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mitsubishi estate co ltd (8802) Details

Mitsubishi Estate Co., Ltd. engages in the real estate activities in Japan and internationally. The company’s Building Business segment is involved in the development, leasing, and property management of office buildings; management and operation of shopping centers and parking lots; and provision of district heating and cooling services. Its Residential Business segment develops, sells, leases, and manages condominiums, single-unit homes, and residential land; provides condominium management and consulting services; and operates and manages golf courses and custom-built housing projects, as well as engages in the renovation activities. The company’s Lifestyle Property Business segment is involved in the property planning, development, tenant leasing, and management operations. This segment develops various types of retail properties. Its International Business segment engages in the development and leasing of real estate projects in the United States, the United Kingdom, and Asia. The company’s Investment Management Business segment manages real estate investment trusts, and assets of individual and institutional investors. Its Architectural Design & Engineering Business segment is involved in the design and administration of construction and civil engineering projects, building renovation work, and projects related to urban and regional development, as well as provision of consulting, interior design administration, and construction services. The company’s Hotels Business segment operates a network of eight hotels in Japan under the Royal Park Hotels brand name. Its Real Estate Services segment provides real estate agency and consulting; condominiums management; office building leasing; and parking lots for individuals and corporations. Mitsubishi Estate Co., Ltd. was founded in 1890 and is headquartered in Tokyo, Japan.

8,474 Employees
Last Reported Date: 06/29/16
Founded in 1890

mitsubishi estate co ltd (8802) Top Compensated Officers

Chief Executive Officer, President, Represent...
Total Annual Compensation: ¥92.0M
Compensation as of Fiscal Year 2016.

mitsubishi estate co ltd (8802) Key Developments

Mitsubishi Corporation and Mitsubishi Estate Co., Ltd. Agree to Commence the Project in Downtown Yangon, Myanmar

Mitsubishi Corporation and Mitsubishi Estate Co., Ltd. announce their July 12, 2016 agreement to commence the Project (the Project), a large mixed-use development project in Downtown Yangon, Myanmar. The Project will be developed in collaboration with Yoma Strategic Holdings Ltd. (Yoma) and First Myanmar Investment Co., Ltd. (FMI). Both Yoma and FMI are affiliates of the Serge Pun & Associates Ltd. Group (SPA Group), a major Myanmar-based conglomerate. The Project entails redeveloping a site of around four hectares, where the SPA Group had constructed and operated an office building, commercial facilities, a hotel and other real estate assets. It will involve constructing two office buildings, one condominium, one building combining a hotel and serviced apartments, with commercial facilities being installed on the lower floors of each building, across a total floor area of over 200,000 m. Mitsubishi Corporation and Mitsubishi Estate will form an alliance, for the implementation of the Project through a joint venture set up in Singapore. The Project will also benefit from a preferred equity investment to be provided by the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN). Total investment commitment by the Japanese Partners is up to approximately USD 200 million. JOIN was established in October 2014 through public and private sector equity participation with the aim of facilitating urban and infrastructure development by Japanese corporations overseas. The Project will be JOINs first equity participation project in the field of overseas urban development. The Japanese Partners will work with Yoma and FMI to establish a local project company. The Asian Development Bank (ADB) and the International Finance Corporation (IFC) will also make equity contributions, and the Local Project Company will borrow project funds from these two financial institutions to finance the Project. The Project will combine the real estate development know-how that Mitsubishi Corporation and Mitsubishi Estate have accumulated around the world and Japans high technological and product planning capabilities with the SPA Groups extensive experience in the real estate business in Myanmar. This will allow the provision of high value-added urban infrastructure and related services, which, it is hoped, will contribute to rapid economic development in Myanmar.

Mitsubishi Estate Co., Ltd. Announces Dividend for the Full Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2016; Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017

Mitsubishi Estate Co., Ltd. announced dividend of JPY 9.00 per share for the year ended March 31, 2016 compared to JPY 8.00 per share a year ago. The dividend is payable on June 30, 2016. Record date is March 31, 2016. The company provided dividend guidance for the second quarter and full year of fiscal 2017. For the second quarter 2017, the company expected dividend of JPY 8.00 per share. For the fourth quarter 2017, the company expected dividend of JPY 8.00 per share. The company reported consolidated and non-consolidated earnings results for the full year ended March 31, 2016. For the full year, on consolidated basis, the company reported revenue from operations of JPY 1,009,408 million, operating income of JPY 166,199 million, income before taxes and special items of JPY 144,851 million, profit attributable to owners of parent of JPY 83,426 million or JPY 60.12 diluted EPS, ROE of 5.6% compared to revenue from operations of JPY 1,110,259 million, operating income of JPY 156,332 million, income before taxes and special items of JPY 133,113 million, profit attributable to owners of parent of JPY 73,338 million or JPY 52.84 diluted EPS, ROE of 5.2% for the same period last year. Cash flows from operating activities were JPY 135,821 million against JPY 200,078 million a year ago. Interest-bearing debt was JPY 2,291,038 million compared to JPY 1,929,355 million a year ago. EBITDA was JPY 252,034 million against JPY 239,934 million a year ago. Return on assets was 3.4% compared to 3.4% a year ago. Income before income taxes and minority interests was JPY 141,850 million against JPY 100,201 million a year ago. Purchases of property and equipment were JPY 275,316 million against JPY 177,331 million a year ago. For the full year, the non-consolidated company reported revenue from operations of JPY 380,951 million, operating income of JPY 75,925 million, income before taxes and special items of JPY 67,770 million, net income of JPY 43,418 million or JPY 31.29 diluted EPS compared to revenue from operations of JPY 414,683 million, operating income of JPY 77,564 million, income before taxes and special items of JPY 79,875 million, net income of JPY 51,347 million or JPY 37.00 diluted EPS for the same period last year. For the fiscal year ending March 31, 2017, the consolidated company expected revenue from operations of JPY 1,102,000 million, operating income of JPY 175,000 million, income before taxes and special items of JPY 150,000 million, profit attributable to owners of the parent of JPY 86,000 million or JPY 61.98 EPS. Income before income taxes and minority interests of JPY 145,000 million, profit of JPY 82,000 million, interest-bearing debt of JPY 2,425,000 million, cash flow from operating activities of JPY 44,000 million, EBITDA of JPY 262,500 million. Return on assets of 3.3% and return on equity of 5.6%. Purchases of property and equipment of JPY 330,000 million.

Mitsubishi Estate Co., Ltd., Annual General Meeting, Jun 29, 2016

Mitsubishi Estate Co., Ltd., Annual General Meeting, Jun 29, 2016. Agenda: To discuss dividend for the year ended March 31, 2016.

 

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Price/Sales 2.8x
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TEV/Sales 0.0x
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