Mitsui Fudosan Co., Ltd. · TSE:8801
Mitsui Fudosan — FY2012 Earnings Presentation
34 slides from Mitsui Fudosan's earnings presentation, May 2013
Slide 1: Mitsui Fudosan Analyst Meeting Presentation
www.mitsuifudosan.co.jp/english
Slide 2: Contents
Contents 1. Summary of Results for the Year Ended March 2013 (FY2012) 3. Overview of FY2012 (for the year Ended March 31, 2013) 1-1. Consolidated Income Summary (Overall) 2 3-1 Progress under the Group’s Long-Term Business Plan 1-2. Consolidated Segment Revenue & Operating Income 3 “Innovation 2017”
Slide 3: 1. Summary of Results for the Year Ended March 2013 (FY2012)
1. Summary of Results for the Year Ended March 2013 (FY2012)
Slide 4: 1-1. Consolidated Income Summary (Overall)
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-1. Consolidated Income Summary (Overall) (Billi (Billions off yen)) Full-Year 3/2013 3/2012 Change Actual/ (FY2012) (FY2011) Forecast Forecast (as of May 2012) Revenue from Operations 1 445 6 1,445.6 1 338 1 1,338.1 107 5 107.5 1 460 0 1
Slide 5: 1-2. Consolidated Segment Revenue & Operating Income
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-2. Consolidated Segment Revenue & Operating Income (Billions of yen) 3/2013 3/2012 Full-Year Change g Forecast (FY2012) (FY2011) (as of May 2012) Revenue from operations 1,445.6 1,338.1 107.5 1,460.0 L Leasing i 441 7 441.7 420 5 420.5 2
Slide 6: 1-3. Consolidated Income Summary: Leasing Segment
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-3. Consolidated Income Summary: Leasing Segment ● In the “Leasing” segment, overall revenue from operations and operating income increased ¥21.1 billion and ¥8.6 billion, respectively, compared with the previous fiscal year. In addition
Slide 7: 1-4. Reference – Nonconsolidated Results: Leasing
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-4. Reference – Nonconsolidated Results: Leasing Reference: Nonconsolidated ◆ Reference: Vacancy Rate at Fiscal Year-end (Nonconsolidated) （%） 8 Mar. 31,2013 Mar. 31,2012 6 5.3 5.0 4.4 4.0 4.1 Office buildings (Total) 4.0% 4.6% 3.9 3.8 4
Slide 8: 1-5. Consolidated Income Summary: Property Sales Segment
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-5. Consolidated Income Summary: Property Sales Segment ● In I the h fiscal fi l year under d review, i revenue ffrom operations i and d operating i iincome were up ¥25 ¥25.44 billi billion andd ¥5.0 ¥5 0 billion, billi respectively, i l
Slide 9: 1-6. Property Sales Segment (Property Sales to Individuals)
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-6. Consolidated Income Summary: Property Sales Segment (Property Sales to Individuals) （Units) ◆ Property Sales to Individuals Year Ended Year Ended March 2013 March 2012 Change (FY2012) (FY2011) Contracts at beginning of the year 2 500
Slide 10: 1-7. Consolidated Income Summary: Management Segment
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-7. Consolidated Income Summary: Management Segment ● In the fiscal year under review, revenue and earnings improved in the “Property Management” category due primarily to increases in the number of managed units in the “Repark” (Car Park
Slide 11: 1-8. Consolidated Income Summary: Mitsui Home Segment
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-8. Consolidated Income Summary: Mitsui Home Segment ●Revenue and earnings from the “New Construction” category declined. In addition to the amount of orders at the beginning of the period falling below the level recorded in the previous
Slide 12: 1-9. Consolidated Income Summary: Other Segment
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-9. Consolidated Income Summary: Other Segment ● In the fiscal year ended March 31, 2013, revenue from operations and operating income increased ¥1.4 billion and ¥0.7 billion, respectively, year on year. This was largely attributable to h
Slide 13: 1-10. Consolidated Balance Sheet Summary
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-10. Consolidated Balance Sheet Summary (Billions of yen) Mar. 31,2013 Mar. 31,2012 Change Mar. 31,2013 Mar. 31,2012 Change Current assets 1,202.8 941.7 261.1 Current liabilities 652.1 692.3 -40.1 40.1 Cash & time deposits 102.2 62.2 39.9
Slide 14: 1-11. Consolidated Assets: Real Property for Sale
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-11. Consolidated Assets: Real Property for Sale (Billions of yen) Mar. 31,2013 Mar. 31,2012 Change R l property Real t ffor sale l (including advances paid for purchases) 915.2 642.8 272.4 Mitsui Fudosan Residential * 393.8 407.2 -13.3 M
Slide 15: 1-12. Consolidated Assets: Tangible & Intangible Fixed Assets
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-12. Consolidated Assets: Tangible & Intangible Fixed Assets ●The balance of tangible and intangible fixed assets stood at ¥2,503.9 as of March 31, 2013, up ¥199.1 billion compared with the end of the previous fiscal year. This increase s
Slide 16: 1-13. Consolidated Liabilities: Interest-Bearing Debt
1. Summary of Results for the Year Ended March 2013 (FY2012) 1-13. Consolidated Liabilities: Interest-Bearing Debt ●As of March 31, 2013, interest-bearing debt stood at ¥2,120.2 billion on a consolidated basis, an increase of ¥376.8 billion compared with the end of the previous fiscal year. This was
Slide 17: 2. Forecast for the Year to March 2014 (FY2013)
2. Forecast for the Year to March 2014 (FY2013)
