Full Year 2022 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript

May 13, 2022 / NTS GMT
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. As always, I will explain the results in more detail later. But first, the key highlights.

In the fiscal year ended March 2022, Mitsui Fudosan reported year-on-year growth in sales and profits. Operating revenue rose JPY 93.3 billion year-on-year. Operating income increased JPY 41.2 billion year-on-year. And net profit attributable to the owners of the parent was up JPY 47.4 billion year-on-year. We set new record highs for overall operating income as well as segment operating income for both Property Sales and Management.

For the fiscal year ending March 2023, Mitsui Fudosan forecasts operating revenue of JPY 2.2 trillion, operating income of JPY 300 billion, and net profit attributable to owners of the parent of JPY 190 billion. All represent new record highs.

The Mitsui Fudosan Group has been considering enhancing shareholder returns. In addition to the recovery from the pandemic in the core businesses of

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