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Orix Jreit Inc Announces Unit Split and Partial Change to Article of Incorporation; Lowers Year-end Dividend Forecast and Reaffirms Outlook for Fiscal Period Ending August 31, 2013


Thursday, 17 Jan 2013 01:00am EST 

Orix Jreit Inc announced that it has decided to split one unit into five units, effective March 1, 2013. After the unit split, the total units outstanding will become 1,422,170. The Company has received approval from the shareholders meeting to make partial change to its article of incorporation. Based on change to article six, the Company will increase total number of authorized units from 2,000,000 units to 10,000,000 units. The Company also has lowered its year-end dividend forecast from JPY 10,800 per unit to JPY 2,160 per unit, for the fiscal period ending August 31, 2013. The Company has reaffirmed its outlook for revenue of JPY 11,963 million and net profit of JPY 3,071 million, for the fiscal period ending August 31, 2013. 

Company Quote

139700.0
-500.0 -0.36%
12:57am EDT