Investor Presentaiton
4-2. Forecasts for the Year to March 2022 (FY2021)
Consolidated Statement of Earning Forecasts
<Details of revision of earnings forecast>
The Leasing segment is expected to increase by 56.9 billion yen and profit by 7.2 billion yen,
despite the impact of COVID-19, due to improved facility sales at commercial facilities and the
contribution of new full-year operating properties.
In the Property Sales segment, net sales and operating income of Property Sales to Individuals
(Domestic) business are expected to decrease, mainly due to fewer units of large-scale
properties being delivered. Both sales and income are expected to increase in the Property for
Investors business due to expected sales of real estate in response to the strong real estate
investment market. Overall segment sales are expected to decrease by 44.7 billion yen and
profit is expected to increase by 14.7 billion yen.
In the Management segment, revenue is expected to increase by ¥17.0 billion and profit by
¥4.0 billion, due to the contribution to earnings from an increase in the number of transactions
in the brokerage business for individuals, as well as improved occupancy rates and continued
cost reductions in the Re-Park (rental parking lot business).
In the Other segment, the Hotel and Resort business will continue to post losses mainly due to
the impact of COVID-19, but we expect revenue to increase by 113.1 billion yen and profit to
rise by 5.2 billion yen due to an expected recovery in occupancy rates, mainly driven by
domestic demand.
The profit and loss of the Tokyo Dome Group will be included in the "Other" segment from the
first quarter of the fiscal year ending March 31, 2022.
As a result, operating revenue is expected to increase by ¥142.4 billion to ¥2,150.0 billion,
and operating income is expected to increase by ¥26.2 billion to ¥230.0 billion. Ordinary
income will increase by 36.1 billion yen to 205.0 billion yen, factoring in the recovery of equity
in earnings of affiliates in non-operating income and expenses. Net income attributable to
shareholders of the parent company will increase by 30.4 billion yen to 160.0 billion yen,
taking into account extraordinary gains and losses of 30.0 billion yen.
We plan to pay an annual dividend of 44 yen per share (22 yen at the interim and 22 yen at
the year-end) for the next fiscal year.
Financial Statement
Consolidated Income Statement (Forecasts)
Revenues from Operations
Leasing
Property Sales
Management
Other
Other
3/2022
Forecast
(as of May 14, 2021)
0
2,150.0
3/2021
Actual
(Billions of yen)
Change
2,
2,007.5
142.4
680.0
623.0
56.9
670.0
714.7
(44.7)
420.0
402.9
17.0
380.0
266.8
113.1
Operating Income
230.0
203.7
26.2
Leasing
128.0
120.7
7.2
Property Sales
Management
133.0
118.2
14.7
44.0
39.9
4.0
(22.0)
(27.2)
5.2
(53.0)
(47.9)
(5.0)
(25.0)
(34.9)
9.9
(28.0)
(26.4)
(1.5)
3.0
(8.4)
11.4
Ordinary Income
205.0
168.8
36.1
Extraordinary Gains/Losses
30.0
22.9
7.0
Income before Income Taxes
235.0
191.8
43.1
Income Taxes
75.0
62.0
12.9
Profit
160.0
129.7
30.2
Profit attributable to non-
(0.0)
1.0
(1.0)
controlling interests
Profit attributable to owners
of the parent
160.0
129.5
30.4
Eliminations or Corporate
Non-operating Income/Expenses
Interest Income/Expense
Other
MITSUI FUDOSAN CO.,LTD
62
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