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Mitsubishi Estate, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 35%, Oct-Dec Ordinary Profit Increases by 82%

Fri Feb 7, 2025 3:30 pm JST Earnings

8802 Mitsubishi Estate Company, Limited 【J-GAAP】

Earnings Report

Mitsubishi Estate Company, Limited <8802> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 166 billion yen, an increase 35.3% compared to the same period last year. The progress rate toward the full-year plan of 252 billion yen was 66.2%, exceeding the five-year average of 61.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 27.7% from the same period last year to 85.1 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 81.8% from the same period last year, reaching 87.3 billion yen. The operating profit margin jumped from 16.7% in the same period last year to 23.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 906,324 200,012 183,004 102,809 77.8 67.3 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 926,448 146,821 123,284 77,547 60.6 51.1 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 1,047,919 194,478 166,809 105,791 84.2 66.2 Feb 7, 2025 J-GAAP
YoY +13.1% +32.5% +35.3% +36.4% +39.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 916,754 188,313 165,934 126,886 99.4 20 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 954,935 200,122 172,558 122,979 98.7 22 Nov 7, 2024 J-GAAP
YoY +4.2% +6.3% +4.0% -3.1% -0.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,377,827 296,702 271,819 165,343 125.5 38 May 11, 2023 J-GAAP
Mar, 2024 1,504,687 278,627 241,158 168,432 132.0 40 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,596,000 300,000 252,000 173,000 138.9 43 May 10, 2024 J-GAAP
YoY +6.1% +7.7% +4.5% +2.7% +5.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 338,515 56,507 48,060 36,001 28.1 16.7 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 578,239 131,806 117,874 90,885 71.2 22.8 May 10, 2024 J-GAAP
Apr - Jun, 2024 328,239 51,798 43,794 25,941 20.5 15.8 Aug 8, 2024 J-GAAP
Jul - Sep, 2024 312,826 48,080 35,648 24,080 19.1 15.4 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 406,854 94,600 87,367 55,770 44.4 23.3 Feb 7, 2025 J-GAAP
YoY +20.2% +67.4% +81.8% +54.9% +57.8%

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