Mitsui Fudosan Co Ltd (TSE:8801)
円 1455 13 (0.9%) Market Cap: 4.08 Til Enterprise Value: 8.32 Til PE Ratio: 18.16 PB Ratio: 1.31 GF Score: 75/100
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Q1 2020 Mitsui Fudosan Co Ltd Earnings Call Transcript

Aug 02, 2019 / NTS GMT
Release Date Price: 円813.17 (-0.69%)
Atsuro Uchida
Mitsui Fudosan Co., Ltd. - Executive Manager of IR Department

Good afternoon, everyone. I am Uchida, Executive Manager of the Investor Relations Department. I will present Mitsui Fudosan's First Quarter Fiscal 2019 Results. I will discuss the results in more detail later, but at a high level, overall revenues and profits were down year-on-year. This was primarily the result of a lower number of domestic residential units sold relative to the previous first quarter, which depressed revenues and profits for the Property Sales segment. However, the Leasing segment, which is the core contributor to overall profits reported higher year-on-year revenues and profits, reflecting the contributions of large-scale office properties and retail facilities, which were completed and came online last fiscal year. The Management segment also reported higher year-on-year revenues and profits on solid growth in the Property Management and Retail Brokerage businesses. Under the full year plan for the Property Sales segment, condominium unit volumes will pick up in second quarter and beyond. As such, the progress as

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