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Kenedix Office offers earnings guidance

Tokyo-based Kenedix Office Investment Corp. issued earnings guidance for two fiscal six-month periods.

For the period ending Oct. 31, the company expects its operating revenues and operating income to reach ¥15.33 billion and ¥7.05 billion, respectively. Ordinary income and net income are each projected to come in at roughly ¥6.00 billion for the period.

For the six months ending April 30, 2019, Kenedix Office's operating revenues and operating income are estimated to total approximately ¥15.09 billion and ¥7.02 billion, respectively. Ordinary income and net income are each forecast at nearly ¥5.96 billion, according to a release.

The company expects to distribute ¥13,200 per unit for each of the two periods.

As of May 11, US$1 was equivalent to ¥109.40.