Mitsubishi Estate Company, Limited · TSE:8802
Mitsubishi Estate — Q3 FY2025 Earnings Presentation
26 slides from Mitsubishi Estate's earnings presentation, March 2026
Slide 1: Mitsubishi Estate IR Presentation FY2025-3Q
FY2025-3Q (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 ¥227.3 billion (up ¥32.8 billion YoY) and Profit Attributable to Owners of Parent was ¥156.5 billion (up ¥50.7 billion YoY). Both reached record highs for the 3Q results. ⚫ Leasing of new office buildings, upward rent revisions for existing properties, and s
Slide 3: FY2025 Forecasts Revision
FY2025 Forecasts Revision Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 3
Slide 4: Upward Revision to FY2025 Performance Forecast
FY2025 Forecasts Revision 1. Upward Revision to FY2025 Performance Forecast Previous Forecasts （as of May. 12, 2025） Current Forecasts ROE Improvement Strategy 1. Growth in Operating Profit ¥325 billion ＋¥5 billion ¥330 billion Operating Profit Profit attributable to 2. Pursuing Efficiency owners of
Slide 5: ROA・ROE・EPS
FY2025 Forecasts Revision 2. ROA・ROE・EPS FY2025 forecasts: ROE mid-8% range. Steadily progressing toward achieving 10% ROE. （Yen） 12% 250 EPS（右軸） ROA* ROE 10% 10% mid-8% 200 8.5% 8.1% 7.8% 7.9% 8% 7.6% 7.6% 7.3% 7.4% 150 6.6% 6% 5.6% 5.2% 5% 4.4% 4.4% 100 4.0% 4.1% 4.0% 4.1% 200 3.8% 3.8% 3.9% 4% 3.
Slide 6: FY2025 Income Statement Forecasts - Current vs Previous
FY2025 Forecasts Revision 3. FY2025 Income Statement Forecasts - Current vs Previous Forecasts (as of May 12, 2025) Operating profit revised to ¥330 billion (up by ¥5 billion) Profit Attributable to Owners of Parent revised to ¥220 billion (up by ¥25 billion) Current Previous Millions of yen (rounde
Slide 7: FY2025-3Q Overview
FY2025-3Q Overview Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 7
Slide 8: Income Statement Summary
FY2025-3Q Overview 1. Income Statement Summary Operating Profit: ¥227.3 billion (up ¥32.8 billion YoY) , Profit Attributable to Owners of Parent: ¥156.5 billion (up ¥50.7 billion YoY) FY2025-3Q FY2024-3Q Millions of yen (rounded down) Results Results Change Main Factors Operating Millions revenue of
Slide 9: Balance Sheet Summary
FY2025-3Q Overview 2. Balance Sheet Summary (Billions of yen) As of December As of March Assets 31, 2025 31, 2025 Change Inventories 667.6 578.6 +89.0 Property, plant and 4,880.6 4,854.4 +26.1 equipment Equity investments 1,086.3 1,063.5 +22.8 Other 1,585.4 1,499.9 +85.5 Total assets 8,220.1 7,996.5
Slide 10: Interest-Bearing Debt
FY2025-3Q Overview 3. Interest-Bearing Debt (as of end of Dec. 2025) Consolidated Interest-Bearing Debt Yen/Foreign Currency * (Billions of yen) Long/Short Terms * Fixed/Floating Rates * Lease obligations 1.5 Foreign currencies ¥924.2bn Commercial Paper 100.0 Short-term 7.9% Floating 19.2% (Floating
Slide 11: Cash Flow Results FY2025-2Q YTD
FY2025-3Q Overview 4. Cash Flow Results FY2025-2Q YTD ACT ※CF results are only disclosed in the 2Q and 4Q. 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
Slide 12: Shareholders Returns
Shareholders Returns Copyright © MITSUBISHI ESTATE Co., Ltd. All Rights Reserved. IR Presentation 12
Slide 13: 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 14: ¥130bn share buybacks decided for FY2025
Shareholders Returns 2. Shareholders Returns Policy/ Continuous and Flexible Share Buybacks Business Strengths/ Management Strategies Shareholder Returns (Share Buybacks) ¥130bn share buybacks decided for FY2025 Toward achieving a 10% ROE: continued consideration of share buybacks, taking into accou
Slide 15: Policy for Sale of Strategic-Holding Stocks
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 16: 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 250 50 46 43 40 200 38 40 36 33 30 31 150 30 26 20 2
Slide 17: Shareholders Returns (Share Buyback)
Shareholders Returns 5. Shareholders Returns (Share Buyback) Implement ¥410billion share buyback in 7 years. Continued high-level and stable shareholders returns. (Billions of yen) Dividend 97.4% ¥410bn 200 100.0% Share Buyback 180 Total Return Rate(Single year) 84.4% 90.0% Share Buybacks 160 80.0%
Slide 18: Strategy and Progress
Strategy and Progress 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 18
Slide 19: 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 20: 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 property management of office buildings, across Japan, mainl
Slide 21: 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 22: 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 23: 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 24: 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 25: 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 26: 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,