Supplementary Material
Second Quarter of Fiscal 2020
(April 1, 2020 - September 30, 2020)

Sumitomo Realty & Development Co., Ltd.

【Contents】
Progress of the Eighth Management Plan

3

Results for the Second Quarter of Fiscal 2020

5Forecasts for Fiscal 2020 (Apr 1, 2020 – Mar 31,2021) ( Revised on Nov 12, 2020 )6

Principal New Development Projects

7（Reference）Eighth Management Plan (Apr 2019 – Mar2022)

17

Sumitomo Realty & Development Co., Ltd.

Progress of the Eighth Management Plan

Progress of the Eighth Management Plan ( Apr 2019 – Mar 2022 )（Billions of yen）
*1Achievement
Rate

FY '19FY '20(Cumulative Totals)

Results( Forecast )Revenue fromOperations

3,100

1,014

900

62%

Operating Income

740

234

213

60%

Ordinary Profit

700

221

20060%

Forecast*1

Announced on May 16, 2019*2

*2

Revised on Nov 12, 2020

≪Reference≫ Results of the Past Management Plans (Years ended March 31)
Three-year
Cumulative totals

Revenue fromOperations（Billions of yen）

1st Plan*

2nd Plan

3rd Plan

4th Plan

5th Plan

6th Plan

7th Plan

1999-2001

2002-2004

2005-2007

2008-20102011-20132014-20162017-2019

1,270

1,606

1,939

2,107

2,170

2,442

2,886

OperatingIncome

202

265

349

435437

501

613

OrdinaryProfit

87

170

274

339

329

418558* The 1st plan began in the March 1998 fiscal year and spanned four years. Figures shown represent cumulative totals for the final three years of the plan.

Sumitomo Realty & Development Co., Ltd.

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Progress of the Eighth Management Plan

Historical Financial Results
Revenue fromOperations(Billions of yen)

1,100
Revenue from Operations
1,000

Operating Income
Ordinary Profit(Billions of yen)
'19

'20'21(F)

1,012

1,014

900

OperatingIncome

219

234

213

OrdinaryProfit

203

221

200

Revenue fromOperations

Operating Income
Ordinary Profit(Billions of yen)275
250900225

800

200700175600150500125400100

300

75200501002500'97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22(Years ended/ending March 31)(F) (F)
2nd Plan
3rd Plan
4th Plan
5th Plan
6th Plan
7th Plan
8th Plan
1st Plan

Sumitomo Realty & Development Co., Ltd.

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Results for the Second Quarter of Fiscal 2020

Results for the Second Quarter of Fiscal 2020 ( Apr 1 – Sep 30, 2020 )(Billions of yen)

Sep '19

Sep '20

ResultsResults

Increase/Decrease

FY '20( Forecasts )*Achieved

Leasing

194

197+3

390

50%

Sales

255

213(42)

270

79%Construction

9274(18)

180

41%

Brokerage

3831(7)

6052%

579

515(64)

900

57%

Leasing

8481(2)16051%

Sales

4653+753

99%

Construction

72(4)

1220%

Brokerage

95(4)

960%

138

133(5)

213

62%

(6)

(3)

+2(13)

-132

130

(2)

200

65%

93

97+4

140

69%

Revenue from Operations

Operating Income
Other income (expenses)
Ordinary Profit
Profit attributable toowners of parent

From the beginning of fiscal 2020 (year ending March 31, 2021), the business segments for revenue and income
from Sumitomo Real Estate Sales have been changed, from the allocation to "Sales", "Brokerage" and "Adjustments(not presented in the document)", to be consolidated into "Brokerage". Financial results for the second quarter offiscal 2019 (April 1, 2019-September 30, 2019) have been adjusted retroactively.

*Revised on Nov 12, 2020

Sumitomo Realty & Development Co., Ltd.

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Forecasts for Fiscal 2020 ( Apr 1, 2020 – Mar 31, 2021 )Forecasts for Fiscal 2020 ( Apr 1, 2020 – Mar 31, 2021) ( Revised on Nov 12, 2020 )(Billions of yen)

FY '19Results

FY '20FY '20
Increase/Decrease(Revised)(Previous)

Difference

Leasing

396

390

(6)

390-

Sales

325

270(55)270-

Construction219

180(39)170+10Brokerage

71

60

(11)

50+10

1,014

900(114)880+20

Leasing

169

160

(9)

163

(3)

Sales

46

53+747+6

Construction

21

12(9)

10+2Brokerage

15

9(6)

5+4

Operating Income

234

213(21)

204+9(14)(13)+1(14)+1221

200(21)

190+10

Revenue from Operations

Other income (expenses)
Ordinary ProfitProfit attributable toowners of parent141140(1)

From the beginning of fiscal 2020 (year ending March 31, 2021), the business segments for revenue and income
from Sumitomo Real Estate Sales have been changed, from the allocation to "Sales", "Brokerage" and"Adjustments (not presented in the document)", to be consolidated into "Brokerage". Financial results for the fiscal
2019 have been adjusted retroactively.

