Mitsui Fudosan (8801) Corporate presentation summary

Financial performance and assets

• Total assets reached approximately ¥10.1 trillion, with tangible and intangible fixed assets at ¥4.6 trillion and real property for sale at ¥2.6 trillion.

• FY2025 profit attributable to owners was ¥278.6B, with an EPS of ¥101; FY2026 forecasts show profit at ¥285B and EPS at ¥105.

• Business income for FY2026 is forecast at ¥450B, with an 8% or higher annual EPS growth rate targeted through FY2030.

• ROE is projected at 8.7% for FY2026, aiming for 10% by FY2030, while maintaining a D/E ratio of 1.2–1.5 times.

• Shareholder returns include a total payout ratio of 50% or higher and a dividend payout ratio around 35% per period.

Revenue structure and business segments

• Revenue from operations is approximately ¥2.8 trillion, with leasing contributing 34%, property sales 27%, and management 19%.

• Facility operations, hotels & resorts, and sports & entertainments collectively account for 20% of revenue.

• Asset management, brokerage, and new construction under consignment make up the remaining revenue.

• Rental properties represent 37% of total assets, with an expected NOI yield of 8.1%.

• Overseas assets account for 32% of the portfolio, valued at ¥3.1 trillion as of FY2025.

Market position and operational highlights

• Office vacancy rate in central Tokyo is 1.99%, with 22 LaLaport and 14 Outlet Park retail facilities domestically.

• Logistics operations include 89 properties in Japan and overseas, with a cumulative investment of ¥1.45 trillion.

• Property sales to individuals forecast 2,350 condominium contracts in FY2026, with an 83% contract progress rate.

• Mitsui Garden Hotels operates 52 facilities with 13,100 rooms and 1.29 million members as of June 2026.

• Tokyo Dome and adjacent facilities serve approximately 40 million visitors annually.