Full Year 2023 Mitsui Fudosan Co Ltd Earnings Presentation Transcript

May 12, 2023 / NTS GMT
Presentation
May 12, 2023 / NTS GMT

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Corporate Participants
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* Atsuro Uchida
* Takashi Ueda
Mitsui Fudosan Co., Ltd. - MD, President, CEO & Director

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Atsuro Uchida -

Thank you for participating in today's investor and analyst briefing. I will explain Mitsui Fudosan's results. I will start with the highlights. For the fiscal year ending March 2023, Mitsui Fudosan grew operating revenues by 8% year-on-year or JPY 168.2 billion, operating profit by 24.7% or JPY 60.4 billion, ordinary profit by 18% or JPY 40.4 billion and profit attributable to owners of the parent by 11.3% or JPY 20 billion.

We reported higher sales and income for all levels of profit, also achieving new record highs. In addition, the results for operating income and other levels of profit exceeded our full year forecast. Next, I will cover the year-on-year change in operating income by segment. First, the Leasing segment. Operating profit was JPY 149.1 billion, up JPY 19.1 billion year-on-year for a new record high. In

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