Mitsui Fudosan Co., Ltd. · TSE:8801
Mitsui Fudosan — FY2024 Earnings Presentation
19 slides from Mitsui Fudosan's earnings presentation, May 13, 2025
Slide 1: FY2024 Summary of Financial Results
FY2024 Summary of Financial Results May 13, 2025 https://www.mitsuifudosan.co.jp/english/ 1
Slide 2: Today's Presentation
Today’s Ueda presentation Summary of Financial Results for FY2024 1 (Ended March 2025) 2 Forecast for FY2025 (Ending March 2026) Progress of the Group’s Long-Term Vision: 3 & INNOVATION 2030 4 Shareholder Return Highlights Summary of FY2024 Results Financial 2
Slide 3: FY2024 (Ended March 2025) Financial Highlights
① FY2024 (Ended March 2025) Financial Highlights 3
Slide 4: Financial Highlights for FY2024
① Financial Highlights for FY2024 ➢ Revenue from operations was ¥2,625.3 billion, up ¥242.0 billion YoY (+10.2%) ➢ Business income*1 was ¥398.6 billion, up ¥52.5 billion YoY(+15.2%) ➢ Net income*2 was ¥248.7 billion, up ¥24.1 billion YoY (+10.8%) ➢ Revenue from operations and all levels of profit ex
Slide 5: Summary of Consolidated Income for FY2024
① Summary of Consolidated Income for FY2024 ➢ Business income in all segments increased year-on-year, hitting record highs. FY2024 FY2023 Billions of Yen Change Results (A) Results (B) 2024.4.1-2025.3.31 2023.4.1-2024.3.31 (A)-(B) Leasing 176.4 169.0 +7.3 Property Sales 167.0 135.1 +31.8 Management
Slide 6: FY2024 Segment Business Income (Leasing)
① FY2024 Segment Business Income (Leasing) ➢ Business income ¥176.4 billion, up ¥7.3 billion YoY (+4.3%) Business Income (billions of yen) ◎ Office leasing revenue grew both in Japan and overseas Record High Tokyo metropolitan area 180.0 office vacancy rate* 176.4 * Vacancy rates in the Tokyo Metrop
Slide 7: FY2024 Segment Business Income (Property Sales)
① FY2024 Segment Business Income (Property Sales) ➢ Business income ¥167.0 billion, up ¥31.8 billion YoY (+23.6%) Business Income (billions of yen) ◎ Steady handovers in Property Sales to Individuals (Domestic) Record High 180.0 167.0 160.0 140.0 135.1 +31.8 PARK TOWER KACHIDOKI SOUTH Mita Garden Hi
Slide 8: FY2024 Segment Business Income (Management)
① FY2024 Segment Business Income (Management) ➢ Business income ¥71.6 billion, up ¥5.3 billion YoY (+8.1%) Business Income (billions of yen) ◎ Higher occupancy rates, system- related expenses at Repark (car park leasing) 80.0 Record High 71.6 Mitsui's Repark 70.0 66.2 +5.3 60.0 38.4 50.0 38.5 ◎ Incr
Slide 9: FY2024 Segment Business Income (Facility Operations)
① FY2024 Segment Business Income (Facility Operations) ➢ Business income ¥38.6 billion, up ¥12.2 billion YoY(+46.6%) ◎ Strong increase in ADRs at hotels Business Income (billions of yen) and resorts FY2024 ADR* (YoY) 45.0 Record High Approx. 40.0 38.6 120% * Average for domestic lodging-focused hote
Slide 10: FY2024 Summary of Consolidated Balance Sheet
① FY2024 Summary of Consolidated Balance Sheet ➢ Total assets: ¥9.8 trillion (+¥370.3 billion vs. previous FY-end, of which foreign exchange impact ¥284.0 billion) ➢ Interest-bearing debt: ¥4.4 trillion (down ¥14.3 billion vs. previous FY-end, of which foreign exchange impact ¥82.7 billion) ➢ Net as
Slide 11: FY2025 (End-March 2026) Earnings Forecast
② FY2025 (End-March 2026) Earnings Forecast 11
Slide 12: FY2025 Forecast (Business Income)
② FY2025 Forecast (Business Income) ➢ Business income: ¥425.0 billion, up ¥26.3 billion YoY (+6.6%) ➢ Net income: ¥260.0 billion yen, up ¥11.2 billion YoY (+4.5%) Projecting new record high profits Billions of Yen FY2025 (A) FY2024 (B) Change (Rate) 2025.4.1-2026.3.31 2024.4.1-2025.3.31 (A)-(B) (A)/
Slide 13: FY2025 Forecast (Segment Business Income)
② FY2025 Forecast (Segment Business Income) ➢ Expect business income for each segment to show firm trends Billions of Yen FY2025 (A) FY2024 (B) Change (Rate) 2025.4.1-2026.3.31 2024.4.1-2025.3.31 (A)-(B) (A)/(B)-1 Business 425.0 398.6 +26.3 + 6.6% Income Leasing 175.0 176.4 -1.4 - 0.8% Property Sale
Slide 14: Progress of the Group's Long-Term Vision: & INNOVATION 2030
③ Progress of the Group’s Long- Term Vision: & INNOVATION 2030 14
Slide 15: Progress of & INNOVATION 2030: KPIs
③ Progress of the Group’s Long-Term Vision: & INNOVATION 2030 ➢ Making solid progress toward FY2026 targets for all indicators & INNOVATION 2030 KPI FY2024 Results FY2025 Forecasts FY2026 Targets EPS growth rate* Approx. +9.6% Growth Indicator +13.7%/year +8% CAGR or higher CAGR * FY2023 earnings fo
Slide 16: Progress of & INNOVATION 2030 (Cash Allocation)
③ Progress of & INNOVATION 2030 (Cash Allocation) ➢ Steady progress: 30-40% achievement against the three-year cumulative plan & INNOVATION 2030: 3-Year Cumulative Total Progress in FY2024, the first year (FY2024-FY2026) Cash in Cash out FY2024 Results Item (Progress) Proceeds from Approx. ¥610 bill
Slide 17: Shareholder Return Highlights
④ Shareholder Return Highlights 17
Slide 18: Shareholder Return Highlights
④ Shareholder Return Highlights ➢ Achieve shareholder returns in accordance with & INNOVATION 2030’s shareholder return policy (FY2024-FY2026) “& INNOVATION 2030” KPI Details Dividend payout ratio: around 35% each period FY2024: ¥31/Share (planned) Annual dividend Introduction of FY2025: ¥33/Share (
Slide 19: Disclaimer
Disclaimer This presentation contains forward-looking statements including details regarding the Company’s business results forecasts, development plans, and targets. All forward-looking statements are based on judgments derived from the information available to the Company at the time this presenta