Since the establishment of an IR Group in April 2001, Mitsui Fudosan has been increasingly focusing on IR activities.
When undertaking IR activities, we endeavor to foster understanding among all shareholders, institutional investors, securities analysts and other market participants. Furthermore, we embark on all sorts of initiatives aimed at forming long-term relationships of trust with market participants. We seek to be evaluated appropriately as a result of such efforts.
To this end, we implement “timely,” “proper” and “proactive” disclosure of management strategies, financial status and other information, along with working to enrich the variety of IR tools.

Seeking to further boost corporate value, Mitsui Fudosan works to upgrade internal reserves to fund investments in more highly profitable businesses, while striving to maintain and increase dividends to shareholders, taking into account business conditions and its financial performance and standing.
Continuing from the previous fiscal year, we again declared an increase in dividends in the fiscal year ended March 31, 2008, paying out an annual dividend of 20 yen per share (paid out an annual dividend of 14 yen per share in the fiscal year ended March 31, 2007).
Concerning dividend payout, we adopt a policy of linking dividends with consolidated financial performance and have set it at around 20% of consolidated net income for the time being.

Mitsui Fudosan discloses information promptly according to the Securities and Exchange Law and related regulations, as well as the Rules on Timely Disclosure and other rules determined by the Tokyo Stock Exchange (TSE), with “transparency,” “fairness,” “continuity” and “timeliness” as its basic stance.
In the disclosure of information mandated by the Rules on Timely Disclosure and other rules, the disclosure is transmitted via TDnet, the timely disclosure network system operated by the TSE, in accordance with said Rules. Securities reports, semiannual reports and other disclosure documents are released via EDINET, the electronic disclosure system operated by the Financial Services Agency.
Simultaneously, this information is also uploaded on our website.
Concerning information not subject to the Rules on Timely Disclosure and other rules, we also proactively and promptly disclose information that is deemed useful in understanding the Company or important in making investment decisions and such as much as possible via our website, media organizations and other means.

Mitsui Fudosan's principal IR activities include making various IR tools available on our website, holding financial results briefings and analyst meetings, responding to private interviews and conducting overseas IR tours.
For individual investors and analysts, IR information (in Japanese and English) is uploaded on the website. This information includes our management policy, financial data, IR library, IR calendar and stock and shareholder information. We are working on enhancing the content in response to requests from market participants.
For institutional investors and analysts, in addition to providing information via our website, we also hold financial results briefings twice a year and are proactively involved in large and small meetings with institutional investors and analysts. Moreover, we respond to 300 or so private interviews and such each year. Furthermore, for overseas institutional investors and analysts, a group comprised of members of our management team also conducts tours about four times a year, during which they mainly respond to private interviews. Recently, we have visited many institutional investors in various parts of North America, Europe and Asia.
The voices of shareholders, institutional investors and analysts obtained through the various meetings, private interviews and other means in this manner are also feed back to our business.

Introduction of initiatives conducted by the Mitsui Fudosan Group for actual projects