May 12, 2015

Summary of Consolidated Financial Statements for FY2015 (the Fiscal Year Ended on March 31, 2015)＜under Japanese GAAP＞
Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo, Nagoya

Securities Code:
Representative:

8802
Hirotaka Sugiyama, President & CEO
Masaki Yamagishi, Executive Officer & General Manager,
Corporate Communications Department

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

Inquiries:

TEL: +81-3-3287-5200

Annual General Meeting ofJune 26, 2015
Shareholders (Planned):
Filing of Securities Report
June 26, 2015
(Planned):
Supplementary documents on financial results : Yes ( FACT BOOK )Investors’ meeting : Yes ( in Japanese )Date for Payment of Dividends (Planned): June 29, 2015

*Figures are rounded down to the nearest million.
１．Consolidated Results for FY2015 (April 1, 2014– March 31, 2015)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage changes from theprevious fiscal year.
(1) Consolidated Results
Income before Taxes
Revenue from Operations
Operating IncomeNet Incomeand Special Items
Millions of yenFY2015
1,110,259
FY2014
1,075,285Note: Comprehensive Income:
FY2015%

Millions of yen%

Millions of yen%

Millions of yen

%

3.3
16.0

156,332
161,271

(3.1)
36.3

133,113
139,638

(4.7)
51.2

73,33864,297

14.1
41.3¥206,650 million (76.9%)

EPS

FY2014

Diluted EPS

ROE

Yen
Yen
FY201552.85
52.84
FY201446.34
46.32(Reference) Equity in Earnings of unconsolidated subsidiaries and affiliates:
FY2015¥1,372 million(2)

Consolidated Financial Position
Total Assets

(3)

%
5.2
5.0

4,901,526
4,765,368
Mar. 31, 2015
¥1,495,838 million

Consolidated Cash Flows
Cash Flows
from Operating Activities

Operating Incometo Revenue fromOperations

Income before Taxes
and Special Items
to Total Assets
%
2.8
2.9

FY2014

Net Assets

Millions of yen

Mar. 31, 2015
Mar. 31, 2014
(Reference) Total Equity¥116,827 million (20.5%)

%
14.1
15.0

¥1,547 million

Total Equity to Total Assets

Net Assets per Share

Millions of yen%

1,640,163
1,447,093

30.5
27.9
¥1,329,057 million

Mar. 31, 2014

Cash Flows
from Investing Activities

Cash Flows
from Financing Activities

Yen

1,078.11
957.80Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

200,078
336,489(46,568)(133,537)(189,109)(177,514)

198,489
224,739

FY2015FY2014

２．Dividends* In FY2015, interim dividends were ¥6 yen per share. However, upon balancing the accounts both consolidated and unconsolidated Net Income had
considerably increased compared with FY2014 with the year-end dividend scheduled to be increased by ¥2, up to ¥8 per share (annual dividend payout is¥14 per share). After taking into deep consideration the above dividend objectives as well as future prospects, both the interim dividend and year-end
dividend will be set at ¥7 and annual dividend payout will be ¥14 per share for FY2016.
Dividends per ShareFY2014FY2015FY2016(Planned)

1Q

2Q

3Q

4Q

Annual

Yen－－

Yen
6.00
6.00

Yen－－

Yen
6.00
8.00

Yen
12.00
14.00

－

7.00

－

7.00

14.00

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Cash Dividends Paid

Dividend Payout(Annual)Ratio (Consolidated)

Millions of yen
16,651
19,425

%
25.9
26.5
27.7

Cash Dividends toNet Assets(Consolidated)

%
1.3
1.4

３．Forecast of Consolidated Financial Results for FY2016(April 1, 2015 — March 31, 2016)* Percent figures for revenue from operations, operating income, income before taxes and special items, and profit attributable to owners of parent
express the percentage changes from the previous fiscal year.
* In accordance with amendments to the Accounting Standard for Business Combinations etc., changes in titles appearing in the consolidated financial statement
have been applied as of FY2016.
Income before Taxes
Profit Attributable toRevenue from Operations
Operating IncomeEPSand Special Items
Owners of Parent
Millions of yenFull Fiscal Year

995,000%

Millions of yen(10.4)

135,000%

Millions of yen(13.6)%

113,000

Millions of yen(15.1)%

70,000Yen

(4.6)

50.45

Notes
(1) Changes in Important Subsidiaries during the Period (Changes in Specified Subsidiaries in accordance with Changes in the Scope of Consolidation): Yes
New Consolidation: 6th MEC Toshi Kaihatsu TMK
Exclusion: Tokumei Kumiai (TK) First M(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: Yes*

2)

Changes of accompanying revisions other than 1. above: Yes*

3)

Changes in accounting estimates: No

4)

Retrospective restatement: No* The following adjustments have been made in line with revisions.
a) Accounting standard for retirement benefits
The effect of the above on the consolidated financial statement is nominal.
b) Accounting standard for business combinations
The effect on operating income and income before taxes and special items in consolidated FY2015 is nominal. Income before income taxes
and minority interests increased by ¥6,672 million. In addition, capital surplus at the end of consolidated FY2015 decreased by ¥7,850 million.

(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, 2015

1,390,397,097 sharesMar. 31, 2015
Mar. 31, 2015

Mar. 31, 2014

1,390,397,097 shares

2,927,192 sharesMar. 31, 2014

2,780,825 shares

1,387,562,495 sharesMar. 31, 2014

1,387,643,779 shares(Reference) Non-Consolidated Results
１．Non-Consolidated Results for FY2015 (April 1, 2014– March 31, 2015)* Percent figures for revenue from operations, operating income, income before taxes and special items, and net income express the percentage changes from theprevious fiscal year.
(1) Non-Consolidated Results
Revenue from Operations

Income before Taxes

Operating Income

Net Incomeand Special Items

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2015414,683

2.3

77,564

8.8

79,875

20.7

51,347363.3

FY2014405,316

6.4

71,2799.8

66,192

23.9

11,082－EPS

Diluted EPSYenYen

FY2015

37.01

37.00

FY2014

7.99

7.98(2) Non-Consolidated Financial Position
Total Assets
Mar. 31, 2015
Mar. 31, 2014
(Reference) Total Equity

Net Assets

Total Equity to Total Assets

Net Assets per Share

Millions of yen

Millions of yen%

Yen

4,067,775

1,289,833

31.7

929.2730.2

848.64

3,904,323
Mar. 31, 2015

1,178,084¥1,289,332 million-2-Mar. 31, 2014

¥1,177,589 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.

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