Mitsubishi Estate Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2021
August 06, 2021 at 02:00 am EDT
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Mitsubishi Estate Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2021. For the quarter, the company reported revenue from operations of JPY 307,402 million against JPY 257,481 million a year ago. Operating Income was JPY 62,563 million against JPY 54,228 million a year ago. Profit Attributable to Owners of Parent was JPY 34,708 million against JPY 29,263 million a year ago. EPS were JPY 25.93 against JPY 21.86 a year ago.
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. 
