23rd Oct 2014 07:00
23 October 2014
Japan Residential Investment Company Limited
(the "Company")
Update on Net Asset Value
Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey registered company established to make and hold investments in residential property in Japan.
The Net Asset Value ("NAV") for the Company as of 31 August 2014 (unaudited) was 59.0 pence per share (¥102.0 per share) compared to 58.9 pence per share (¥100.5 per share) as at 31 May 2014. This NAV reflects an increase of 0.9 pence from underlying profit which was partially offset by decreases of 0.7 pence due to net foreign exchange losses and 0.1 pence from net loss on fair value adjustments. The calculation of NAV is based on the most recent external valuation of investment properties as at 31 May 2014.
The NAV in Sterling is determined using the Yen: Sterling exchange rate of JPY172.762, which was the prevailing rate as at 31 August 2014 (31 May 2014: JPY170.509).
Enquiries:
KK Halifax Management Limited Manager
| Edward Barrow | +65 6593 8904 |
KK Halifax Asset Management Investment Adviser
| Alec Menikoff | +81 (0)3 5563 8771 |
Smith & Williamson Corporate Finance Limited Nominated Adviser
| Azhic Basirov David Jones | +44 (0)20 7131 4000 |
Jefferies Hoare Govett Joint Broker
| Sara Hale Max Jones | +44 (0)20 7029 8000 |
Liberum Capital Limited Joint Broker
| Richard Bootle | +44 (0)20 3100 2222 |
Related Shares:
JRIC.L