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Investor Presentaiton

Fiscal 2009 forecast *1 (March 31, 2010) A Revenue from Operations 1,410.0 1,420.0 1 Earnings Overview 1-3 Revised Projections (P/L) for FY2009 (Ending March 31,2010) Fiscal 2009 forecast *2 (March 31, 2010) B (Billions of yen) change Year-on-year A-B (10.0) MITSUI FUDOSAN GROUP Leasing 546.0 552.0 Sales of Housing, Office Buildings and Land Housing Sales 402.0 393.0 (6.0) 9.0 310.0 348.0 (38.0) Other Sales 92.0 45.0 47.0 Brokerage, Consignment Sales and Consulting 63.0 63.0 Property Management 105.0 109.0 (4.0) Other Segments *3 294.0 303.0 (9.0) Operating Income 120.0 150.0 (30.0) Leasing 94.0 97.0 (3.0) Sales of Housing, Office Buildings and Land 20.0 44.0 (24.0) Housing Sales 17.0 27.8 (10.7) Reflects time required to backfill vacancies and other factors Reflects reassessment of number of condominiums to be sold, devaluation loss and other factors Other Sales 2.9 16.1 (13.2) Reflects loss on transfer of assets to Brokerage, Consignment Sales and Consulting 10.0 10.0 Property Management 16.0 16.0 Other Segments *3 1.0 3.0 (2.0) Elimination or Corporate (21.0) (20.0) (1.0) Nippon Accommodations Fund, devaluation loss and other factors Reflects impact of sluggish economy on hotel and resort business and other factors Non-Operating Income/Expenses (27.0) (25.0) (2.0) Ordinary Income 93.0 125.0 (32.0) Extraordinary gains (losses) (5.0) (10.0) 5.0 Income before Income Taxes 88.0 115.0 (27.0) Income Taxes/Minority Interests (38.0) (48.0) 10.0 50.0 67.0 (17.0) Net Income 1. Announced on October 29, 2009 2. Announced on April 30, 2009 3. Other Segments: "Construction," "Sales of Housing Materials and Merchandise," "Facility Operations" and "Other" segments O Mitsui Fudosan Co., Ltd. 6
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