for the 17th FP Asset Management Report

Highlights

Financial Highlights

Key Indicators for the 17th FP

As of December 31, 2025

Statement of Income Data
(million yen)
16th FP 17th FP
(ended December 2025)
Actual Forecast
@Feb.15, 2024
Actual Increase / (Decrease)
(vs Forecast)
Operating revenues 4,514 4,630 4,780 150
Operating income 1,690 1,688 1,857 168
Income before income taxes 1,249 1,387 1,562 174
Net income 1,248 1,386 1,562 175
Distribution per unit
(including distributions in excess of earnings)
3,281 yen 3,230 yen 3,647 yen 417yen
Distributions per unit
(excluding distributions in excess of earnings)
2,908 yen 3,230 yen 3,638 yen 408 yen
Distributions in excess of earnings per unit 373 yen 0 yen 9 yen 9 yen
  • CO2 Reduction (17th FP)
    58,889,368 kg-CO2
  • CO2 Reduction (From Oct 2017 to Jun 2025)
    676,366,781 kg-CO2
  • # of Projects
    35 projects
  • Total Acquisition Price as of the end of 17th FP
    JPY 102.0 Bn
  • Panel output of AUM
    247.5 MW

Track Record of Consistent External Growth

CSIF continues to aim for growth with a new mid-term target of JPY 300 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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Historical and Forecasted Dividend

  • From IPO until the 14th FP, CSIF has maintained stable distributions using distributions in excess of earnings. CSIF announced its new cash management policy after the 14th FP and also acquired its own investment units in the 15th FP and in the 16th FP
  • CSIF plans to continue increasing EPU through strategic cash management in accordance with the market and business conditions.

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* The distribution in excess of earnings recorded in the 15th FP and 17th FP was due to inconsistencies between taxation and accounting relating to the amortization period of construction costs for the CS Mashiki-machi Power Plant, CS Kasama-shi Power Plant and CS Kasama-shi Dai-ni Power Plant.