for the 13th FP Asset Management Report

Highlights

Financial Highlights

Key Indicators for the 13th FP

As of December 31, 2023

Statement of Income Data (million yen) 12th FP 13th FP
(ended Dec. 2023)
Actual Forecast@
Aug.17, 2023
Actual Increase / (Decrease)
(vs Forecast)
Operating revenues 3,452 4,472 4,537 65
Operating income 1,156 1,665 1,846 181
Income before income taxes 1,003 1,148 1,386 238
Net income 1,003 1,147 1,385 238
Distribution per unit
(including distributions in excess of earnings)
3,750 yen 3,750 yen 3,750 yen -
Distributions per unit
(excluding distributions in excess of earnings)
2,595 yen 2,539 yen 3,067 yen 528yen
Distributions in excess of earnings per unit 1,155 yen 1,211 yen 683 yen (528) yen
  • CO2 Reduction (13th FP)
    55,735,463 kg-co2
  • CO2 Reduction (From Oct 2017 to Dec 2023)
    454,770,522 kg-co2
  • # of Projects
    31 PV Facilities
  • Total Acquisition Price
    JPY 97.0 bin
  • Panel Output of AUM
    226.4 MW

Track Record of Consistent External Growth

CSIF continues to aim for growth with a new mid-term target of JPY 200 billion yen in asset size, while diversifying its portfolio with a focus on solar power plants, of which the Canadian Solar Group has expertise.

Track Record of Consistent External Growth and Target of asset size (acquisition price basis)

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Track Record of Consistent External Growth and Target of asset size (acquisition price basis)
(Note)The term “valuation price ”refers to the intermediate value of power plants whose property numbers in the Asset List on page 8-9 are S-01 through S-18 estimated by CSIF, based on the valuations of power plants at the end of Dec. 2023 calculated by PricewaterhouseCoopers Sustainability LLC. As for power plants S-19 through S-30, “valuation price” is the median value calculated by Kroll, LLC at the end of Dec. 2023, and for power plant S-31, “valuation price ” is estimated by CSIF, based on the valuations of power plants at the end of Dec. 2023 calculated by Japan Real Estate Institute.

Historical and Forecasted Dividend

Since its listing, CSIF has offered a stable dividend and achieved steady increases in dividends.
The fourth increase in distributions is expected.

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Historical and Forecasted Dividend
(Note)Figures for the 14th~16th Fiscal Period are forecasts and are subject to change. They do not represent guaranteed distribution amounts.