Mitsui Fudosan Co., Ltd. · TSE:8801
Mitsui Fudosan — Investor Presentation (May 2024)
26 slides from Mitsui Fudosan's investor presentation, May 14, 2024
Slide 1: Investors Meeting Presentation
Year Ended March 31, 2024 Investors Meeting Presentation May 14,2024 https://www.mitsuifudosan.co.jp/ 1
Slide 2: Forecast for FY2024 (Business Income)
１．Forecast for FY2024 (Business Income) １．外部環境認識 (Billions of Yen） 400 Business FY2024 Business Income* Income 370.0 Business Income Operating 346.1 Forecast 350 Income 339.6 300 Operating Income Operating Income 305.4 370.0 billion Yen 280.6 ＋23.8 Operating Income Operating 262.1 （ billion yen Oper
Slide 3: Forecast for FY2024 (Business Income)
１．Forecast for FY2024 (Business Income) １．外部環境認識 Solid start toward FY2026 targets as set out in & Innovation 2030. Focus on achieving goals. Leasing despiteSegment income to grow Property sales Record profits negative impact of asset turnover Property Sales 169.0 billion yen ⇒ 170.0 billion yen 135
Slide 4: Forecast for FY2024 (Profit attributable to owners of parent)
1．Forecast for FY2024 (Profit attributable to owners of parent) １．外部環境認識 (Billion Yen） 235.0 FY2024 224.6 Profit attributable 220 to owners of parent Forecast 196.9 183.9 176.9 235.0 billion yen 170 (+10.3 billion yen from the previous year) 129.5 Record High 120 (3 rd Consecutive term） FY2019 FY202
Slide 5: Forecast for FY2024 (Shareholder Returns)
１． Forecast for FY2024 (Shareholder Returns) １．外部環境認識 Trends in Dividend per share and profit Attributable to owners of parent* FY2024 (Yen） (Millions of yen) 35 300,000 （Forecast） 30 Dividend per share 30 28 250,000 (forecast) 25 30 yen 200,000 21 20 18 15 150,000 15 15 15 13 10 11 100,000 (+2 yen
Slide 6: Retail Properties, Sports and Entertainment Division
２．Retail, 植田 Sports & Entertainment Top-line growth strategy through decoupling Collaboration between retail facilities and sports/entertainment that only we can provide Attract more customers and increase sales by imcreasing the attractiveness of real facilities Retail Properties Division Solution
Slide 7: Operations that add value to the entire city
２．Retail, 植田 Sports & Entertainment Top-line growth strategy through decoupling ① Operations that add value to the entire city Minami-Funabashi Area (Chiba Prefecture) ・Nov. 2023 LaLa Terrace TOKYO-BAY Opened ・April. 2024 LaLa arena TOKYO-BAY completion of construction ⇒ To increase sales by increas
Slide 8: Creating facilities that increase the value and length of stay
２．Retail, 植田 Sports & Entertainment Top-line growth strategy through decoupling ② Creating facilities that increase the value and length of stay MITSUI OUTLET PARK MARINEPIA KOBE（Reconstruction）： Slated to open this autumn of 2024. ⊳ Expansion of lagoon area adjacent to MOP ⊳ Maximize the use of the
Slide 9: Tie-ups between Retail Facilities and Sports & Entertainment facilities
２．Retail, 植田 Sports & Entertainment Top-line growth strategy through decoupling ③ Promote tie-ups with ”Retail Facilities × Sports ＆ Entertainment facilities” Sports & Retail Entertainment Facilities Facilities Customers RSC・MOP Tokyo Dome LSP LaLa Arena Urban etc, ①Event Recognition ①Announcement (
Slide 10: Hotel & Resorts: Rebranding and portfolio strengthening
３．Hotel 植田 & Resorts Top-line growth strategy through decoupling ① Rebranding and portfolio strengthening Rebranding our hotels to a style that can be actively used not only for business, but also for leisure, refresh stay, and various other situations. OLD NEW Logo Mark Logo Mark ⊳ Creating spaces
Slide 11: Hotel & Resorts: Change in guests' image of our hotels
３．Hotel 植田 & Resorts Top-line growth strategy through decoupling All data are based on our own research. ② Change in guests' image of our hotels This time(TT) : March 2024, Previous time(PT): September 2022 Points that customers consider attractive Optimal Usage Situations Consistently rated points
Slide 12: Hotel & Resorts: Brand positioning and location strategy
３．Hotel 植田 & Resorts Top-line growth strategy through decoupling ③ Shift in brand positioning luxury Upper Upscale Upscale Up-mid scale Mid-scale Economy * Hotel Classification as defined by Smith Travel Research ④Location Strategy High ratio of Inbound travelers Other Area the greater Tokyo area 25