130+10Sumitomo Realty & Development Co., Ltd.

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Principal New Development Projects

Our Portfolio of Office Buildings for Leasing
A lineup that meets diverse needs of tenants in various scales and locations

Tokyo CBD*

Ikebukuro*Tokyo Central Business District

Ueno
Takadanobaba
Iidabashi

NakanoAkihabara
Shinjuku

Kojimachi

Roppongi

No.1 in Tokyo
with Over 230
230
Office Buildings

Nihombashi

Shiodome

Shibuya
Mita

Major flagship buildings*Including under construction

Large-scale buildings
Osaki

Other buildings
Sumitomo Realty & Development Co., Ltd.

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Principal New Development Projects

Principal New Office Building Projects
Project Name*

Location(Tokyo)Gross Floor
Area (Tsubo*)

1 tsubo = 3.3㎡

ExpectedCompletion

Sumitomo Fudosan Shinjuku Central Park Tower

Shinjuku Ward18,２00

Aug 2019

Sumitomo Fudosan Akihabara Ekimae Building

Chiyoda Ward

7,800

Aug 2019

Sumitomo Fudosan Ikebukuro Higashi Building

Toshima Ward

5,000

Sep 2019

Sumitomo Fudosan Akihabara First Building

Chiyoda Ward

8,200

Oct 2019

Haneda Airport Garden (Commercial Complex)

Ota Ward

27,700Mar 2020

Ariake Garden (Commercial Complex)

Koto Ward

60,100Mar 2020

Sumitomo Fudosan Kojimachi Garden Tower

Chiyoda Ward

14,400

May 2020

Sumitomo Fudosan Ochanomizu Building

Bunkyo Ward

3,800

Jan 2021

Sumitomo Fudosan Tamachi Building East

Minato Ward

3,900

Apr 2021

Sumitomo Fudosan Kanda Izumicho Building

Chiyoda Ward

3,000

Sep 2021

Shinagawa Ward

14,400Jan 2022

Osaki Higashi ProjectOthers

45,200

8th Plan Total

211,700

Tokyo Mita Redevelopment Project(Mita 3- and 4-chome Project)

Minato Ward

60,400Jan 2023

Nishi-shinjuku 5-chome Kita Project

Shinjuku Ward

41,300Mar 2023

Nakano 2-chome Project

Nakano Ward

30,000Feb 2024

Sumitomo Realty & Development Co., Ltd.

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Principal New Development Projects

Principal New Office Building Projects

Sumitomo Fudosan
Shinjuku Central Park Tower*1 tsubo = 3.3㎡

Sumitomo Fudosan
Akihabara Ekimae Building

Sumitomo FudosanIkebukuro Higashi Building

Location

Shinjuku Ward, Tokyo

Chiyoda Ward, Tokyo

Toshima Ward, TokyoCompletion

Aug 2019

Aug 2019

Sep 2019

Gross Floor
Area

18,200 tsubo

7,800 tsubo

5,000 tsubo

No. of Floor

33 above ground /2 below ground

21 above ground /2 below ground

14 above ground

Sumitomo Realty & Development Co., Ltd.

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Principal New Development Projects

Principal New Office Building Projects

Sumitomo Fudosan
Akihabara First Building*1 tsubo = 3.3㎡

Sumitomo Fudosan
Kojimachi Garden Tower

Sumitomo Fudosan
Ochanomizu Building

Location

Chiyoda Ward, Tokyo

Chiyoda Ward, Tokyo

Bunkyo Ward, Tokyo

CompletionOct 2019

May 2020

Jan 2021 (Expected)

Gross Floor
Area

8,200 tsubo

14,400 tsubo

3,800 tsubo

No. of Floor

23 above ground /1 below ground

22 above ground

12 above ground /1 below ground

Sumitomo Realty & Development Co., Ltd. (10)Principal New Development Projects

Principal New Office Building Projects

Sumitomo Fudosan
Tamachi Building East*

1 tsubo = 3.3㎡

Sumitomo Fudosan
Kanda Izumicho Building

Osaki Higashi Project

Location

Minato Ward, Tokyo

Chiyoda Ward, Tokyo

Shinagawa Ward, Tokyo

Completion

Apr 2021 (Expected)

Sep 2021 (Expected)

Jan 2022 (Expected)

