Mitsui Fudosan : Analyst Meeting Presentation(1,465KB)

The Six Months Ended September 30, 2021

Analyst Meeting Presentation

https://www.mitsuifudosan.co.jp/english/

Summary of Results for the Six Months Ended September 31, 2019

✓Operating revenue and each income both increased

✓Interim dividend: 22 yen/share (as announced at the beginning of the fiscal year)

	FY2021	FY2020	Y on Y
(Billions of Yen)	2Q Results	2Q Results	Change
Revenues	996	797	+199
from operations
Operating	100	64	+36
income
Ordinary	88	47	+41
income
Profit	86	9	+77
attributable to owners
of the parent

MITSUI FUDOSAN The Six Months Ended September 30, 2021 Analyst Meeting Presentation

1

Forecasts for the Year to March 2022 (FY2020)

✓Business performance and the impact of COVID-19 were generally within the range of initial assumptions

✓No change to full-year forecasts

				FY2021			Comparison with
						Full-year forecast
				2Q Results		Forecast		Progress Rate
						(May,14,2021)
	(Billions of Yen)	（A）		（B）		（A)/(B)×100
	Revenues from Operations	996		2,150		46%
		Leasing	65		128		51%
		Property Sales	18		22		43%
			Domestic	38		111		83%
			Investor	57		133		35%
		Management	25		44		58%
		Other	(21)		(22)		96%
		Elimination or Corporate cost	(26)		(53)		49%
	Operating Income	100		230		44%
	Non-oparating Income/Expenses	(12)		(25)	48%
	Extraordinary Gain/Losses	45		30		151%
	Income Taxes	50		75		67%
	Profit attributable to owners of the parent	86		160		54%
			The impact of COVID-19	About 43	About 65
	【Reference】 （Operating&Non-Oparating)

MITSUI FUDOSAN The Six Months Ended September 30, 2021 Analyst Meeting Presentation

２

Consolidated Segment Revenue & Operating Income

FY2021 2Q

	（Billions of Yen)
FY2020	Y on Y
2Q

The situation of each segment operating income

Leasing

Leasing Property Sales

Results

65 57

Results Change

1. +2

1. +26

✓Mainly due to the Y on Y recovery in sales at retail facilities

Increase/decrease Y on Y taking into account

the COVID-19 extraordinary losses*

Domestic

Investor

Management

18 38 25

1. (7)

1. +34

11

+13

Substantial

recovery

About ¥+9bil.

Property Management

Brokerage, Asset management, etc.

Other

Elimination or Corporate cost Operating

income

14	6	+7
11	5	+6
(21)	(18)	(2)
(26)	(23)	(2)
100	64	+36

¥+2bil.

	After taking into account
Increase in profit
(Y on Y)	the COVID-19
	extraordinary loss

＊Losses due to the new coronavirus infection, including fixed costs for the period of facility closure, recorded as extraordinary losses

MITSUI FUDOSAN The Six Months Ended September 30, 2021 Analyst Meeting Presentation

3

Consolidated Segment Revenue & Operating Income

Leasing

Property Sales

Domestic

Investor

Management

Property Management

Brokerage, Asset management, etc.

Other

Elimination or Corporate cost Operating

income

FY2021 2Q Results

65 57 18 38 25 14 11 (21) (26) 100

（Billions of Yen)
FY2020		Y on Y
2Q
Results		Change
63		+2
30
	+26
26		(7)
4		+34
11
+13

1. +7

1. +6

1. (2)

1. (2)

64

+36

The situation of each segment operating income

Property Sales

■Individuals (Domestic)

✓YoY drop in units sold

（1,893 units, down 325 units from the same period last year）

Major Projects Undertaken during the Period

2Q/FY2021	2Q/FY2020
Park Court BUNKYO	THE TOWER YOKOHAMA
KOISHIKAWA The Tower	KITANAKA
Park Court SHIBUYA The	Park City Musashi-Koyama The
Tower	Tower

• Investors and Individuals (Overseas) etc.

✓Progress in property sales

Major Projects Undertaken during the Period

Iidabashi Grand Bloom （Office building）

Ginza 5-chome GLOBE	（Retail facility）
Takeshita-dori Square	（Retail facility） etc.

MITSUI FUDOSAN The Six Months Ended September 30, 2021 Analyst Meeting Presentation

４