Mitsui Fudosan Co Ltd (TSE:8801)
円 1386.5 -5 (-0.36%) Market Cap: 3.89 Til Enterprise Value: 8.13 Til PE Ratio: 17.30 PB Ratio: 1.25 GF Score: 79/100
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Q3 2022 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript

Feb 04, 2022 / NTS GMT
Release Date Price: 円810.67 (-1.32%)
Atsuro Uchida
Mitsui Fudosan Co., Ltd. - Executive Manager of IR Department

Good afternoon, everyone. I am Uchida, Executive Manager of Investor Relations at Mitsui Fudosan. I will explain the third quarter results for the fiscal year ending March 2022. Before getting into a detailed explanation, there are 3 key points that I would like to highlight at the outset.

The first is the 9-month profit attributable to owners of the parent, which was JPY 123.5 billion, up 24.9% year-on-year. This represents a new record high on a 9-month basis.

The second is that based on the results up to the end of third quarter, we have chosen to revise up our full-year forecast. On the back of a JPY 10 billion improvement in OP, we are raising our forecast from JPY 230 billion to JPY 240 billion. We revised the ordinary income forecast up from JPY 205 billion to JPY 215 billion, similarly reflecting a JPY 10 billion improvement. We project a JPY 15 billion improvement in profit attributable to owners of the parent, raising our forecast from JPY 160 billion to JPY 175 billion.

The third is that we are

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