Mitsui Fudosan : Financial Reporting Document

The Six Months Ended September 30, 2022

Analyst Meeting Presentation

Summary of Results for the Six Months Ended September 30, 2022

• Revenues from operations and each income reached record highs for first half
• Interim dividend was ¥30/share as announced at the beginning of
  the fiscal year（¥22/share for the same period of the previous year）

MITSUI FUDOSAN The Six Months Ended September 30, 2022 Analyst Meeting Presentation

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Results for the Six Months Ended Sep. 30, 2022 and forecasts for the Year to March 2023

• Business performance was generally within the range of initial assumptions compared to full-year forecasts
• No change to full-year forecasts, but partial changes in the breakdown of operating income for some segments

					FY2022 full-year forecasts			Comparison with
			FY2022				the current full-
									year forecasts
			2Q Results		Current forecasts	Previous forecasts				Progress rate
			（A)		as announced	as announced as of May		Change
					as of Nov. 9, 2022	13, 2022			（A)/(B)×100
(Billions of Yen)			（B)
Revenues from Operations	1,057.0		2,200.0	2,200.0		-		48.0%
	Leasing	75.1		152.0	152.0		-		49.4%
	Property Sales	57.1		145.0	140.0		＋5.0		39.4%
		Domestic	13.2		38.0	33.0		＋5.0		34.8%
		Investors	43.9		107.0	107.0		-		41.0%
	Management	32.1		62.0	57.0		＋5.0		51.8%
	Other	-9.1		-7.0	3.0		-10.0		-
	Elimination or Corporate	-23.6		-52.0	-52.0		-		-
Operating Income	131.5		300.0	300.0		-		43.8%
	Non-operating Income/ Expenses	-11.2		-40.0	-40.0		-		-
Ordinary Income	120.2		260.0	260.0		-		46.3%
Extraordinary Gains/Losses	41.8		30.0	30.0		-	139.6%
Income Taxes	-56.9		-90.0	-90.0		-		-
Quarterly Profit Attributable	100.1		190.0	190.0		-		52.7%
to Owners of the Parent

MITSUI FUDOSAN The Six Months Ended September 30, 2022 Analyst Meeting Presentation

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Summary of Consolidated Income by segment for the Six Months Ended September 30, 2022

					（Billions of Yen）
			FY2022	FY2021	Y on Y
			2Q	2Q
			Change
			Results	Results
	Leasing	75.1	65.6	+9.4
	Property Sales	57.1	57.0	+0.0
		Domestic	13.2	18.2	-5.0
		Investors*	43.9	38.8	+5.0
	Management	32.1	25.4	+6.6
		Property Management	18.5	14.0	+4.5
		Brokerage, Asset	13.6	11.4	+2.1
		Management, etc.
	Other	-9.1	-21.0	+11.8
	Elimination or	-23.6	-26.2	+2.5
	Corporate
	Operating	131.5	100.9	+30.5
	Income

*Investors and Individuals (Overseas) etc.

The situation of each segment operating income

Leasing

■Office

• Increases in revenues and

income from overseas office buildings

（50 Hudson Yards）

■Retail

• Recovery in sales at existing facilities Y on Y
• Contributions from newly opened retail facility, etc （LaLaport FUKUOKA）

MITSUI FUDOSAN The Six Months Ended September 30, 2022 Analyst Meeting Presentation

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Summary of Consolidated Income by segment for the Six Months Ended September 30, 2022

					（Billions of Yen）
			FY2022	FY2021	Y on Y
			2Q	2Q
			Change
			Results	Results
	Leasing	75.1	65.6	+9.4
	Property Sales	57.1	57.0	+0.0
		Domestic	13.2	18.2	-5.0
		Investors*	43.9	38.8	+5.0
	Management	32.1	25.4	+6.6
		Property Management	18.5	14.0	+4.5
		Brokerage, Asset	13.6	11.4	+2.1
		Management, etc.
	Other	-9.1	-21.0	+11.8
	Elimination or	-23.6	-26.2	+2.5
	Corporate
	Operating	131.5	100.9	+30.5
	Income

*Investors and Individuals (Overseas) etc.

The situation of each segment operating income

Property Sales

■ Individuals (Domestic)

• Decrease in the reported number of condominium units, etc.

■Investors and Individuals

(Overseas), etc.

• Progress in property sales

MITSUI FUDOSAN The Six Months Ended September 30, 2022 Analyst Meeting Presentation

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