Mitsubishi Estate Company, Limited · TSE:8802
Mitsubishi Estate — FY2025 2Q Earnings Presentation
25 slides from Mitsubishi Estate's earnings presentation, November 2025
Slide 1: Mitsubishi Estate IR Presentation FY2025-2Q
FY2025-2Q (The Fiscal Year Ending March 31, 2026) Mitsubishi Estate IR Presentation Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved.
Slide 2: Financial Overview
Financial Overview Operating Profit was ¥ 107.5 billion (up ¥7.7 billion YoY) and Profit Attributable to Owners of Parent was ¥58.0 billion (up ¥8.0 billion YoY). FY2025 Leasing of new office buildings, upward rent revisions for existing properties, and steady 2Q Results performance in the retai
Slide 3: FY2025-2Q Overview
FY2025-2Q Overview Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 3
Slide 4: 1. Income Statement Summary
FY2025-2Q Overview 1. Income Statement Summary Operating Profit: ¥107.5 billion (up ¥7.7 billion YoY) , Profit Attributable to Owners of Parent: ¥58.0 billion (up ¥8.0 billion YoY) FY2025-2Q FY2024-2Q Millions of yen (rounded down) Results Results Change Main Factors Operating Millions revenue of ye
Slide 5: 2. Balance Sheet Summary
FY2025-2Q Overview 2. Balance Sheet Summary (Billions of yen) As of September As of March Assets 30, 2025 31, 2025 Change Inventories 632.8 578.6 +54.2 Property, plant and 4,875.7 4,854.4 +21.2 equipment Equity investments 1,064.0 1,063.5 +0.4 Other 1,442.1 1,499.9 (57.7) Total assets 8,014.7 7,996.
Slide 6: 3. Interest-Bearing Debt
FY2025-2Q Overview 3. Interest-Bearing Debt (as of end of Sep. 2025) Consolidated Interest-Bearing Debt Yen/Foreign Currency * (Billions of yen) Long/Short Terms * Fixed/Floating Rates * Lease obligations 1.5 Foreign currencies ¥817.2bn Commercial Paper 50.0 Short-term 7.3% Floating 19.2% (Floating
Slide 7: 4. Cash Flow Results FY2025-2Q YTD ACT
FY2025-2Q Overview 4. Cash Flow Results FY2025-2Q YTD ACT Projects underway in domestic and overseas, as well as new investments mainly in overseas are progressing. (Billions of yen) Investment Progress (Billions of yen) Operating Cash Flow Investing Cash Flow FCF 2Q YTD Initial Plan Progress Act 60
Slide 8: FY2025 Forecasts
FY2025 Forecasts There are no updates from this page to the IR presentation for FY2024 disclosed on May 12, 2025. Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 8
Slide 9: 1. FY2025 Income Statement Forecasts vs FY2024 results
FY2025 Forecasts 1. FY2025 Income Statement Forecasts vs FY2024 results Operating Profit: ¥325 billion (up ¥15.7 billion YoY , a record high in the second consecutive year) Profit Attributable to Owners of Parent: ¥195 billion (up ¥5.6 billion YoY, a record high in the fifth consecutive year) Divide
Slide 10: 2. ROA・ROE・EPS
FY2025 Forecasts 2. ROA・ROE・EPS FY2024 results: ROA 4.0%, ROE 7.6%, EPS ¥151.04 (4th straight record-high ) FY2025 forecasts: ROE around 8%. Steadily progressing toward achieving 10% ROE. （Yen） 12% 250.00 EPS（右軸） ROA* ROE 10% 10% 200.00 8.5% 8.1% around 8% 7.8% 7.9% 8% 7.6% 7.6% 7.3% 7.4% 150.00 6.6
Slide 11: Shareholders Returns
Shareholders Returns Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 11
Slide 12: 1. Shareholders Returns Policy/ Progressive Dividends +¥3 Every Fiscal Year
Shareholders Returns 1. Shareholders Returns Policy/ Progressive Dividends +¥3 Every Fiscal Year Dividends of ¥46 per share planned for FY2025 Business Strengths Shareholder Returns (Dividends) Shareholder Value Reflect upward growth prospect and implement progressive dividends with a +¥3 increase e
Slide 13: 2. Continuous and Flexible Share Buybacks
Shareholders Returns 2. Shareholders Returns Policy/ Continuous and Flexible Share Buybacks Business Strengths/ Management Strategies Shareholder Returns (Share Buybacks) ¥100bn share buybacks announced for FY2025 High-Level Capital Gains Consider additional share buybacks depending on share price,
