Mitsui Fudosan : Financial Reporting Document

Year Ended March 31, 2024

Investors Meeting Presentation

May 14,2024

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

1

１．Forecast for FY2024 (Business Income)

(Billions of Yen）

400

Business

Income

370.0

	Business
	Income
350	OperatingIncome 346.1
339.6

Operating

Income

305.4

300
		Operating
			Income
			280.6
			Operating
			Income
			262.1
	Operating	Operating
		Income
		Income
		245.9
250		244.9

Operating

Income

203.7

200

FY2024

Business Income*

Forecast

370.0 billion Yen

（＋23.8 billion yen from the previous year）

&INNOVATION 2030

Quantitative Targets : FY2026

Solid Progress toward

"440.0 billion Yen or higher"

150		*Business Income
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024
	＝ Operating income
		+ Equity in earnings/losses of affiliates
		(including Gain/loss on sales of shares of subsidiaries and affiliates for the purpose of real estate sales)
		+ Gain/loss on sales of fixed assets
		Year Ended March 31, 2024 Investors Meeting Presentation 2

１．Forecast for FY2024 (Business Income)

Solid start toward FY2026 targets as set out in & Innovation 2030. Focus on achieving goals.

	Segment income to grow
Leasing
despite negative impact of asset turnover Property Sales

169.0 billion yen ⇒ 170.0 billion yen

Property	Record profits
sales

135.1 billion yen ⇒ 170.0 billion yen

Accelerate asset turnover of not only real property for sale

(both investors and individuals)

but tangible fixed assets

Management Maintain 60 billion yen level

66.2 billion yen ⇒ 60.0 billion yen

Facility	Reach 30 billion yen level
Operations

26.3 billion yen ⇒ 30.0 billion yen

Year Ended March 31, 2024 Investors Meeting Presentation 3

1．Forecast for FY2024 (Profit attributable to owners of parent)

(Billion Yen）

220

235.0	FY2024
224.6		Profit attributable
		to owners of parent

Forecast

196.9

183.9	235.0 billion yen

176.9

170

(+10.3 billion yen

from the previous year)

		129.5					Record High
120							(3rd Consecutive term）
	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024

Year Ended March 31, 2024 Investors Meeting Presentation 4

１． Forecast for FY2024 (Shareholder Returns)

			Trends in Dividend per share and profit
(Yen）			Attributable to owners of parent*		FY2024
											(Millions of yen)
35												30	300,000	Dividend per share
												（Forecast）	(forecast)
30												28	250,000
25												15 15 15	150,000	30 yen
													200,000
												21
20												18
15												13	100,000	(+2 yen
												10
												11
10					5	7	7	7 7	7	7	7	8		from the previous year*)
				3
												50,000
5
2	2	2	2
0													0	Dividend payout ratio
														(forecast)

35.8％

＊:Due to a stock split on 4/1/2024 (from 1 share to 3 shares),

FY2001-2023 figures are adjusted to post-split basis and rounded to the nearest whole number.

Year Ended March 31, 2024 Investors Meeting Presentation 5

２．Retail, Sports & Entertainment Top-line growth strategy through decoupling

Collaboration between retail facilities and sports/entertainment

that only we can provide

Attract more customers and increase sales

by imcreasing the attractiveness of real facilities

Retail Properties Division	Solution Partner Division
	（Tokyo Dome Department）

Retail Properties, Sports and

Entertainment Division

Year Ended March 31, 2024 Investors Meeting Presentation 6

２．Retail, Sports & Entertainment Top-line growth strategy through decoupling

• Operations that add value to the entire city

Minami-Funabashi Area (Chiba Prefecture)

・Nov. 2023 LaLa Terrace TOKYO-BAY Opened

・April. 2024 LaLa arena TOKYO-BAY completion of construction

• To increase sales by increasing the number of visitors and attracting them to existing retail facilities in the area.

LaLa arena TOKYO-BAY	LaLaport TOKYO-BAY		Vivit Minami Funabashi

LaLaTerrace TOKYO-BAY

MFLP Funabashi

Opening Performance 「Mr.Children tour 2024 miss you arena tour」

Mitsui Fudosan

Ice Park

(Indoor skating rink)

PARK HOMES

Minami Funabashi

Year Ended March 31, 2024 Investors Meeting Presentation 7

２．Retail, Sports & Entertainment Top-line growth strategy through decoupling

• Creating facilities that increase the value and length of stay

MITSUI OUTLET PARK MARINEPIA KOBE（Reconstruction）：

Slated to open this autumn of 2024.

• Expansion of lagoon area adjacent to MOP
• Maximize the use of the seaside views and waterfront location.

Creation of an activity zone including facilities for athletics, dog run, etc.

• Provide a wide range of experiential value that goes beyond shopping,

and increase the value and time spent in the store, leading to increasing sales.

Dog-run

Lagoon

areaM O P

athletics

BBQ Photo-spot

※ Photographs and images are for illustrative purposes only and may differ from the actual product.

Year Ended March 31, 2024 Investors Meeting Presentation 8

２．Retail, Sports & Entertainment Top-line growth strategy through decoupling

• Promote tie-upswith "Retail Facilities × Sports ＆ Entertainment facilities"

Sports &				Retail
			Facilities
Entertainment
	Customers
Facilities		RSC・MOP
Tokyo Dome				LSP
			Urban etc,
LaLa Arena
	① Event
		Recognition		① Announcement (event recognition)
		Event
④ Concerts,		②Ticket	②Ticket sales③ Merchandise sales
④Event	Customer
Sports Events		Journey	Purchase	④Implementation of satellite events,
			etc.
		③
				City Dressing (image)）
		Merchandise	Pop-up store to coincide with

Purchase	Bruno Mars' Tokyo Dome concert

Public Viewing (image)

(C)2024 SANRIO CO.,LTD.APPROVAL NO.L650636

Year Ended March 31, 2024 Investors Meeting Presentation 9

３．Hotel & Resorts Top-line growth strategy through decoupling

• Rebranding and portfolio strengthening

Rebranding our hotels to a style that can be actively used not only for business,

but also for leisure, refresh stay, and various other situations.

OLD	NEW
Logo Mark	Logo Mark

• Creating spaces where people can enjoy hotel stays as they wish and offering a varied room lineup.
• Strengthening the portfolio by opening new, high-quality properties in prime locations and renovations of existing properties.

New-Open : MGH YOKOHAMA MINATOMIRAI Premier	Renewal : MGH UENO
（2023.5.）	（2023.7.）

Year Ended March 31, 2024 Investors Meeting Presentation 10