Kenedix Reports Consolidated Financial Results for the First Quarter of 2007.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, May 10, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Kenedix, Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). 1: 4321), a leading real estate financial advisor and asset manager, has announced consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: results for the first quarter through March 31, 2007. 1. Consolidated Financial Results (Jan. 1, 2007 - Dec. 31, 2007)
(millions of yen)
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Q1 Ended Change Q1 Ended Change FY Ended Change
03/31/07 YoY % 03/31/06 YoY % 12/06 YoY %
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Operating Results
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Revenue 7,756 16.1 6,683 168.3 27,044 93.7
Operating Income 5,463 4.6 5,222 231.0 18,637 103.9
Ordinary Income 4,385 (9.9) 4,866 269.9 16,461 102.9
Net Income 2,586 (4.9) 2,719 250.0 9,015 89.5
EPS (basic)(yen) 9,059.95 9,633.45 31,750.48
EPS (diluted)(yen) 8,244.46 9,550.30 30,625.34
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Financial Position
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Total Assets 293,388 139,841 158,147
Net Assets 47,324 30,869 39,794
Equity Ratio 13.7% 22.1% 23.5%
Net Assets
per Share (yen) 140,433.39 109,306.05 130,380.08
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Cash Flows
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Net Cash from
Operating Activities (36,609) (25,310) (2,900)
Net Cash from
Investing Activities (26,061) (2,040) (8,894)
Net Cash from
Financing Activities 62,578 29,945 28,283
Cash and Cash Equivalents
at End of Period 36,947 21,783 37,074
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2. Forecast of Consolidated Income for the Year Ending Dec. 2007 (Jan. 1, 2007 - Dec. 31, 2007)
(millions of yen)
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Interim Full year
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Revenue 19,400 31,700
Operating Income 12,500 18,800
Net Income 6,300 10,000
Net Income per Share (Yen) 17,389.91
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* The above forecast is based on information available to us as of May 10, 2007. The actual results are affected by various factors and may differ substantially. About Kenedix, Inc. Kenedix, founded in April 1995, initially introduced and promoted real estate auctions to Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and investors and financial institutions. Today, the Kenedix Group is an organization advanced in a broad range of real estate services and finance. The Group's overall goal is to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. returns on investments, accomplished by leveraging the Group's comprehensive research skills and extensive knowledge of the real estate business to accurately analyze an·a·lyze v. 1. To examine methodically by separating into parts and studying their interrelations. 2. To separate a chemical substance into its constituent elements to determine their nature or proportions. 3. and evaluate trends in a constantly changing market. Kenedix is working to become one of Japan's most prominent real estate asset managers, while building a highly stable and profitable corporate group. For more information, please visit www.kenedix.com. Source: Kenedix, Inc. Contact: Kenedix, Inc. Taiji Yoshikawa Chief Financial Officer +81-3-3519-2530 http://www.kenedix.com/eng/index.html Japan Corporate News Network. All rights reserved. |
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