Grss Floor
Area

3,900 tsubo

3,000 tsubo

14,400 tsubo

No. of Floor

8 above ground

8 above ground /1 below ground

19 above ground /2 below ground

Sumitomo Realty & Development Co., Ltd. (11)Principal New Development Projects

Principal New Office Building Projects

Tokyo Mita Redevelopment Project(Mita 3- and 4-chome Project)
Location
Completion

Minato Ward,Tokyo
Jan 2023(Expected)

Gross Floor
Area
No. of Floor*

Nishi-shinjuku 5-chome Kita Project
Location

Shinjuku Ward,Tokyo

Completion

Mar 2023(Expected)

60,400 tsubo
42 above ground/
4 below ground

1 tsubo = 3.3㎡

GrossFloor Area
No. ofFloor

41,300 tsubo
Office: 33 above ground/2 below ground
Residence:35 above ground/2 below ground

Sumitomo Realty & Development Co., Ltd. (12)Principal New Development Projects

Principal New Office Building Projects

Nakano 2-chome Project
Location

Nakano Ward, Tokyo

Completion

Feb 2024 (Expected)

Gross Floor Area
No. of Floor

30,000 tsubo
37 above ground/２ below ground*1 tsubo = 3.3㎡

Shinjuku Sumitomo Building“Sankaku Hiroba”（Renovation）
Location

Main use

Shinjuku Ward, Tokyo

Completion

June 2020

AtriumCapacity: approx. 2,000 people（Maximum ceiling height: approx. 25 meters）

Event Hall

Capacity: approx. 1,000 people

Commercial

20 stores（Shops and Restaurants）

Sumitomo Realty & Development Co., Ltd. (13)Principal New Development Projects

Principal New Office Building Projects (Commercial Complex)*1 tsubo = 3.3㎡

expected
completion
image

Haneda Airport Garden

Ariake Garden

Location

Haneda Airport 2-chome, Ota Ward, Tokyo(direct connection to international terminal)

Ariake 2-chome, Koto Ward, Tokyo(Ariake Kita 3-1 area redevelopment project)

Completion

Mar 2020

Mar 2020

27,700 tsubo

60,100 tsubo

Gross Floor Area
Hotel
Main use

1,717 rooms

Commercial 90 stores
Event hall
OthersCapacity : approx. 700 people
Bus Terminal / SPA

Commercial

203 stores

Hotel

749 rooms

Event hall
OthersCapacity : approx. 8,000 people
SPA / Theater

Sumitomo Realty & Development Co., Ltd. (14)Principal New Development Projects

Principal Condominium Projects (Scheduled Delivery in FY 2020)*

City Tower Oimachi

City Tower Tokorozawa Classy

City Tower Aoi

Shinagawa Ward, TokyoTokorozawa

Nagoya493 units282 units

354 units

29 above ground / 1 below ground

29 above ground / 2 below ground

20 above groundunits = number of units for sale

Sumitomo Realty & Development Co., Ltd. (15)Principal New Development Projects

Principal Condominium Projects (Scheduled Delivery from FY 2021)*City Tower Musashi-koyama

City House Shimomeguro

Grand Hills Minami Aoyama

Shinagawa Ward, Tokyo

Meguro Ward, Tokyo

Minato Ward, Tokyo

318 units

195 units

105 units

41 above ground / 2 below ground

5 above ground18 above ground / 2 below ground

City House Koganei Koen

City Tower Osaka HonmachiCity Terrace Yokohama

Kodaira, TokyoOsakaYokohama

740 units

855 units

313 units

9 above ground48 above ground / 1 below ground

North:10 above ground
South:15 above groundunits = number of units for sale

Sumitomo Realty & Development Co., Ltd. (16)（Reference）Eighth Management Plan (Apr 2019 – Mar 2022)

Performance targets for the Eighth Management Plan *Announced on May 16, 2019
Achieve consecutive record results for the three-year period covered, withcumulative ordinary profit of ¥700 billion.
Achieve record results for the ninth consecutive fiscal year under the three management plans since the Sixth
Management Plan by maintaining the pace of growth attained under the Seventh Management Plan withwhich substantial profit increase was achieved.

