Mitsui Fudosan Co., Ltd. · TSE:8801
Mitsui Fudosan — Q1 FY2025 Earnings Presentation
20 slides from Mitsui Fudosan's earnings presentation, Aug 5, 2025
Slide 1: Financial Results and Business Highlights Summary of 1Q, FY2025
Financial Results and Business Highlights for Summary of 1Q, FY2025 We will explain in detail the Mitsui Fudosan Group's results for the 1Q of the fiscal year ending March 2026. As usual, we will use the Financial Results and Business Highlights materials dated August 5th, which are available on our
Slide 2: Corporate governance key takeaways
Financial Results and Business Highlights for Summary of 1Q, FY2025 As we will cover the earnings results, as shown in the upper part of the page, in detail, we will skip the table on this page -although it summarizes what has been a very strong earnings result- and highlight the key takeaways on co
Slide 3: Overview of 1Q FY2025 results and progress rates
Financial Results and Business Highlights for Summary of 1Q, FY2025 Please see pages 54 and 55 for more information on this subject. We will now begin with an overview of the 1Q FY2025 results. As usual, we will use the Financial Highlights page. Please turn to page 4 of the presentation. As shown i
Slide 4: Consolidated profit and loss statement
Financial Results and Business Highlights for Summary of 1Q, FY2025 profit attributable to owners of parent at 47.8%. We will now explain the results in more detail. Please turn to page 61 of the presentation. We will start with the consolidated profit and loss statement. 1Q FY2025 operating revenue
Slide 5: Non-operating income and expenses
Financial Results and Business Highlights for Summary of 1Q, FY2025 year. Next, before commenting on the details of the individual segments, please return to the table on the left. We will touch upon the major items below the line. We will start with non-operating income and expenses. Equity in net
Slide 6: Extraordinary gains and losses
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next, We will discuss extraordinary gains and losses. As shown in the table titled 'Extraordinary Gains and Losses' on the upper right, Mitsui Fudosan posted 7.8 billion yen in extraordinary profits in 1Q, from gains on sales of inv
Slide 7: Leasing segment
Financial Results and Business Highlights for Summary of 1Q, FY2025 We will start with the Leasing segment. Please turn to page 63. As shown at the top of the page, 1Q operating revenues were 226 billion yen and business income 45.7 billion yen. This represents an 18.9 billion yen increase in revenu
Slide 8: Property Sales segment
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next is the Property Sales segment. Please turn to page 64. As shown at the top of the page, for the overall Property Sales segment in 1Q, revenue was 331.7 billion yen and business income was 124.7 billion yen. On a YoY basis, reve
Slide 9: Property Sales to Domestic Individuals: units booked
Financial Results and Business Highlights for Summary of 1Q, FY2025 The number of units booked are shown in the middle of the table. The combined units for condominiums and detached housing were 1,150 as of 1Q, down 618 units YoY. However, the average unit price for condominiums and detached housing
Slide 10: Property Sales to Investors and Overseas Individuals
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next for the Property Sales to Investors and Overseas Individuals subsegment, which includes gains and losses on both sales of tangible assets and equity method investments, please revert to the top of the page. Operating revenue wa
Slide 11: Management segment
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next, the Management segment. Please turn to page 65. Please see the top row of the table. For the Management segment as a whole, 1Q operating revenues were 120.1 billion yen and business income was 17.4 billion yen for YoY gains of
Slide 12: Brokerage and Asset Management subsegment
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next is the Brokerage and Asset Management subsegment. Operating revenues were 31 billion yen and business income was 8.6 billion yen for YoY gains of 3.5 billion yen and 2.2 billion yen respectively. The key factors were increases
Slide 13: Facility Operations segment
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next is the Facility Operations segment. Please turn to page 66. Overall Facility Operations reported 1Q operating revenues of 62.7 billion yen and business income of 14.4 billion yen. This represents a YoY improvement of 7 billion
Slide 14: Other segment
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next is the Other segment. Please turn to page 67. Overall, the Other segment reported 1Q operating revenues of 61.5 billion yen and business income of 50 million yen. The improved number of reported properties for Mitsui Home's New
Slide 15: Overseas business
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next, for reference, we show figures for the Overseas business. Please turn to page 68. Overall combined Overseas business income for 1Q was 12.5 billion yen, down 0.3 billion yen YoY. Please note there is a 3-month lag in reflectin
Slide 16: Overseas Management and Other segments
Financial Results and Business Highlights for Summary of 1Q, FY2025 The combination of Management and Other segments reported YoY gains of 0.6 billion yen in revenues and 0.1 billion yen in profits, supported by improvements in occupancy rates and ADR at the Halekulani Hotel in Hawaii. As a result o
Slide 17: Balance sheet
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next, We will talk about the balance sheet. Please turn to page 69. As shown at the bottom of the page on the left, total assets as of the end of 1Q were 9 trillion 749.8 billion yen, down 109.9 billion yen versus the end of the pre
Slide 18: Real property for sale: investment and cost recovery
Financial Results and Business Highlights for Summary of 1Q, FY2025 We will now discuss the major components of change, such as investment and cost recovery. Please turn to page 70. As shown in the table on the upper left, the total outstanding balance of Real Property for Sale was 2 trillion 377.9
Slide 19: Tangible and intangible assets and interest-bearing debt
Financial Results and Business Highlights for Summary of 1Q, FY2025 Next, looking at the lower left, the outstanding balance of Tangible and Intangible Assets was 4 trillion 616.6 billion yen, down 90.7 billion yen versus the previous fiscal year-end. New investments, including construction investme
Slide 20: D/E ratio, equity ratio and summary
Financial Results and Business Highlights for Summary of 1Q, FY2025 Going back to page 69, as a result of the above, the D/E ratio as of 1Q was 1.41x and the equity ratio was 32.9%, as shown on the lower right. In summary, the first quarter marked a very strong start toward achieving our full-year t