Mitsui Fudosan Logst Reit (MFLPF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. I am Kijima, Executive Manager of Investor Relations at Mitsui Fudosan. I will present in detail the full year results for the fiscal year ended March 2026. Similar to last time, I will use the Financial Results and Business Highlights presentation dated May 13, which is available on our website. As usual, I will begin with the result highlights on slide 3 of the presentation. As indicated in the blue box on the upper part of the page and the figures in the table, in fiscal 2025 we achieved year-on-year growth for each of operating revenue, operating income, business income, ordinary income, and profit attributable to owners of the parent, exceeded our forecast for the full year, and also set record highs for all levels of earnings. As shown in the box on the lower right, the resulting full-year EPS was 101 yen for an EPS CAGR of 13.4% from the fiscal 2023 EPS forecast of 78.5 yen. The ROE for fiscal 2025 was 8.7%. Mitsui Fudosan achieved its fiscal 2026 goals for ROE, business income, and net profit under the group long-term vision and Innovation 2030 one year ahead of plan. Our forecast for fiscal 2026 as shown in the lower part of the blue box and the figures in the table are operating revenue of 2.8 trillion yen, business income of 450 billion yen, and profit attributable to owners of the parent of 285 billion yen. We project record high earnings in fiscal 2026, Our forecasts represent the 15th consecutive year of record highs for operating revenue, the 3rd consecutive year for business income, and the 5th consecutive year for net profit. Returning to the box on the lower right, as a consequence of these forecasts, we project a 3-year CAGR of 10.3% for growth metric EPS growth. we are expecting to significantly exceed the fiscal 2026 CAG...