Three-year cumulative earnings targets+ 7 % )*Revenue from Operations¥ 3,100 billion ( + ¥ 214.2 billion,Operating Income¥

740 billion ( + ¥ 126.8 billion, + 21 % )*Ordinary Profit¥

700 billion ( + ¥ 142.2 billion, + 25 % )**Compared with results for the Seventh Management Plan

≪Reference≫ Comparison of Management Plan results (Years ended/ending March 31) （Billions of yen）
Three-year
Cumulative totals
Revenue from Operations

5th Plan

6th Plan

7th Plan

8th Plan

2011-20132014-20162017-20192020-2022

2,170

2,442

2,886

3,100

Operating Income

437

501

613740Ordinary Profit329

418558700

Sumitomo Realty & Development Co., Ltd. (17)（Reference）Eighth Management Plan (Apr 2019 – Mar 2022)

Consolidated Operating Income and Gross Floor Area
Thousands of tsubo*12,500
234

Billions of yen
250

213
200

2,000

155
150

1,500

100

1,000

Gross Floor Area
(Owned)(right scale)

77

50

500

Operating Income fromLeasing Business
0'78

'80

'82

'84

'86

'88

'90

'92

'94

'96

'98

'00

'02'04(Years ended/ending March 31)*1*2'06'08'10'12'14'16'18'20'22(F)

01 tsubo = 3.3㎡
Segment information has been disclosed since the March 1991 fiscal year

Sumitomo Realty & Development Co., Ltd. (18)（Reference）Eighth Management Plan (Apr 2019 – Mar 2022)

Leasing asset investment plan
( Non-current asset investment excluding sales assets, such as condominiums for sale )Further investment in leasing office assets in central Tokyo, strengthening ourearnings base.
1. Concrete development plan for over 800 thousand tsubo* of gross floor area, mainly comprisingredevelopment projects. (Equivalent to over 50% of 1,520 thousand tsubo of gross floor area for leasing asof the end of the Seventh Management Plan)
The total investment will amount to ¥2,000 billion, expected to generate profits within six to seven years.
2. During the Eighth Management Plan, approximately 30%, or 230 thousand tsubo, of total gross floor area of
the investment pipeline will be completed and brought to market.
Thousands of tsubo

Pace of Gross Floor Area Development*3,000More than＋800(Thousands of tsubo)
2,500GrossFloorArea

5th Plan

6th Plan

7th Plan

8th Plan

150

110

210

230

2,000

1 tsubo = 3.3㎡

thousands of tsubo

＋230
1,524
thousandsof tsubo

thousandsof tsubo

1,500

1,00050002001

2004

2007

(Years ended/ending March 31)

2010

2013

2016

2019

2022

2025-

Sumitomo Realty & Development Co., Ltd. (19)（Reference）Eighth Management Plan (Apr 2019 – Mar 2022)

Leasing asset investment plan
(Non-current asset investment excluding sales assets, such as condominiums for sale)

Further investment in leasing office assets in central Tokyo, strengthening ourearnings base.
3. Of ¥2,000 billion, ¥600 billion is expected to be invested in the next three years.
Funding will be covered by expanding cash flows from the leasing business*1. (No increase in interest-bearing
debt expected.)*2
1 tsubo = 3.3㎡

Billions of yen
4,000

3,000

Thousands of tsubo*2

Interest-bearing Debt and Gross Floor Area
5th Plan

6th Plan

7th Plan

8th PlanCapital Investment

(268)

(422)

(664)

(600)

Cash Flows from theLeasing Business

364

410

535

680

Interest-bearing Debt

2,651

3,159

3,343

3,300

*1

2,000
Cash Flows from the Leasing Business:
Operating Income from the Leasing Business+ Depreciation and Amortization

1,500

Gross Floor Area(right scale)
1,000

2,000

Interest-bearing Debt

500

1,000

Deposits from Partnership Investors

00
2001
2004
2007
(Years ended/ending March 31)

2010

2013

2016

2019

2022(F)

Sumitomo Realty & Development Co., Ltd. (20)（Reference）Eighth Management Plan (Apr 2019 – Mar 2022)

Policy for shareholder returns“Sustainable dividend increase” policy, in line with profit growth, to be maintained.
Cash flow allocation policy of prioritizing investment in office properties for lease, to be maintained.
Cash Dividends per Share and Ordinary Profit

Billions of yen

250
Ordinary Profit

35

Cash Dividends per Share(right scale)

30
27200

150

141821

2038

32

24
22

10100

6Yen

16

950

00'03 '04 '05 '06 '07(Years ended March 31)

'08

'09

'10

'11

'12

'13

'14

'15

'16

'17

'18

'19

'20

'21
(F)

Sumitomo Realty & Development Co., Ltd. (21)Sumitomo Realty & Development Co., Ltd.
Investor Relations, Corporate Planning Department

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The purpose of this material is to provide information, and not to solicit investments, etc.
This material includes statements regarding future performance. These statements are based on
certain assumptions deemed rational by the Company as of the date of publication. They include
risks and uncertainties and do not guarantee the achievement of targets and forecasts, or futureperformance. Please understand that the actual results of the Company' s performance may differ
due to various factors such as changes in the economic situation, market trends, and themanagement environment.
The Company has carefully prepared the information provided in this material, but does notguarantee the accuracy and completeness of the information. Moreover, please understand that thiscontent may be changed or eliminated without notice.

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