May 10, 2024

Summary of Consolidated Financial Statements for FY2023(the Fiscal Year Ending March 31, 2024)＜under Japanese GAAP＞
Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo

Securities Code:
Representative:

8802
Atsushi Nakajima, President & CEO
Keiko Nakano, General Manager of theCorporate Communications Department

URL: https://www.mec.co.jp/en/

Inquiries:
Annual General Meeting ofShareholders (Planned):

TEL: +81-3-3287-5200
Date for Payment ofJune 27, 2024

Dividends (Planned):

June 28, 2024

Filing of Securities Report
June 27, 2024
(Planned):
Supplementary documents on financial results: Yes
Information meetings arranged related to financial results: Yes (for institutional investors and analysts, in Japanese)*Figures are rounded down to the nearest million.
1. Consolidated Results for FY2023 (April 1, 2023 – March 31, 2024)* Percent figures for operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent express the percentage changes from thecorresponding period of the previous fiscal year.
(1) Consolidated Results
Profit Attributable
Operating Revenue
Operating Profit
Ordinary Profitto Owners of Parent
Millions of yen

FY2023
1,504,687
FY2022
1,377,827
Note: Comprehensive Income:
FY2023%

Millions of yen%

Millions of yen%

Millions of yen

%

9.2
2.1

278,627
296,702(6.1)
6.4

241,158
271,819(11.3)
7.1

168,432
165,343

1.9
6.6¥358,867 million (28.2%)

EPS

Diluted EPS

FY2022ROE

YenYenFY2023131.96131.96FY2022125.54125.53(Reference) Share of profit of entities accounted for using equity method
FY2023¥308 million(2)

Consolidated Financial Position
Total Assets

Mar.31, 2024
Mar. 31, 2023
(Reference) Total Equity
(3)

%
7.4
7.9

¥280,004 million (6.6%)

Income before Taxes
and Special Items
to Total Assets
%
3.3
4.1
FY2022

Net Assets

Operating Income
to Revenue fromOperations
%
18.5
21.5

¥260 million

Total Equity to Total Assets

Net Assets per Share

Millions of yen

Millions of yen%

Yen

7,583,748
6,871,959

2,624,593
2,379,941¥2,401,106 million

31.7
31.4

1,896.25
1,664.47

Mar. 31, 2024

Consolidated Cash Flows
Cash Flows
from Operating Activities

Cash Flows
from Investing Activities

Mar. 31, 2023

¥2,157,561 million

Cash Flows
from Financing Activities

Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

307,249
269,914(362,017)(312,046)

100,433
30,457

275,965
225,772

FY2023
FY2022
2. Dividends

Dividends per ShareFY2022
FY2023
FY2024(Planned)

1Q

2Q

Yen
－－

Yen
19.00
20.00
21.00

－

3Q

4Q

Yen－－－

Yen
19.00
20.00
22.00

Annual

Yen
38.00
40.00
43.00

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Cash Dividends

Dividend Payout

Paid (Annual)

Ratio (Consolidated)

Millions of yen
49,76450,789%
30.3
30.3
31.2

Cash Dividends toNet Assets(Consolidated)

%
2.4
2.2

3. Forecast of Consolidated Financial Results for FY2024 (April 1, 2024 — March 31, 2025)* Percent figures for operating revenue, operating profit, ordinary profit, and profit attributable to owners of parent express the percentage changes from theprevious fiscal year.
Profit Attributable
Operating Revenue
Operating Profit
Ordinary Profit
EPSto Owners of Parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

Full Fiscal Year1,596,000
6.1
300,000
7.7252,000
4.5
173,000
2.7137.93
Note: The Company resolved to repurchase its own shares at the board of directors meeting held on May 10, 2024. The impact of repurchase of own shares istaken into account in regard to EPS in the forecast of consolidated financial results for FY2024.
Note: The EPS is calculated using the number of shares after the Company issued the restricted shares (93,512shares) on May 24, 2024. The impact of disposal oftreasury shares is taken into account in regard to EPS in the forecast of consolidated financial results for FY2024.
4. Others(1) Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): Yes
New Consolidation: Nagoya Minato Development SPC
Exclusion: (2) 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: No
2) Changes of accompanying revisions other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Number of Outstanding Shares (Common Stock)1) Number of outstanding shares at the fiscal period-end (including treasury stock)
Mar. 31, 2024

1,324,288,306 sharesMar. 31, 2023

1,324,288,306 sharesMar. 31, 2023

28,043,822 shares

2)

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

3)

Average number of shares for the period (quarterly consolidated cumulative basis)Mar. 31, 2024
Mar. 31, 2024

58,052,023 shares
1,276,354,833 sharesMar. 31, 2023

1,317,074,020 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.
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.
Details can be found on our website. (https://www.mec.co.jp/en/ir/library/)
Please refer to IR Presentation Materials for the details of the forecast of consolidated financial results for FY2024.

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