May 9, 2011

Summary of Consolidated Financial Statements for FY2011 (the Fiscal Year Ended on March 31, 2011)＜under Japanese GAAP＞
Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo, Osaka, Nagoya

Securities Code:
Representative:

8802
Hirotaka Sugiyama, President & CEO
Keiji Takano, General Manager ofCorporate Communications Department

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

Inquiries:

TEL: +81-3-3287-5200

Annual General Meeting ofJune 29, 2011
Shareholders (Planned):
Filing of Securities Report
June 29, 2011
(Planned):
Supplementary document(s) for financial results : Yes ( FACT BOOK )Investors’meeting : Yes ( in Japanese )Date for Payment of Dividends (Planned): June 30, 2011

*Figures are rounded down to the nearest million.
1. Consolidated Results for FY2011 (April 1, 2010 – March 31, 2011)* 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 IncomeNet Incomeand Special Items
Millions of yenFY2011
988,447
FY20101,013,415Note: Comprehensive Income:
FY2011%Millions of yen%

Millions of yen%

Millions of yen%

(2.5)
7.5

158,258
148,972

6.2
7.5

130,830
117,381

11.5
8.1

64,21911,900439.6(73.8)¥39,115 million (24.5%)

EPS

Diluted EPS

FY2010

ROE

Yen
Yen
FY201146.27
46,26
FY20108.58
8.58(Reference) Equity in Earnings of unconsolidated subsidiaries and affiliates:
FY2011¥661 million(2)

Consolidated Financial Position
Total Assets(3)

4,245,209
4,355,065
Mar. 31, 2011

Consolidated Cash Flows
Cash Flows
from Operating ActivitiesIncome before Taxes
and Special Items
to Total Assets
%
3.0
2.7

FY2010Net Assets

Millions of yen

Mar. 31, 2011
Mar. 31, 2010
(Reference) Total Equity

%
5.4
1.0

¥51,838 million (‐%)
Operating Incometo Revenue fromOperations
%
16.0
14.7

¥763 million

Total Equity to Total Assets

Net Assets per Share

Millions of yen%

1,315,047
1,306,222¥1,202,270 million
Mar. 31, 2010

28.3
27.2
¥1,183,156 million

Cash Flows
from Investing Activities

Cash Flows
from Financing Activities

Yen

866.31
852.36

Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

259,263
212,668(67,223)(112,639)(140,269)(106,852)

229,062
177,825

FY2011FY2010２．Dividends
Dividends per ShareFY2010FY2011FY2012(Planned)

1st QTR

2nd QTR

3rd QTR

4th QTR

Annual

Yen－－

Yen
6.00
6.00

Yen－－

Yen
6.00
6.00

Yen
12.00
12.00

－

6.00

－

6.00

12.00

-1-

Cash Dividends Paid

Dividend Payout(Annual)Ratio (Consolidated)

Millions of yen
16,657
16,657

%
139.9
25.9
30.3

Cash Dividends toNet Assets(Consolidated)%
1.41.4

３．Forecast of Consolidated Financial Results for FY2012 (April 1, 2011 — March 31, 2012)* Percent figures for Revenue from Operations, Operating Income, Income before Taxes and Special Items, and Net Income express the percentagechanges from the previous fiscal year.
Income before Taxes
Revenue from Operations
Operating Income
Net Income
EPSand Special Items
Millions of yen

InterimFull Fiscal Year%

404,000
977,000

Millions of yen

(6.2)
(1.2)

%

46,000145,000

Millions of yen(39.2)(8.4)%

28,000110,000

Millions of yen(54.5)(15.9)%

7,000
55,000(75.6)(14.4)

Yen

5.04
39.63

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) Change in Accounting Principles, Procedures, Presentation Methods, etc.
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, 2011

1,390,397,097

Mar. 31, 2010

1,390,397,097

2,596,617

Mar. 31, 2010

2,297,588

1,388,040,913

Mar. 31, 2010

1,387,565,809

2) Number of Shares of Treasury Stock at the Fiscal Period-End
Mar. 31, 2011
3) Average Number of Shares during the Period
Mar. 31, 2011

(Reference) Non-Consolidated Results
１．Non-Consolidated Results for FY2011 (April 1, 2010 – March, 31 2011)* Percent figures for Revenue from Operations, Operating Income, Income before Taxes and Special Items, and Net Income express the percentagechanges from the previous fiscal year.
(1) Non-Consolidated Results
Revenue from Operations

Income before Taxes

Operating IncomeNet Incomeand Special Items

Millions of yen%Millions of yen%

Millions of yen%

Millions of yen%

FY2011

471,123(17.8)

115,853

8.2

100,790

13.4

52,289123.2

FY2010572,82911.9

107,104(3.0)

88,878(7.8)

23,428(54.2)EPS

Diluted EPS
Yen

Yen

FY2011

37.67

37.66

FY2010

16.88

16.88

(2) Non-Consolidated Financial Position
Total Assets
Mar. 31, 2011
Mar. 31, 2010
(Reference) Total Equity

Net Assets

Total Equity to Total Assets

Net Assets per Share

Millions of yen

Millions of yen%

Yen

3,384,061

1,160,358

34.3

835.8433.1

816.093,422,062
Mar. 31, 20111,133,150¥1,159,977 million

Mar. 31, 2010

¥1,132,844 million

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 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.

-2-