Japan Prime Realty Investment Corporation

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Financial Statements

as of December 31, 2023

(Thousands of Yen)

43rd Fiscal Period
(Jan. 1, 2023 –
Jun. 30, 2023)		 44th Fiscal Period
(Jul. 1, 2023 –
Dec. 31, 2023)
Cash flows from operating activities
Income before income taxes 8,099,253 7,357,502
Depreciation and amortization 2,046,014 2,058,858
Amortization of investment corporation bond issuance costs 14,518 13,935
Amortization of investment unit issuance expenses 9,490 7,259
Interest income △193 △190
Interest expenses 722,772 728,538
Decrease (increase) in operating accounts receivable △1,643 △133,169
Decrease (increase) in consumption taxes receivable △13,604 13,604
Decrease (increase) in prepaid expenses 6,274 △8,303
Increase (decrease) in operating accounts payable 102,426 △33,261
Increase (decrease) in accounts payable-other △104,943 △56,739
Increase (decrease) in accrued consumption taxes △316,877 183,664
Increase (decrease) in advances received △12,500 31,106
Decrease in property, plant and equipment in trust due to sale 3,265,600 －
Other, net △31,163 △149,798
Subtotal 13,785,422 10,013,007
Interest income received 193 190
Interest expenses paid △728,366 △723,922
Income taxes (paid) refund △607 △604
Net cash provided by (used in) operating activities 13,056,642 9,288,670
Cash flows from investing activities
Purchase of property, plant and equipment △6,968,920 △681,284
Purchase of property, plant and equipment in trust △7,399,017 △704,368
Purchase of intangible assets △13,909 －
Payments of lease and guarantee deposits △5,790 △18,089
Repayments of tenant leasehold and security deposits △169,936 △217,838
Proceeds from tenant leasehold and security deposits 625,641 178,421
Repayments of tenant leasehold and security deposits in trust △636,540 △145,181
Proceeds from tenant leasehold and security deposits in trust 573,633 348,830
Net cash provided by (used in) investing activities △13,994,840 △1,239,510
Cash flows from financing activities
Proceeds from short-term loans payable 5,500,000 －
Repayment of short-term loans payable － △5,500,000
Proceeds from long-term loans payable 7,000,000 18,500,000
Repayment of long-term loans payable △8,000,000 △13,000,000
Redemption of investment corporation bonds △2,000,000 －
Dividends paid △7,726,854 △7,577,854
Net cash provided by (used in) financing activities △5,226,854 △7,577,854
Net changes in cash and cash equivalents △6,165,052 471,304
Cash and cash equivalents at beginning of current period 45,506,457 39,341,405
Cash and cash equivalents at end of current period 39,341,405 39,812,709