August 4, 2016

Summary of Consolidated Financial Statements for the First 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
August 10, 2016
Report (Planned):
Supplementary documents on quarterly financial results : Yes ( FACT BOOK )Quarterly investors’meeting : Yes ( in Japanese )*Figures are rounded down to the nearest million.
1. Consolidated Results for the First Quarter of FY2017 (April 1, 2016 – June 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

1Q FY2017242,147
1Q FY2016
223,847
Note: Comprehensive Income:
1Q FY2017%

Millions of yen%

Millions of yen%

Millions of yen%

8.2
9.6

47,34037,26427.0
34.2

45,21933,87733.5
38.3

27,40023,29617.6(8.7)¥(3,848 million) ( - %)EPSYen19.74
16.79

Consolidated Financial Position
Total Assets

Jun. 30, 2016
Mar. 31, 2016
(Reference) Total Equity
2. Dividends(Date of Record)¥24,701 million ((30.7)%)

Diluted EPS
Yen
19.75
16.79

1Q FY2017
1Q FY2016(2)

1Q FY2016

Net Assets

Total Equity to Total Assets

Millions of yen

Millions of yen%

5,269,607
5,311,840
Jun. 30, 2016

1,639,308
1,659,180¥1,491,933 million

28.3
28.4

1Q

2Q

Yen
——Mar. 31, 2016

3Q

Yen
7.00

FY 2016
FY 2017
FY 2017 (Planned)
8.00
Note: Revisions to dividend forecast of the fiscal year ending March 31, 2017: No¥1,509,680 million

Annual4Q

Yen—Yen
9.00

Yen
16.00

—

8.00

16.00

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 AttributableRevenue from Operations
Operating IncomeEPS
and Special Items
to Owners of Parent
Millions of yen%

Millions of yen%

Millions of yen

Full Fiscal Year
1,102,000
9.2
175,000
5.3
150,000
Note: Revisions to forecast of consolidated financial results for FY2017 during this quarter: No-1-%

3.6

Millions of yen

86,000

%

3.1

Yen

61.98

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 First Quarter of FY2017 have increased by¥333 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

Jun. 30, 2016
Jun. 30, 2016
3)

1,390,397,097 shares
2,965,047 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)
Jun. 30, 2016

1,387,435,397 shares

Jun. 30, 2015

1,387,476,474 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 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-