Mitsubishi Estate Co (TSE:8802) Construction In Progress : 円394,023 Mil (As of Dec. 2023)

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What is Mitsubishi Estate Co Construction In Progress?

Mitsubishi Estate Co's quarterly construction in progress declined from Jun. 2023 (円398,737 Mil) to Sep. 2023 (円368,689 Mil) but then increased from Sep. 2023 (円368,689 Mil) to Dec. 2023 (円394,023 Mil).

Mitsubishi Estate Co's annual construction in progress increased from Mar. 2021 (円272,751 Mil) to Mar. 2022 (円309,930 Mil) and increased from Mar. 2022 (円309,930 Mil) to Mar. 2023 (円373,025 Mil).

Mitsubishi Estate Co Construction In Progress Historical Data

The historical data trend for Mitsubishi Estate Co's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mitsubishi Estate Co Construction In Progress Chart

Mitsubishi Estate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Construction In Progress

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195,387.00

252,403.00

272,751.00

309,930.00

373,025.00

Mitsubishi Estate Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															360,010.00	373,025.00	398,737.00	368,689.00	394,023.00

Mitsubishi Estate Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Mitsubishi Estate Co (TSE:8802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (TSE:8802) » Definitions » Construction In Progress

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MITEY:USA MITEF:USA

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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