IR

Segment Overview

Change in Financial Segment 「Effective from FY2023」

Mitsui Fudosan has undertaken a change in its business segments effective from April 2023. Brief details are as follows.
・The previous four “Leasing,” “Property Sales,” “Management,” and “Other” segments have been reclassified into the five “Leasing,” “Property Sales,” “Management,” “Facility Operations,” and “Other” segments.
・The “Facility Operations” and “Tokyo Dome” categories included in the “Other” segment have been consolidated into the “Facility Operations” segment.

1.Leasing

Revenue from Operations

Millions of Yen

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3Q FY2023 3Q FY2022 Change
Office Buildings
Revenue
331,601 316,190 15,411
Retail Facilities
Revenue
213,446 194,289 19,157
Other
Revenue
61,147 48,588 12,559
Total
Revenue
Operating Income
606,195
130,731
559,067
115,436
47,128
15,295

Leased Floor Space

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3Q FY2023 3Q FY2022 Change
Office Buildings
Leased Floor Space (1,000m2)
  Owned
  Managed

2,096
1,499

1,969
1,493

127
6
Retail Facilities
Leased Floor Space (1,000m2)
  Owned
  Managed

2,010
670

1,920
638

90
32
Total (1,000m2) 6,275 6,020 255
Vacancy Rate (%)* 3.9 5.8 (1.9)pt

* Office Buildings and Retail Facilities (Consolidated)

Office Buildings

The Mitsui Fudosan Group leases its own property holdings and subleases office buildings on behalf of clients, both in Japan and overseas.
Under the slogan of "COLORFUL WORK PROJECT," "Mitsui Office" is pioneering workstyle and workplace diversity so that anyone can work in a way that expresses their individuality.
We provide spaces that are not just for work, but where people can gather and explore new lifestyles through a variety of activities both on and off the clock.

Retail Facilities

The Mitsui Fudosan Group develops shopping centers around Japan based on various concepts, such as "Mitsui Shopping Park LaLaport", "MITSUI OUTLET PARK", "Mitsui Shopping Park Urban" and "Mitsui Shopping Park RAYARD", which integrates parks and retail facilities. We also operate our own e-commerce website "& mall".

Mitsui Fudosan Group's shopping centers

2.Property Sales

Revenue from Operations / Operating Income

Millions of Yen

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3Q FY2023 3Q FY2022 Change
Property Sales to Individuals
(Domestic)
  Revenue
  Operating Income

207,478
36,899

195,643
29,555

11,834
7,344
Property Sales to Investors
and Individuals (Overseas), etc.
  Revenue
  Operating Income

196,475
49,196

232,336
61,334

(35,861)
(12,137)
Total
  Revenue
  Operating Income

403,953
86,096

427,980
90,889

(24,027)
(4,793)

Property Sales to Individuals (Domestic)

The Mitsui Fudosan Group is engaged in the sale of condominiums and detached houses in Japan. Our properties are of the highest quality, thanks to meticulous quality control measures and innovative concepts that make owners feel warm and proud. Our policy is to deliver products that leave a lasting, positive impression on our customers.

Property Sales to Investors and Individuals (Overseas), etc.

The Mitsui Fudosan Group develops and sells various properties, such as office buildings, retail facilities, logistics facilities, and leasing housing to a range of investors, including Japanese real estate investment trusts (J-REITs) and private funds. Overseas, we sell condominiums in the U.S., U.K., and Asia.

3.Management

Revenue from Operations / Operating Income

Millions of Yen

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3Q FY2023 3Q FY2022 Change
Property Management
  Revenue
  Operating Income

257,127
28,982

248,668
28,048

8,459
934
Brokerage, Asset Management, etc.
  Revenue
  Operating Income

79,824
16,891

80,146
19,867

(322)
(2,975)
Total
  Revenue
  Operating Income

336,952
45,874

328,814
47,915

8,137
(2,041)

Property Management

The Mitsui Fudosan Group provides property management and tenant improvement services on a consignment basis covering a variety of properties, including office buildings and retail facilities. We also engage in comprehensive car parking services, provided under the "Mitsui Repark" brand.

Brokerage, Asset Management, etc.

The Mitsui Fudosan Group brokerage business for individual customers covers existing residential properties under the "Mitsui Rehouse", the nation’s No. 1 residential brokerage service brand. We also act as broker for business-use properties for corporate clients and others. In the asset management business, we deploy the specialist real estate-related knowledge, expertise, and network of the Mitsui Fudosan Group to offer exceptional investment opportunities and reliable asset management services to J-REITs, private funds, and other investors.

4.Facility Operations

Revenue from Operations

Millions of Yen

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3Q FY2023 3Q FY2022 Change
Hotels and Resorts *
  Revenue
104,744 68,122 36,621
Sports and Entertainments *
  Revenue
39,686 38,677 1,008
Total
  Revenue
  Operating Income

144,430
21,163

106,800
(3,316)

37,630
24,480

* Effective from the first quarter of the fiscal year ending March 31, 2024, the financial segments have been changed.
   Figures for the year-on-year period are after the new segment reclassification.

Hotels and Resorts

The Mitsui Fudosan Group operates "the Mitsui Garden Hotels", "THE CELESTINE HOTELS" and "sequence" hotels, as well as world-class luxury hotels and resort hotels in Japan, and operates "Halekulani" and "Halepuna Waikiki by Halekulani" in Hawaii.

Sports and Entertainments

The Mitsui Fudosan Group engages in stadium and arena business mainly in Tokyo Dome City.

5.Other

Revenue from Operations

Millions of Yen

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3Q FY2023 3Q FY2022 Change
New Construction
under Consignment and Reform, etc. *
  Revenue
179,158 176,700 2,457
Other *
  Revenue
28,324 27,029 1,294
Total
  Revenue
  Operating Income

207,483
1,865

203,730
(1,543)

3,752
3,408

* Effective from the first quarter of the fiscal year ending March 31, 2024, the financial segments have been changed.
   Figures for the year-on-year period are after the new segment reclassification.

Millions of Yen

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3Q FY2023 3Q FY2022 Change
Revenue from New Construction
under Consignment Orders Receive
97,828 104,813 (6,985)

New Construction under Consignment and Reform, etc.

Mitsui Home engages in custom-built housing and reform business.

Other

The Mitsui Fudosan Group engages in mega-solar business and operates golf clubs in Japan.

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