Mitsui Fudosan Co Ltd (TSE:8801)
円 1402.5 -14.5 (-1.02%) Market Cap: 3.93 Til Enterprise Value: 8.17 Til PE Ratio: 17.50 PB Ratio: 1.26 GF Score: 79/100

Full Year 2021 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript

May 14, 2021 / NTS GMT
Release Date Price: 円809.5 (+1.29%)
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 explain our results in more detail later, but at a high level, we reported higher revenues, but a lower operating income on a year-on-year basis in the fiscal year ended March 2021.

Operating revenue increased JPY 101.9 billion, while operating income declined JPY 76.8 billion, and profit attributable to the owners of the parent fell JPY 54.3 billion. Supported by the strength of the Property Sales segment, operating revenue exceeded JPY 2 trillion, hitting a new record high.

Despite the uncertain operating environment owing to the pandemic, we were able to achieve our full year forecast for operating revenue, operating income and profit attributable to the owners of the parent. Based on this, and the fact that we were able to maintain financial soundness and see no issues in maintaining employment, we will pay a full year dividend per share of JPY 44, in line with our initial guidance. This is a reflection of the

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