Mitsubishi Estate Co., Ltd. Provides Consolidated Earnings Guidance for the Full Fiscal Year Ended March 31, 2022
May 13, 2021 at 02:00 am EDT
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Mitsubishi Estate Co., Ltd. provided consolidated earnings guidance for the full fiscal year ended March 31, 2022. For the year, the company expected revenue from operations of JPY 1,326,000 million, operating income of JPY 245,000 million, income before taxes and special items of JPY 220,000 million profit attributable to owners of parent of JPY 142,000 million and EPS of JPY 106.70.
Mitsubishi Estate Co., Ltd. specializes in development, promotion and management of real estate assets. Net sales (including intragroup) break down by activity as follows:
- management and operation of office buildings and shopping centres (55.2%);
- development, management and operation of residentials and condominiums (27.6%);
- real estate asset management (3.2%);
- other (5.2%): primarily hotel and airport management, real estate services (real estate brokerage, leasing, parking management, etc.) and engineering and construction of civil infrastructure.
The remaining net sales (8.8%) are from international real estate management and operation activities.
MITSUBISHI ESTATE CO., LTD. 
