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MITSUI FUDOSAN CO., LTD.

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

11/16/2021 | 02:26am EST

The Six Months Ended September 30, 2021

Analyst Meeting Presentation

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

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

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Mitsui Fudosan Co. Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 07:25:06 UTC.


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Financials
Sales 2022 2 129 B 18 503 M 18 503 M
Net income 2022 166 B 1 442 M 1 442 M
Net Debt 2022 3 563 B 30 968 M 30 968 M
P/E ratio 2022 13,2x
Yield 2022 1,96%
Capitalization 2 208 B 19 268 M 19 190 M
EV / Sales 2022 2,71x
EV / Sales 2023 2,63x
Nbr of Employees 23 992
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Mean consensus BUY
Number of Analysts 15
Last Close Price 2 308,50 JPY
Average target price 3 110,00 JPY
Spread / Average Target 34,7%
EPS Revisions
Managers and Directors
Masanobu Komoda President & Representative Director
Hiromichi Iwasa Chairman
Masafumi Nogimori Independent Outside Director
Shinichiro Ito Independent Outside Director
Tsunehiro Nakayama Independent Outside Director