Slide 14: 3. Policy for Sale of Strategic-Holding Stocks (New Quantitative Target)
Shareholders Returns 3. Policy for Sale of Strategic-Holding Stocks (New Quantitative Target) Reducing strategic-holding stocks more than 50% by FY2027 Market/Purchase Value of Strategic-Holding Stocks (Listed Stocks) (Billions of Yen) (Billions of Yen) Market Value Purchase Value Reducing 400 200 3
Slide 15: 4. Shareholders Returns (Dividends)
Shareholders Returns 4. Shareholders Returns (Dividends) DPS increase due to steady profit growth, and progressive dividend payments(+¥3) is introduced from FY2024. (Billions of yen) （Yen） Profit Dividends per share +¥３(+7.0%) increase in dividend 50 46 200 43 40 38 40 36 150 33 30 31 30 26 100 20 1
Slide 16: 5. Shareholders Returns (Share Buyback)
Shareholders Returns 5. Shareholders Returns (Share Buyback) Implement ¥380billion share buyback in 7 years. Continued high-level and stable shareholders returns. (Billions of yen) Dividend 97.4% ¥380bn 180 100.0% Share Buyback Total Return Rate(Single year) 80% 90.0% 160 Share Buybacks 80.0% 140 62
Slide 17: Strategy and Progress
Strategy and Progress Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 17
Slide 18: 1. FY2024 Operating Profit (breakdown)
Strategy and Progress 1. FY2024 Operating Profit (breakdown) (Reference) Millions of yen FY2024 Results Main components Operating Profit 309,232 Commercial Property Business 124,660 Leasing 64,000 Rental profit of office, logistics facility, retail property (including outlet), hotel, etc., in Japan
Slide 19: 2. Commercial Property Business
Strategy and Progress (Commercial Property Business) 2. Commercial Property Business Business Overview Office Buildings Retail Properties Operating Profit Engages in the development, leasing, and Develops retail properties and outlet malls 124.6 property management of office buildings, across Japan,
Slide 20: 3. Marunouchi Property Business
Strategy and Progress (Marunouchi Property Business) 3. Marunouchi Property Business Business Overview Development, leasing, and property management of mainly office buildings in Operating Profit Otemachi, Marunouchi, and Yurakucho (DaiMaruYu district). Maximize profits through area development and
Slide 21: 4. Residential Business
Strategy and Progress (Residential Business) 4. Residential Business Business Overview Operating Profit Operates residential condominium business under "The Parkhouse" brand and rental apartments business under "The Parkhabio" brand. (Billions of yen) 50 48.0 3.0 40 18.0 30 20 The Parkhouse Yoyogi O
Slide 22: 5. International Business
Strategy and Progress (International Business) 5. International Business Business Overview Undertakes office building development and leasing businesses mainly in the United Operating Profit States and the United Kingdom, as well as projects in the cities of the Asia and Oceania regions. (Billions o
Slide 23: 6. Investment Management Business
Strategy and Progress (Investment Management Business) 6. Investment Management Business Business Overview Operating Profit Asset management companies in Japan, US, Europe, and Asia address global needs of asset management of real estates. Entrusted from over 650 institutional investors, (Billions o
Slide 24: 7. Progress in Long-term Management Plan 2030
Strategy and Progress (Long-term Management Plan 2030) 7. Progress in Long-term Management Plan 2030 Changes in Business Profit Goals of FY2030 Domestic asset International asset Non-asset Eliminations or Corporate More than ¥ 400.0bn (Billions of yen) 450 400 325.3 350 296.9 309.6 279.3 278.9 19.0
Slide 25: Disclaimer and Contact Information
Disclaimer This material is provided for information purposes only. Nothing herein is intended to constitute an offer to sell, a solicitation of an offer to buy, or a Contact Information recommendation of any specific products by Mitsubishi Estate Co., Ltd. (the “Company”) Investor Relations Office,