August 8, 2024

Summary of Consolidated Financial Statements for FY2024-1Q(the Fiscal Year Ending March 31, 2025)＜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 the
Corporate Communications Department

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

Inquiries:

TEL: +81-3-3287-5200

Date for Payment of－
Dividends (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 FY2024-1Q (April 1, 2024 – June 30, 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 Profit
to Owners of Parent
Millions of yen

1Q FY2024
328,239
1Q FY2023
292,465
Note: Comprehensive Income:
1Q FY2024%

Millions of yen%

Millions of yen%

Millions of yen

%

12.2
(4.2)

51,79848,400

7.0(42.0)

43,794
43,6300.4(46.7)

25,941
19,26934.6(68.7)¥71,721 million (7.2%)

EPS

Yen
20.52
14.93

Consolidated Financial Position
Total Assets

Net Assets

Millions of yen

Jun. 30, 2024
Mar. 31, 2024
(Reference) Total Equity

2. Dividends(Date of Record)¥66,874 million ((37.4%))

Diluted EPS
Yen
20.52
14.93

1Q FY2024
1Q FY2023(2)

1Q FY2023

7,684,795
7,583,748
Jun. 30, 2024

1Q

Total Equity to Total Assets

Millions of yen¥2,428,889 million

2Q

Yen
—
—

%

2,650,982
2,624,593
Mar. 31, 2024

3Q

Yen
20.00

FY2023
FY2024FY2024 (Planned)
21.00
Note: Revisions to dividend forecast of the fiscal year ending March 31, 2025: No

31.6
31.7
¥2,401,106 million

Annual

4Q

Yen
—

Yen
20.00

Yen
40.00

—

22.00

43.00

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
EPS
to 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
7.7
252,000
4.5
173,000
2.7
137.93
Note: Revisions to forecast of consolidated financial results for FY2024 during this quarter: No
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 regards to EPS in the forecast of consolidated financial results for FY2024.
Note: The EPS is calculated using the number of shares after the Company disposed the restricted shares (93,512 shares) on May 24, 2024.
Note: The EPS is calculated using the number of shares after the Company will dispose the restricted shares (93,757 shares) on August 23, 2024.

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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: No4) Retrospective restatement: No(4) Number of Outstanding Shares (Common Stock)1) Number of outstanding shares at the fiscal period-end (including treasury stock)Jun. 30, 2024

1,271,276,206 sharesMar. 31, 2024

1,324,288,306sharesMar. 31, 2024

58,052,023 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)

Jun. 30, 2024
Jun. 30, 2024

10,170,061 shares
1,264,336,602 shares

Jun. 30, 2023

1,290,376,725 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 revisions to the forecast of consolidated financial results announced today.
This English translation is solely for reference purposes only and not a legally definitive translation of the original Japanese text.
In the event a difference arises regarding the meaning herein, the original Japanese version will prevail as the official authoritative version.

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