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Investor Presentaiton

Fiscal 2009 Earnings Six Months Ended (September 30, 2009) A Fiscal 2008 Earnings Six Months Ended (September 30, 2008) B 1 Earnings Overview 1-2 Summary of Six Months Ended September 30, 2009 (P/L) (Billions of yen) Fiscal 2009 (March 31, 2010) forecast *1 Progress A÷C MITSUI FUDOSAN GROUP change Year-on-year A-B C Revenue from Operations 665.7 614.5 51.1 1,410.0 47.2% Leasing 275.4 263.3 12.0 546.0 50.4% Sales of Housing, Office Buildings and Land 192.8 124.1 68.7 402.0 48.0% Housing Sales 163.5 104.7 58.7 310.0 52.7% Other Sales *2 29.3 19.3 9.9 92.0 31.9% Brokerage, Consignment Sales and Consulti 30.2 40.1 (9.8) 63.0 48.1% Property Management 48.5 49.3 (0.8) 105.0 46.2% Other Segments *3 118.6 137.5 (18.9) 294.0 40.3% Operating Income 86.7 70.9 15.8 120.0 72.3% Leasing 53.0 51.9 1.0 94.0 56.4% Sales of Housing, Office Buildings and Land 35.8 10.4 25.3 20.0 179.2% Housing Sales 22.7 7.4 15.2 17.0 133.3% Other Sales *2 13.1 3.0 10.0 2.9 444.6% Brokerage, Consignment Sales and Consulti 4.0 11.8 (7.7) 10.0 40.9% Property Management 7.8 7.9 (0.1) 16.0 48.8% Other Segments *3 (3.8) (1.6) (2.2) 1.0 Elimination or Corporate (10.1) (9.6) (0.5) (21.0) Non-Operating Income/Expenses (13.8) (11.1) (2.7) (27.0) Ordinary Income 72.9 59.8 13.1 93.0 78.4% Extraordinary gains (losses) (6.7) 6.7 (5.0) Income before Income Taxes 72.9 53.0 19.9 88.0 82.9% Income Taxes/Minority Interests (30.0) (20.9) (9.0) (38.0) Net Income 42.8 32.0 10.8 50.0 85.8% 1. Announced on October 29, 2009 2. Property Sales to investors: Sales of income-producing properties to investors 3. Other Segments: "Construction," "Sales of Housing Materials and Merchandise," "Facility Operations" and "Other" segments O Mitsui Fudosan Co., Ltd. 4
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