IR

Segment Overview

1.Leasing

Revenue from Operations

Millions of Yen

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Three Months Ended Jun. 30 Change
2022 2021
1. Office Buildings
Revenue
101,247 93,394 7,853
2. Retail Facilities
Revenue
62,757 51,266 11,490
3. Other
Revenue
15,526 11,948 3,577
Total
Revenue
Operating Income

179,531
39,304

156,610
31,128

22,921
8,175

Leased Floor Space

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As of Jun. 30 Change
2022 2021
Office Buildings
Leased Floor Space (1,000m2)
  Owned
  Managed

1,815
1,484

1,970
1,412

(155)
72
Retail Facilities
Leased Floor Space (1,000m2)
  Owned
  Managed

1,897
638

1,780
532

117
106
Total (1,000m2) 5,835 5,694 141
Vacancy Rate (%)* 4.0 3.7 0.3pt

※ Office Buildings and Retail Facilities (Consolidated)

1. Office Buildings

The Mitsui Fudosan Group leases its own property holdings and subleases office buildings on behalf of clients, both in Japan and overseas.
In our office building business, we continue to create "Mitsui Office" that can bring "Sustainability and Safety," "Comfort and Efficiency," and "Expansion and Innovation" to every individual and company working there, without being confined by the existing concept of "office buildings" under the slogan of "Next-­Generation Offices." We provide the platform for everyone who visits our office buildings, all the tenant companies and the local community to meet each other and make connections, thus adding new value that is varied and innovative which allows us to grow together.

2. Retail Facilities

The Group develops shopping centers around Japan based on a diversity of innovative concepts. Notable among these is Mitsui Shopping Park LaLaport Tokyo Bay (Funabashi, Chiba), one of the largest shopping centers in Japan. We have also developed outlet malls as well as urban center-style malls.

Mitsui Fudosan Group's shopping centers

2.Property Sales

Revenue from Operations / Operating Income

Millions of Yen

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Three Months Ended Jun. 30 Change
2022 2021
Property Sales to Individuals
(Domestic)
  Revenue
  Operating Income

76,102
10,310

58,853
7,861

17,249
2,449
Property Sales to Investors
and Individuals (Overseas), etc
  Revenue
  Operating Income

126,330
32,597

59,945
9,076

66,384
23,520
Total
  Revenue
  Operating Income

202,432
42,907

118,798
16,937

83,634
25,969

1.Property Sales to Individuals

The Company sells between condominiums and detached houses mainly in domestically and overseas. Our properties feature the highest quality, thanks to meticulous quality control measures, as well as innovative concepts that give the owners a feeling of warmth and pride. Our policy is to deliver products that leave a lasting, positive impression on our customers.

2.Property Sales to Investors

The Group develops and sells various business-use properties, such as office buildings, retail properties, rental condominiums, and hotels to a range of investors, including Japanese real estate investment trusts (J-REITs) and private funds.

3.Management

Revenue from Operations / Operating Income

Millions of Yen

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Three Months Ended Jun. 30 Change
2022 2021
Property Management
  Revenue
  Operating Income

80,951
8,210

78,549
6,484

2,401
1,725
Brokerage, Asset Management, etc.
  Revenue
  Operating Income

25,765
5,778

25,159
5,096

606
681
Total
  Revenue
  Operating Income

106,717
13,988

103,708
11,581

3,008
2,407

1.Property Management

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

2.Brokerage, Asset Management, etc.

The Group’s brokerage business for individual customers covers existing residential properties under the Mitsui Rehouse name, 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.Other

Revenue from Operations

Millions of Yen

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Three Months Ended Jun. 30 Change
2022 2021
New Construction
under Consignment
33,595 31,247 2,348
Facility Operations 17,326 7,909 9,417
Tokyo Dome* 13,393 10,443 2,949
Other 23,718 19,986 3,732
Total 88,034 69,586 18,448

※ In the first quarter of the fiscal year ending March 2022,we established the "Tokyo Dome" subsegment.

Millions of Yen

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Three Months Ended Jun. 30 Change
2022 2021
Revenue from New Construction
under Consignment Orders Receive
32,861 38,883 (6,022)

1.New Construction under Consignment

As Japan’s leading builder of two-by-four houses, Mitsui Home uses its advanced technologies and consulting expertise to make top-quality, well-designed houses conducive to long-term living.

2.Facility Operations

The Mitsui Fudosan Group operates the Mitsui Garden Hotels, THE CELESTINE HOTELS, Sequence, luxury hotels, and resort hotels in Japan, as well as the Halekulani Hotel and Waikiki Park Hotel in Hawaii. The Group also operates a number of golf clubs in Japan.

3.Tokyo Dome

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

4.Other

The Mitsui Fudosan Group engages in Mega-solar businesses, and Mitsui Fudosan Reform provides renovation services for condominiums and detached housing.

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