Distributions

Actual Distributions

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Actual:February 2022 (40th) Fiscal Period
Distribution per unit JPY 2,284
  • Payment Start Date planned:May 25, 2022.
  • Fiscal period is from September 1, 2021 to February 28, 2022 (for six months).
  • Only unitholders on the register as of the end of February 2022 are eligible to receive distribution. The final trading day with rights at the Tokyo Stock Exchange was February 24, 2022.
 

Distributions Forecast

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Forecast:August 2022 (41st) Fiscal Period
Distribution per unit JPY 2,250
  • The amount actually distributed is subject to fluctuation, and is not guaranteed.
  • Fiscal period is from March 1, 2022 to August 31, 2022 (for six months).
  • Only unitholders on the register as of the end of August 2022 are eligible to receive distribution. The final trading day with rights at the Tokyo Stock Exchange is August 29, 2022.
  • The amount of distribution will be declared in the middle of October 2022.
  • The commencing date of the distribution payment is scheduled in the middle of November 2022.

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 Forecast:February 2023 (42nd) Fiscal Period
Distribution per unit JPY 2,280
  • The amount actually distributed is subject to fluctuation, and is not guaranteed.
  • Fiscal period is from September 1, 2022 to February 28, 2023 (for six months).
  • Only unitholders on the register as of the end of February 2023 are eligible to receive distribution. The final trading day with rights at the Tokyo Stock Exchange is February 24, 2023.
  • The amount of distribution will be declared in the middle of April 2022.
  • The commencing date of the distribution payment is scheduled in the middle of May 2023.

Historical Distribution per unit

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Actual

Forecast

(yen)

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  Aug. 2002 Feb. 2003 Aug. 2003 Feb. 2004 Aug. 2004 Feb. 2005 Aug. 2005 Feb. 2006 Aug. 2006 Feb. 2007
Distribution
per unit
(JPY)
1,656 1,804 1,886 2,114 1,806 1,927 1,966 1,981 2,113 1,966
  Aug. 2007 Feb. 2008 Aug. 2008 Feb. 2009 Aug. 2009 Feb. 2010 Aug. 2010 Feb. 2011 Aug. 2011 Feb. 2012
Distribution
per unit
(JPY)
2,068 1,983 1,966 1,882 1,902 1,723 1,828 1,984 1,629 1,836
  Aug. 2012 Feb. 2013 Aug. 2013 Feb. 2014 Aug. 2014 Feb. 2015 Aug. 2015 Feb. 2016 Aug. 2016 Feb. 2017
Distribution
per unit
(JPY)
1,920 1,934 1,964 2,060 2,082 2,090 2,102 2,100 2,125 2,125
  Aug. 2017 Feb. 2018 Aug. 2018 Feb. 2019 Aug. 2019 Feb. 2020 Aug. 2020 Feb. 2021 Aug. 2021 Feb. 2022
Distribution
per unit
(JPY)
2,147 2,205 2,215 2,215 2,215 2,250 2,250 2,250 2,286 2,284
  Aug. 2022 Feb. 2023 Aug. 2023 Feb. 2024 Aug. 2024 Feb. 2025 Aug. 2025 Feb. 2026 Aug. 2026 Feb. 2027
Distribution
per unit
(JPY)
(2,250) (2,280)                 
*1 As of March 1, 2010, JMF implemented a Four-for-one unit split, and as of March 1, 2021, a Two-for-one unit split of investment units per unit of investment units. Figures for distribution per unit indicated below are adjusted figures, which the actual figures from the August 2002 fiscal year to the February 2010 fiscal year are divided by eight and rounded down to the nearest integer, and that from the August 2010 fiscal year to the February 2021 fiscal year are divided by two and rounded down to the nearest integer, assuming that each unit split took place at the beginning of the August 2002 fiscal year.
*2 Figures of the Forecast are in brackets.

Distributions Policy

In order to maintain our tax treatment available to J-REITs under Article 67-15 of the Special Taxation Measures Act of Japan, or the Special Taxation Measures Act, the Fund must distribute in excess of 90% of our distributable profit as defined in the Special Taxation Measures Act. Our articles of incorporation require that we make cash distributions to our unitholders of at least this amount. If the amount of our profit as defined in our articles of incorporation is 90% or less of our distributable profit as defined in the first clause of Article 67-15 of the Special Taxation Measures Act or we determine it is appropriate to do so, our articles of incorporation permit us to distribute cash to our unitholders in excess of profit as defined in our articles of incorporation up to the amount set forth in laws and regulations, including the standards set by the Investment Trusts Association, Japan. If such maximum amount is still 90% or less of our distributable profit as defined in the Special Taxation Measures Act or we determine it is appropriate to do so, our articles of incorporation further permit us to make distributions in any amount we determine.


Limitation of Cash Distribution

The Investment Corporation is relieved of its duty to pay any cash distributions to a unitholder if three full years have passed from the day of commencing payments without paying to the unitholder.
No interest will accumulate on any unpaid cash distributions.