Q2 2021 Mitsui Fudosan Co Ltd Earnings Presentation Transcript

Nov 09, 2020 / NTS GMT
Presentation
Nov 09, 2020 / NTS GMT

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Corporate Participants
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* Masanobu Komoda
Mitsui Fudosan Co., Ltd. - President, CEO & Director
* Wataru Hamamoto
Mitsui Fudosan Co., Ltd. - MD, Executive Managing Officer, COO of DX Division & Director

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Wataru Hamamoto - Mitsui Fudosan Co., Ltd. - MD, Executive Managing Officer, COO of DX Division & Director

I am Wataru Hamamoto, Executive Managing Officer of the Accounting and Finance department. Thank you for taking time out of your busy schedules to participate in Mitsui Fudosan's analyst briefing. I will present the results for the first half of the fiscal year ending March 2021.

I will touch briefly on our first-half results, which we have already announced. Reflecting the impact of COVID-19, both operating revenues and profits fell on a year-on-year basis. Operating income was JPY 64.1 billion, down 49.5% year-on-year. As you are already aware, the decline was the result of the closure of many of our retail

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