Slide 18: 2-1. Consolidated Income Statements
2. Forecast for the Year to March 2014 (FY2013) 2-1. Consolidated Income Statements ◆ Consolidated Income Statements (Billions of yen) Year to March Year Ended ●Leasing: Revenue from operations and operating income are 2014 (FY2013) March 2013 Change forecast to climb ¥14.2 billion and ¥0.6 billion,
Slide 19: 2-2. Financial Position & Property Sales to Individuals (Reference)
2. Forecast for the Year to March 2014 (FY2013) 2-2. Financial Position & Property Sales to Individuals (Reference) (Billions of yen) ◆ Financial Position Year to March Year Ended 2014 (FY2013) March 2013 Change Forecast (FY2012) Actual Real property for sale (including Advances Paid for Purchases)
Slide 20: 3. Overview of FY2012
3．Overview of FY2012 (for the year Ended March 31, 2013)
Slide 21: Our Understanding of the Business Environment
Our Understanding of the Business Environment 1. Leasing Market 2. Real Estate Investment Market 3. Residential Sales Market
Slide 22: 3-1 Progress under Long-Term Business Plan Innovation 2017
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-1 Progress under the Group’s Long-Term Business Plan “Innovation 2017” Long-Term Business Plan FY2012 Actual FY2013 Estimates FY2014 Targets FY2017 Goals Operating income ¥148.1 billion ¥160 billion ¥163 billion ¥240 billion or higher Net i
Slide 23: 3-2-1 Leasing (Office Buildings)
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-2-1 Leasing (Office Buildings) 2012 Central Tokyo Portfolio Map DiverCityy Tokyo y Office Tower Nihonbashi Astellas Mitsui Building Newly Opened Projects （Completed in or after FY2012, under development and in planning) Nihonbashi Muromachi
Slide 24: 3-2-2 Leasing (Retail Facilities)
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-2-2 Leasing (Retail Facilities) 2012 DiverCity Tokyo Plaza Mitsui Outlet Park Kisarazu LaLaport Shinmisato ANNEX Mitsui Outlet Park Kisarazu 2013 DiverCity Tokyo Plaza Mitsui Outlet Park Shiga Ryuo 2nd Stage Niigata bandai 1-chome Project L
Slide 25: 3-3-1 Implementing the Nihonbashi Smart City Initiative
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-3-1 Implementing the Nihonbashi Smart City Initiative Nihonbashi Revitalization Plan — the History of Nihonbashi A history of Nihonbashi and the vision of the future under the Nihonbashi Revitalization Plan historic buildings the city’s lan
Slide 26: 3-3-2 Implementing the Nihonbashi Smart City Initiative
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-3-2 Implementing the Nihonbashi Smart City Initiative Enter the Specified Electricity Utility Business; Kick-Off the Nihonbashi Smart City Initiative Contribute to bolstering Tokyo’s international competitiveness; build a city that is in
Slide 27: 3-4-1 Property Sales (A Model for Cooperation with Investors)
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-4-1 Property Sales (A Model for Cooperation with Investors) Revitalizing the Real Estate Investment Market Nippon pp Building g Fund,, Inc. Frontier Real Estate Investment Corporation p Nippon Accommodations Fund, Inc. Mitsui Fudosan Privat
Slide 28: 3-4-2 Property Sales (Property Sales to Individuals)
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-4-2 Property Sales (Property Sales to Individuals) Definitive Improvement in Profit Margins Steady Accumulation of Land Bank (Condominiums) Land Bank approx. pp 21,000 units 2013 Park Tower Shinonome P k City Park Cit Musashikosugi(*), M hi
Slide 29: 3-5 Management
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-5 Management Steady Increase in Asset Under Management Steady Increase in the Number of Consigned Properties and Units Handled ◆Increase in the number of brokerage units handled ◆Car Park leasing Business Expansion 24
Slide 30: 3-6 Global Business
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-6 Global Business Asia Europe and North America Vigorous promotion of retail facility, housing, and office building development and related activities Build a high-quality portfolio while replacing assets Value creation through proact
Slide 31: 3-7 Progress of the Investment Plan
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-7 Progress of the Investment Plan (Billions of yen) Long-Term Business Plan Innovation 2017 FY2013 Area and Type FY2012 Targets FY2012～2014 FY2015～2017 FY2012～2017 Total Capital 66.0 130 300-400 400-500 Approx. 800 expenditures mestic Dom R
Slide 32: 3-8 Financial Strategy
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-8 Financial Strategy Maintaining a Sound Financial Position Trends in the balance of interest-bearing debt and the D/E ratio 27
Slide 33: 3-9 Toward Strong Growth and Profitability for the Group
3. Overview of FY2012 (for the year Ended March 31, 2013) 3-9 Toward the Achievement Strong Growth and Profitability for the Mitsui Fudosan Group Long-Term Business Plan “Innovation 2017” [STAGE 1] FY2012 FY2014 FY2012-FY2014 Make investments and prepare foundation for future growth [STAGE 2] FY2015
Slide 34: Disclaimer
Disclaimer Disclaimer This presentation contains forward-looking statements that are based on information available and our judgment when we issued the presentation, and are subject to risks and uncertainties uncertainties. Actual results may differ from our forecasts depending on factors including