May 13, 2021

Summary of Consolidated Financial Statements for FY2021(the Fiscal Year Ended on March 31, 2021)＜under Japanese GAAP＞

Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo, Nagoya

Securities Code:
Representative:

8802
Junichi Yoshida, President & CEO
Motohiro Sato, General Manager of theCorporate Communications Department

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

Inquiries:

TEL: +81-3-3287-5200

Annual General Meeting ofJune 29, 2021
Date for Payment of Dividends (Planned): June 30, 2021
Shareholders (Planned):
Filing of Securities Report
June 29, 2021(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 FY2021 (April 1, 2020– March 31, 2021)* 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.
(1) Consolidated Results
Profit Attributable
Income before Taxes
Revenue from OperationsOperating Income
and Special Items
to Owners of Parent
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2021
1,207,594
FY20201,302,196
Note: Comprehensive Income:
FY2021(7.3)
3.1)

224,394
240,768

(6.8)
5.1)

210,965
219,572

(3.9)
6.3)

135,655
148,451

(8.6)
10.3)

¥167,166 million (35.9%)

EPS

Diluted EPS

FY2020

ROE

Yen
Yen
FY2021101.34101.33
FY2020108.64108.63(Reference) Equity in Earnings of unconsolidated subsidiaries and affiliates:
FY2021¥307 million(2)

Consolidated Financial Position
Total Assets(3)

Consolidated Cash Flows
Cash Flows
from Operating Activities

%
18.6
18.5

¥229 million

Total Equity to Total Assets

Millions of yen

6,072,519
5,858,236
Mar. 31, 2021
¥1,851,899 million

Operating Income
to Revenue fromOperations

Income before Taxes
and Special Items
to Total Assets
%
3.5
3.8

FY2020Net Assets

Millions of yen

Mar. 31, 2021
Mar. 31, 2020
(Reference) Total Equity

%
7.6
8.5

¥123,014 million ((3.7 %))2,061,447
1,941,206
Mar. 31, 2020

Cash Flows
from Investing Activities

Net Assets per Share%Yen

30.529.6¥1,734,462 million

Cash Flows
from Financing Activities

1,383.47
1,295.83

Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

207,414341,766(297,303)(277,440)

50,425)(28,886)

172,307
213,008

FY2021
FY20202. Dividends
Dividends per ShareFY2020
FY2021
FY2022(Planned)

1Q

2Q

3Q

4Q

Annual

Yen
－－

Yen
15.00
12.00

Yen－－

Yen
18.00
19.00

Yen
33.00
31.00

－

16.00

－

17.00

33.00

-1-

Cash Dividends PaidDividend Payout(Annual)Ratio (Consolidated)

Millions of yen
44,606
41,496

%
30.4
30.6
30.9

Cash Dividends toNet Assets(Consolidated)

%
2.6
2.3

3. Forecast of Consolidated Financial Results for FY2022 (April 1, 2021 — March 31, 2022)* 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.
Profit Attributable to
Income before Taxes
EPS
Revenue from Operations
Operating Incomeand Special Items
Owners of Parent
Millions of yen%

Millions of yen%Millions of yen%

Millions of yen%

Yen

Full Fiscal Year
1,326,000
9.8
245,000
9.2
220,000
4.3
142,000
4.7
106.70Note: The Company resolved to repurchase its own shares at the board of directors meeting held on April 8, 2021. The impact of repurchase of own shares is taken
into account in regards to“EPS”in the forecast of consolidated financial results for FY2022.
Note: The EPS is calculated using the number of shares after the Company issued the restricted shares (150,390 shares) on May 21, 2021.

(1)

Notes
Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): Yes
New Consolidation: Exclusion: Aqua City Investment SPC(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)2)

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

3)

Average number of shares for the period

Mar. 31, 2021
Mar. 31, 2021
Mar. 31, 2021

1,391,328,316 shares
52,733,879 shares
1,338,587,848 sharesMar. 31, 2020

1,391,174,263 sharesMar. 31, 2020

52,677,152 sharesMar. 31, 2020

1,366,446,860 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/e/investor/irlibrary/materials/index.html)
Please refer to FACT BOOK for the details of revisions to the forecast of consolidated financial results announced today.

-2-