October 31, 2008

Summary of Financial Statements for the Second Quarter cumulative of FY2009(the Fiscal Year Ending March 31, 2009)
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:
Filing of Half Yearly
Report (Planned):

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

November 13, 2008

Date for Payment of Dividends (Planned): December 2, 2008

*Figures are rounded down to the nearest million.
1. Consolidated Results for the Second Quarter cumulative of FY2009 (April 1, 2008 – September 30, 2008)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage changes
from the corresponding period of 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%

433,994
317,810—(17.1)

75,50358,277—(17.3)

59,34150,338—(16.3)22,47725,393—(13.7)

2Q FY2009
2Q FY2008

EPS

Diluted EPS
Yen
16.28
18.39

2Q FY2009
2Q FY2008
(2)

Yen
16.28
18.39

Consolidated Financial Position
Total Assets

Net Assets

Millions of yen

Sep. 30, 2008
Mar. 31, 2008
(Reference) Total Equity

4,310,369
4,327,137
Sep. 30, 2008

Total Equity to Total Assets

Net Assets per Share

Millions of yen%

1,317,139
1,347,295¥1,216,851 million
Mar. 31, 2008

28.2
28.6
¥1,238,889 million

Yen

881.46897.402. Dividends
Dividends per ShareJun. 30, 2008
Sep. 30, 2008
Dec. 31, 2008
Mar, 31, 2009
Yen
Yen
Yen
Yen
FY 2008
—8.00
—
8.00
FY 2009—
8.00——
FY 2009 (Planned)
—
——
8.00
Note: Revisions to dividend forecast of the fiscal year ending March 31, 2009: No(Date of Record)

Annual
Yen
16.00
—
16.00

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 changes
from the previous fiscal year..
Income before Taxes
Revenue from Operations
Operating IncomeNet IncomeEPS
and Special Items
Millions of yen%

Millions of yen%

Millions of yen

Full Fiscal Year
1,016,500
29.1
182,500
2.5
152,000
Note: Revisions to forecast of consolidated financial results of the fiscal year ending March 31, 2009: Yes

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(6.2)

Millions of yen

70,000%(19.5)

Yen

50.71

4. Others(1) Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): No
Newly Consolidated: ― (xxx)
Removed: ― (xxx)(2) Adoption of the Simplified Accounting Method and Special Accounting Practices in the Preparation of Second Quarter (Cumulative) Consolidated FinancialStatements: Yes(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 accompanying revisions in accounting standards: Yes

2)

Changes in items other than 1. above: Yes(4) Number of Outstanding Shares (Common Stock)1)

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

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

3)

Average number of shares for the period (half yearly consolidated cumulative basis)

Sep. 30, 2008
Sep. 30, 2008

1,382,518,351 shares
2,024,507 sharesMar. 31, 2008

1,382,518,351 sharesMar. 31, 2008

1,993,604 shares

Six-month period ended Sep. 30, 2008

1,380,530,942 shares

Six-month period ended Sep. 30, 2007

1,380,608,172 shares

Cautionary Statement with respect to Forecast of Consolidated Financial Results1.

Full fiscal year forecasts included in forecasts of consolidated financial results previously disclosed on April 30, 2008 have been revised in this document.

2.

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

3.

Effective from the fiscal year ending March 31, 2009, Mitsubishi Estate Co., Ltd. has applied Accounting Standard for Quarterly Financial Reporting (ASBJ

certain assumptions deemed rational. Therefore, actual performance may differ significantly from such forecasts due to various factors.
Statement No. 12) and Guidance on Accounting Standard for Quarterly Financial Reporting (ASBJ Guidance No. 14). Quarterly consolidated financial statements
have also been prepared in accordance with “Regulations for Quarterly Consolidated Financial Reporting.” Furthermore, Mitsubishi Estate’s quarterlyconsolidated financial statements apply the revised “Regulations for Quarterly Consolidated Financial Reporting” as specified under Supplementary Provision
provisory clauses 7.1-4 and 7.1-5 under the “Cabinet Office Ordinance Amendment of Regulations Concerning Terminology, Forms and Method of FinancialStatements” (2008 Cabinet Ordinance No. 50 issued on August 7, 2008).

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