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13 Oct 2015 14:15
13 October 2015
Japan Residential Investment Company Limited
(the "Company")
Update on Net Asset Value
Japan Residential Investment Company Limited (AIM: JRIC) is a closed-ended Guernsey incorporated company established to make and hold investments in residential property in Japan.
The Net Asset Value ("NAV") for the Company as of 31 August 2015 (unaudited) was 58.0 pence per share (¥107.9 per share) compared to 56.3 pence per share (¥106.8 per share) as at 31 May 2015. This NAV reflects increases of 0.8 pence from underlying profit and 1.1 pence of net foreign exchange gains which was offset by decreases of 0.1 pence from net loss on fair value adjustments and 0.1 pence from loss on one-time adjustments. The calculation of NAV is based on the most recent external valuation of investment properties as at 31 May 2015.
The NAV in Sterling is determined using the Yen: Sterling exchange rate of JPY186.014, which was the prevailing rate as at 31 August 2015 (31 May 2015: JPY189.840).
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 Max Jones +44 (0)20 7029 8000
Liberum Capital Limited
Joint Broker Richard Bootle +44 (0)20 3100 2222
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