April 30, 2008

Summary of Financial Statements for FY2008 (the Fiscal Year Ended March 31, 2008)
Company Name:

Mitsubishi Estate Co., Ltd.

Securities Code:
Representative:

8802
URL: http://www.mec.co.jp
Keiji Kimura, President & CEO
Koji Kiyosawa, Executive Officer &TEL: +81-3-3287-5200
General Manager of Corporate Communications Department

Inquiries:
Annual General Meeting ofShareholders (Planned):
Filing of Securities Report(Planned):

Listed Stock Exchanges: Tokyo, Osaka, Nagoya, Fukuoka, Sapporo

June 27, 2008

Date for Payment of Dividends (Planned): June 30, 2008

June 27, 2008*Figures are rounded down to the nearest million.
１．Consolidated Results for FY2008 (April 1, 2007 – March 31, 2008)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage change
from the previous fiscal year.
(1) Consolidated Results
Income before Taxes
Revenue from Operations
Operating Income
Net Incomeand Special Items
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

787,652
947,641(16.9)
12.3

177,983
166,1657.1
20.7

162,061
151,674

6.8
25.1

86,963
97,662(11.0)
74.9

FY2008FY2007EPS

Diluted EPS

ROEYenYen
FY200862.99
62.97
FY200770.95
70.71(Reference) Equity in Earnings of unconsolidated subsidiaries and affiliates:
FY2008¥3,739 million(2)

Consolidated Financial Position
Total Assets(3)

4,327,137
3,447,272
Mar. 31, 2008

Consolidated Cash Flows
Cash Flows
from Operating Activities

FY2008FY2007

FY2007

Net Assets

Millions of yen

Mar. 31, 2008
Mar. 31, 2007
(Reference) Total Equity%
7.1
8.3

Income before Taxes
and Special Items
to Total Assets%
4.2
4.5

Operating Income
to Revenue fromOperations%
22.6
17.5

¥8,094 million

Total Equity to Total Assets

Net Assets per Share

Millions of yen%

1,347,295
1,260,908¥1,238,889 million
Mar. 31, 2007

28.6
35.6
¥1,225,644 million

Cash Flows
from Investing Activities

Cash Flows
from Financing Activities

Yen

897.40887.79Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen(16,248)
150,710(212,207)(85,389)

238,942(34,093)219,712
206,089

２．Dividends
Dividends per Share
(Date of Record)Interim

FY2007
FY2008FY2009(Planned)

Year-EndCash Dividends Paid

Dividend Payout(Annual)Ratio (Consolidated)

AnnualCash Dividends toNet Assets(Consolidated)

Yen
6.00
8.00

Yen
8.00
8.00

Yen
14.00
16.00

Millions of yen
19,32922,089

%
19.7
25.4

%
1.6
1.8

8.00

8.00

16.00

—

27.4

—

３．Forecast of Consolidated Financial Results for FY2009 (April 1, 2008 — March 31, 2009)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage change
from the previous fiscal year...
Income before Taxes
Revenue from Operations
Operating Income
Net Income
EPS
and Special Items
Millions of yen

InterimFull Fiscal Year456,500
1,072,000%

43.6
36.1

Millions of yen

80,500196,500%

Millions of yen

38.1
10.4

63,000
162,500

-1-%

25.2
0.3

Millions of yen

30,00080,500

%

18.1
(7.4)

Yen

21.73
58.31

４．Others(1) Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): Yes
Newly Consolidated: 3

Silent Partnership MEC Asset Holdings Co., Ltd. (The Bank of Tokyo-Mitsubishi UFJ Otemachi Building)
TOWA REAL ESTATE DEVELOPMENT CO., LTD.
Sunshine City Corporation(2) Change in Accounting Principles, Procedures, Presentation Methods, etc., Concerning Preparation of Consolidated Financial Statements (to be Stated asChanges in Significant Matters in the Presentation of Consolidated Financial Statements):
1) Changes accompanying revisions in accounting standards: Yes
2) Other changes: No(3) Number of Outstanding Shares (Common Stock)1) Number of Outstanding Shares at the Fiscal Period-End (Including Treasury Stocks)
Mar. 31, 2008

1,382,518,351

Mar. 31, 2007

1,382,518,351

Mar. 31, 2007

1,969,2902) Number of Shares of Treasury Stock at the Fiscal Period-End
Mar. 31, 2008

1,993,604(Reference) Non-Consolidated Results
１．Non-Consolidated Results for FY2008 (April 1, 2007 – March, 31 2008)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage change
from the previous fiscal year.
(1) Non-Consolidated Results
Revenue from Operations

Income before Taxes

Operating Income

Net Incomeand Special Items

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2008524,711

2.8

124,6422.8

113,259

7.1

59,63115.4

FY2007510,190

9.6

121,19328.1

105,774

33.1

51,65828.2

EPS

Diluted EPS
Yen

Yen

FY2008

43.19

43.18

FY2007

37.53

37.40

(2) Non-Consolidated Financial Position
Total Assets
Mar. 31, 2008
Mar. 31, 2007
(Reference) Total Equity

Net Assets

Total Equity to Total Assets

Net Assets per Share

Millions of yen

Millions of yen%

Yen

3,165,713

1,130,90135.7

819.0637.9

824.213,001,119
Mar. 31, 2008

1,137,962¥1,130,759 million

Mar. 31, 2007

¥1,137,882 million

The forecasts and projected operating results contained in this report are based on information and data available to the Company at the time of disclosure as well as
certain assumptions deemed rational. Therefore, actual performance may differ significantly from such forecasts due to various factors.

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