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Japan Prime expects weaker performance in H2

Japan Prime Realty Investment Corp. forecasts lower earnings for the second half of 2017, compared to the six months ended June 30.

Net income is expected to drop 3% to ¥6.66 billion, while operating income is projected to dip 2.2% to ¥7.58 billion. Operating revenue is expected to fall 0.3% to ¥15.07 billion.

Distribution per unit for the period is estimated at ¥7,220.

As of Aug. 11, US$1 was equivalent to ¥109.06.