For Immediate Release For Translation Purposes Only

January 8, 2014

Japan Excellent, Inc. (TSE: 8987) Hidehiko Ogawa, Executive Director

Asset Management Company:

Japan Excellent Asset Management Co., Ltd.

Representative:

Chifumi Toda, President

Contact:

Wataru Hasegawa

General Manager, Corporate Planning Dept.

TEL: +81-3-5412-7911

Notice Concerning Operating Forecasts for the Fiscal Periods Ending June 30, 2014 and December 31, 2014

Japan Excellent, Inc. ("JEI" or the "Investment Corporation") announced today its revised operating forecasts for the sixteenth fiscal period (from January 1, 2014 to June 30, 2014), which had been previously released on November 21, 2013. The Investment Corporation also announced its seventeenth fiscal period (from July 1,

2014 to December 31, 2014).

1. Revised Operating Forecasts for the Sixteenth Fiscal Period Ending June 30, 2014

Total revenue

(mm yen)

Operating income

(mm yen)

Ordinary income

(mm yen)

Net income

(mm yen)

Distributions per Unit (Yen) (excluding Distributions in

Excess of Earnings)

Distributions in Excess of Earnings per Unit (Yen)

Previous forecasts

© Publicnow - 2014
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