Full Year 2021 Mitsui Fudosan Co Ltd Earnings Presentation Transcript

May 18, 2021 / NTS GMT

Release Date Price: €6.37 (+3.80%)

Transcript

Retsu Togashi

I am Retsu Togashi, Executive Managing Officer. I will briefly present the results for the fiscal year ended March 2021. I will start with a summary of the consolidated profit and loss statement.

We were able to exceed our most recent forecast for operating revenue, operating income and net profit attributable to the owners of the parent. Operating revenues increased JPY 101.9 billion year-on-year, hitting a new record high as well as surpassing JPY 2 trillion for the first time. This was mainly the result of posting a new record high in operating revenues from Property Sales to Investors, strong domestic sales of residential properties and good progress on handovers as well as revenue growth in the office leasing business.

In contrast, operating income declined JPY 76.8 billion year-on-year. The key

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