November 7, 2016

Summary of Consolidated Financial Statements for the Second Quarter of FY2017(the Fiscal Year Ending March 31, 2017)＜under Japanese GAAP＞
Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo, Nagoya

Securities Code:
Representative:

8802
Hirotaka Sugiyama, President & CEO
Masato Kawasaki, General Manager of theCorporate Communications Department

URL: http://www.mec.co.jp/index_e.html

Inquiries:

TEL: +81-3-3287-5200

Filing of Quarterly
November 11, 2016
Report (Planned):
Supplementary documents on quarterly financial results : Yes ( FACT BOOK )Quarterly investors meetin : Yes ( in Japanese )*Figures are rounded down to the nearest million.
1. Consolidated Results for the Second Quarter of FY2017 (April 1, 2016 – September 30, 2016)* Percent figures for revenue from operations, operating income, income before taxes and special items, and profit attributable to owners of parent express thepercentage changes from the corresponding period of the previous fiscal year.
(1) Consolidated Results
Income before Taxes
Profit Attributable
Revenue from Operations
Operating Incomeand Special Itemsto Owners of Parent
Millions of yen

2Q FY2017511,753
2Q FY2016
484,996
Note: Comprehensive Income:2Q FY2017%

Millions of yen%

Millions of yen%

Millions of yen%

5.5
10.6

92,14883,74610.0
25.5

84,27575,01012.4
32.1

57,51456,272

2.2
5.3¥7,698 million ((82.6)%)

EPS

Yen
41.44
40.55

Consolidated Financial Position
Total Assets

Sep. 30, 2016
Mar. 31, 2016
(Reference) Total Equity
2. Dividends(Date of Record)¥44,273 million ((39.6)%)

Diluted EPS
Yen
41.45
40.56

2Q FY2017
2Q FY2016(2)

2Q FY2016

Net Assets

Total Equity to Total Assets

Millions of yen

Millions of yen%

5,415,170
5,311,840
Sep. 30, 2016

1,666,183
1,659,180¥1,501,559million

27.7
28.4

1Q

2Q

Yen——

Mar. 31, 2016

3Q

Yen
7.00
9.00

FY2016FY2017FY2017 (Planned)
Note: Revisions to dividend forecast of the fiscal year ending March 31, 2017: Yes¥1,509,680 million

Annual4Q

Yen—Yen
9.00

Yen
16.00

—9.00

18.00

See “Announcement of Revision of Dividends (Increase in Dividends) of Surplus and Year-end Dividend Forecasts” released on 7th November for more details.
3. Forecast of Consolidated Financial Results for FY2017 (April 1, 2016 — March 31, 2017)* Percent figures for revenue from operations, operating income, income before taxes and special items, and profit attributable to owners of parent express thepercentage changes from the previous fiscal year.
Income before Taxes
Profit Attributable
Revenue from Operations
Operating IncomeEPSand Special Items
to Owners of Parent
Millions of yen%

Millions of yen%

Millions of yen

Full Fiscal Year
1,129,000
11.8
180,000
8.3
157,000
Note: Revisions to forecast of consolidated financial results for FY2017 during this quarter: Yes-1-%

8.4

Millions of yen

90,000%

7.9

Yen

64.86

4. Others(1) Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): No(2) Adoption of the Simplified Accounting Method and Special Accounting Practices in the Preparation of Quarterly Consolidated Financial Statements: No(3) Changes in Accounting Principles, Procedures, Presentation Methods, etc., Concerning the Preparation of Consolidated Financial Statements (Recorded under“Changes in Significant Matters in the Preparation of Consolidated Financial Statements”)
1)

Changes of accompanying revisions in accounting standards: Yes*

2)

Changes of accompanying revisions other than 1. above: No

3)

Changes in accounting estimates: No

4)

Retrospective restatement: No*The following adjustment has been made in line with revisions.
Change of Depreciation Methods
For all building fixtures and structures acquired after April 1, 2016, the method for calculating depreciation has changed from the declining-balance method to the straight-line method.
As a result, the Operating Income, Income before Taxes and Special Items and Income before Income Taxes and Minority Interests for the Second Quarter of FY2017 have increased by¥701 million respectively.

(4) Number of Outstanding Shares (Common Stock)1)

Number of outstanding shares at the fiscal period-end (including treasury stock)2)

Number of shares of treasury stock at the fiscal period-end

Sep. 30, 2016
Sep. 30, 2016
3)

1,390,685,972 shares
2,970,516 sharesMar. 31, 2016

1,390,397,097 sharesMar. 31, 2016

2,957,749 shares

Average number of shares for the period (quarterly consolidated cumulative basis)
Sep. 30, 2016

1,387,514,978 sharesSep. 30, 2015

1,387,474,445 shares

Implementation status of review processes
This Summary of Consolidated Financial Results is not subject to the review processes under the Financial Products and Exchange Law.
At the time of this document’s release, review of the financial statements under the Financial Products and Exchange Law has not been completed.
Cautionary Statement with respect to Forecast of Consolidated Financial Results
The forecast of consolidated results released on May 11 2016 has the following amendments.
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.
(Millions of yen)ePrevious Estimates (A)Current Estimates (B)Change (B - A)
Change (%)
FY2016 Results

Revenue fromOperations
1,102,000
1,129,000
27,0002.5
1,009,408

Operating Income
175,000
180,000
5,000
2.9
166,199

Income before Taxesand Special Items
150,000
157,000
7,000
4.7
144,851

Details can be found on our website. (http://www.mec.co.jp/e/investor/irlibrary/highlight/index.html)-2-

Profit Attributableto Owners of Parent
86,00090,0004,000
4.7
83,426

EPS (Yen)
61.98
64.86
－－
60.13