Accordia Golf Trust posted their 4Q FY 15/16 earning report in summary below.

• Total Distribution per Unit (DPU) for FY 15/16 of 6.63 cents
• Second Distribution of 4.31 cents for FY 15/16
• Operating profit of JPY 8,828 million and Total Distributable income available for distribution was JPY 6,041 million
• Net Asset Value (NAV) stood at SGD $0.89
• Number of visitors to AGT's golf courses in FY 15/16 was 2.1% higher than the previous year

Japan Economy Outlook 1. The number of golf plays in Japan is expected to continue as golf continues to be a healthy leisure activities for the seniors. 2. Inclusion of golf as an Olympic sport in Year 2016 Rio de Janeiro is expected to enhance the popularity of golf in Japan. 3. Year 2020 Tokyo Olympics is expected to have positive impacts on the Japanese economy. Inbound tourism in Japan 1. Estimated ......