Slide 13: Hotel & Resorts: High ADR growth rate
３．Hotel 植田 & Resorts Top-line growth strategy through decoupling × ＝ High ADR growth rate Record (Yen) High 22,000 ADR ＋approximately￥8,500 20,000 18,000 （FY2022 ⇒ FY2023） 16,000 14,000 Ref. HOTEL REIT(ADR) ＋approximately￥2,500~5,000 12,000 ※2023.Jan～Dec 10,000 8,000 FY2012 FY2013 FY2014 FY2015 FY20
Slide 14: Logistics Facilities: Neighborhood creation-type development
４．Logistics 植田 Facilities Top-line growth strategy through decoupling 〇 Promote development of neighborhood creation-type logistics facilities ⊳Competitive location, rare large floor plates, attractive facility for workers, and contribution to the local community. 【New Property】 MFLP・LOGIFRONT Tokyo
Slide 15: Logistics Facilities: Addressing Social Issues
４．Logistics 植田 Facilities Top-line growth strategy through decoupling 〇 Addressing Social Issues ⊳ Support tenants in addressing issues such as the “2024 problem in the logistics industry” by utilizing ICT technology. ⊳ Expand solution sales by promoting MFLP as a partner to solve problems. Issues t
Slide 16: Strengthen development profitability, realize added value
５．Strengthen 植田 development profitability～Realize added value 〇 Business Income of “Property sales” segment : Record High 170billion yen *forecast of FY2024 〇 In FY2024, profits from central urban, large-scale, high end condominiums, an area of strength, will be particularly strong. Our share of con
Slide 17: Further develop and evolve overseas business: East Coast
６． 植田Further develop and evolve overseas business ⊳ Leasing of the Company's properties is on track. In addition, construction of rental housing in a promising market (Sunbelt) was completed. ⊳ The current transaction market continues to be in wait-and-see mode, but we have secured leasing income fr
Slide 18: Further develop and evolve overseas business: West Coast
６． 植田Further develop and evolve overseas business ⊳ Leasing of the Company's properties is on track. In addition, construction of rental housing in a promising market (Sunbelt) was completed. ⊳ The current transaction market continues to be in wait-and-see mode, but we have secured leasing income fr
Slide 19: Further develop and evolve overseas business: Sunbelt
６． 植田Further develop and evolve overseas business ⊳ Leasing of the Company's properties is on track. In addition, construction of rental housing in a promising market (Sunbelt) was completed. ⊳ The current transaction market continues to be in wait-and-see mode, but we have secured leasing income fr
Slide 20: Conclusion: Grow our topline through decoupling
７．Conclusion ※ Excellent existing assets and numerous pipeline projects Grow our topline through decoupling ※「日本橋再生計画 第３ステージ」より抜粋。この絵は将来のイメージであり、 実際の再開発計画等とは異なります。 （仮称）内幸町一丁目街区開発プロジェクト Year Ended March 31, 2024 Investors Meeting Presentation 20
Slide 21: Tsukiji District Community Development Project
８．Tsukiji District Community Development Project ※Reprinted from the May 1, 2024 press conference presentation Year Ended March 31, 2024 Investors Meeting Presentation 21
Slide 22: Tsukiji District: Public functions
８．Tsukiji District Community Development Project ＜ 4 public functions ＞ ①Open Space・Waterfront space ②Landscape ③Gateway Facilities ④ Large scale green spaces ※Reprinted from the May 1, 2024 press conference presentation Year Ended March 31, 2024 Investors Meeting Presentation 22
Slide 23: Tsukiji District: Key facilities
８．Tsukiji District Community Development Project ＜ 4 key facilities ＞ ① facility for sports and entertainment ② the base for the Life-science community which can bring together and accommodate large scale attendance ③MICE and destination facility ④Food hall / Food Labs ※Reprinted from the May 1, 202
Slide 24: Tsukiji District Community Development Project
８．Tsukiji District Community Development Project ※Reprinted from the May 1, 2024 press conference presentation Year Ended March 31, 2024 Investors Meeting Presentation 24
Slide 25: Tsukiji District Community Development Project
８．Tsukiji District Community Development Project ※Reprinted from the May 1, 2024 press conference presentation Year Ended March 31, 2024 Investors Meeting Presentation 25
Slide 26: 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