Mitsui Fudosan Co Ltd (TSE:8801)
円 1505.5 6 (0.4%) Market Cap: 4.22 Til Enterprise Value: 8.46 Til PE Ratio: 18.79 PB Ratio: 1.36 GF Score: 79/100

Full Year 2023 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript

May 10, 2023 / NTS GMT
Release Date Price: 円889 (-0.21%)
Atsuro Uchida

Good afternoon, everyone. I am Uchida, Executive Manager of Investor Relations at Mitsui Fudosan. I will present the Mitsui Fudosan Group's financial results for the fiscal year ended March 2023. I will use the financial results and business highlights presentation dated May 10, which has been uploaded to our IR website in explaining the results. As always, I will go into more detail later. But first, the key highlights.

Please turn to Page 3 of the presentation entitled Financial Highlights. As indicated in the table and blue box in the upper half of the page, for fiscal 2022, Mitsui Fudosan not only exceeded its forecast but was able to grow both operating revenues and profits year-on-year to set new record highs for operating revenues and all levels of profits: operating income, ordinary income and profit attributable to owners of the parent. Fiscal 2022 ROA was 3.86%; ROE, 6.92%; and the year-on-year growth in EPS, which was JPY 207.9, was 12.7%.

Also, touching upon the forecast for March 2024, Mitsui Fudosan projects operating revenues of JPY 2.3 trillion, operating income of

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