ono: Ladies and gentlemen, my name is Shintaro Ono, CEO of Mitsui Fudosan Frontier REIT Management. Now, I'd like to start my presentation on Frontier Real Estate Investment Corporation's Financial Results for the 38th Fiscal Period Ended in June 2023.   On Page 13 of the investor presentation, you will find the summary of the financial results. The first bullet point outlines the DPU for three fiscal periods. Far left is the DPU for the 38th period ended in June 2023, which marked ¥11,109. This is drop by ¥13 compared to the 37th period, but ¥119 higher than the forecast of ¥10,990 announced in February.   The deeper you forecast for the 39th and the 40th period is shown on the right. The DPU for the current 39th period ending in December 2023 is projected at ¥10,500. And for the 40th period ending in June 2024, we have announced a DPU guidance of ¥10,640.   Next. The second bullet point highlights our initiatives to strengthen the portfolio....

  Taizou Ishiguro: Thank you, everyone, for gathering here today despite it’s late in the evening here in Japan and at the busy time of the year with many earnings announcement colliding in a day. Ishiguro from the IR team of Tokio Marine Holdings. I would now like to begin the telephone conference on Tokio Marine Holdings fiscal 2021 third quarter results and revision of full year projections that was announced today.   We are going to be proceeding in a following manner. Our Group CFO, Mr. Yuasa, will be giving a brief presentation on the highlights of today’s announcement using the material posted on our website. After that, we will receive questions from the participants.   Before starting this conference call, I have a disclaimer to make. What we are about to present, we may include business projections and forecast based on information and assumptions available today. These projections and forecasts include risks and uncertainties. Please note that actual results m...