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Hoshino Resorts expects better interim financial results

Hoshino Resorts REIT Inc. expects its net income and ordinary income for the six-month period ending April 30, 2018, to rise 25.7% over its June estimates to about ¥2.60 billion.

The company's operating revenue for the period, meanwhile, is expected to increase by 17.8% to roughly ¥5.52 billion.

As of Oct. 11, US$1 was equivalent to ¥112.28.