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Full Year 2019 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript
Good afternoon, everyone. I am Uchida, Executive Manager of the Investor Relations department. I will present Mitsui Fudosan's Fiscal 2018 Results.
I will discuss the results in more detail later, but at a high level, Mitsui Fudosan reported year-on-year increases in revenues and profits, with revenues rising JPY 110 billion year-on-year, operating income up JPY 16.2 billion and profits attributable to the owners of the parent up JPY 12.7 billion in the fiscal year ending March 2019.
The company achieved new record highs for revenues, operating income, ordinary income and profit attributable to the owners of the parent. Furthermore, in the interest of improving capital efficiency, in addition to maintaining a stable dividend, Mitsui Fudosan will buy back shares for the second consecutive year.
In line with the total shareholder return target level of around 35% of profit attributable to the owners of the parent, Mitsui Fudosan will raise its full year dividend per share by JPY 4 to
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