Mitsui Fudosan Financial Overview and Property Sales Business
1. Overview of Results for the Fiscal Year Ended March 31, 2010 (Fiscal 2009)
1-4: Disclosure of Market Value of Rental Properties
DISCLOSURE OF MARKET VALUE OF RENTAL PROPERTIES
Effective the end of the year under review, the Company will disclose the market value of its rental properties
according to "Accounting Standard for Disclosures about Fair Value of Investment and Rental Property."
*
Properties subject to disclosure: Properties being rented, investment properties, idle real estate
Properties not subject to disclosure: Real property for sale; property used for manufacture/sale of goods,
provision of services, or business operational purposes; property held by SPCs
In the case of the Mitsui Fudosan Group, main properties subject to disclosure are office buildings, retail facilities,
and rental housing units, while main properties not subject to disclosure are hotels operated in-house, golf courses,
and properties used for in-house purposes. Of total tangible and intangible fixed assets stated in the consolidated
balance sheets (amounting to ¥2,105 billion at March 31, 2010), properties subject to the aforementioned
disclosure amounted to ¥1,845 billion.
Rental income (after depreciation) from rental properties subject to disclosure amounted to ¥79 billion.
Amount shown on consolidated
balance sheets at fiscal year-end
Market value at fiscal year-end
Change (amount)
(\ billions)
1,845
2,599
753
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