May 21, 2009

MORI TRUST Co., Ltd.
Toranomon 2-chome Tower,
2-3-17 Toranomon Minato-ku,
Tokyo 105-0001 JAPANTEL +81-3-5511-2255
FAX +81-3-5511-2259

PRESS RELEASE

Financial Report for the Fiscal Year Ended March 2009
Mori Trust Group recently announced its consolidated business performance for the year ended
March 31, 2009. The Group consists of 22 consolidated companies, including Mori Trust Co., Ltd., Mori
Trust Building Management Co., Ltd., and Mori Kanko Trust Co., Ltd., and four equity-method affiliates.

[Mori Trust Group Consolidated Financial Report] (April 1, 2008 – March 31, 2009)(Figures in millions of yen; figures less than one million yen rounded off)

FY 2007
1 Operating revenue

FY 2008

FY 2009(projected)

160,716

226,879

200,000

Leasing

65,59968,00966,000Hotel

24,572

22,041

31,000

Sales of real estate

51,534

119,806

90,000Other

19,01017,022

13,000(interior construction in leased spaces, etc.)2Operating income

57,45993,98265,0003

Ordinary income

52,427

72,79159,0004

Net income

35,07935,21933,000○Consolidated Companies (22 companies)(*: Company added to consolidation)

MORI TRUST CO., LTD. / MORI TRUST BUILDING MANAGEMENT CO., LTD. / MORI KANKO
TRUST CO., LTD. / MAMPEI HOTEL / *YOKOHAMA GRAND INTER･CONTINENTAL HOTEL Co., Ltd.
/ MT&Hilton Hotel Co., Ltd. / MT GOLF DEVELOPMENT CO., LTD. / LAFORET T&S CO., LTD. /FORETSEINE CO., LTD. / Toyo Housing Management, Inc. / Toyo Green Building Co., Ltd. / URBAN
LIFE Co., Ltd. / URBAN LIFE JUUTAKUHANBAI Co., Ltd. / LIZ INVESTMENT Co., Ltd. / MT Labo Co.,
Ltd. / MT Labo Capital Co., Ltd. / MTL Fund No.1 Investment Limited Partnership / MT GENEXCORPORATION / MORI TRUST Asset Management Co., Ltd. / Shiroyama Heating & Cooling Supply Co.,
Ltd. / OHNO KOGYO CO., LTD. / AZMAX CORP.
○Equity-Method Affiliates (4 companies)
PARCO CO., LTD. / THE ROYAL HOTEL, LIMITED / MORI TRUST Sogo Reit, Inc. / URBAN SERVICE
CO., LTD（As of March 31, 2009)1

Overview of FY 2008 business performanceo

In the fiscal year ended March 31, 2009, sales reached a record high of 226.8 billion yen. Ordinary
income also continued to increase, setting a new record of 72.7 billion yen.

oLeasing revenues accounted for 68.0 billion yen of total sales, a year-on-year increase that reflects
the start of business at Marunouchi Trust Tower Main and the strong office leasing market in thefirst half of the fiscal year.

oHotel revenues declined to 22.0 billion yen, due to the impact of factors including sluggish personal
consumption and falling banquet demand in the face of the deteriorating economic situation.

oRevenues from real estate sales rose to 119.8 billion yen, driven by subsidiaries’ condominium sales
and sales of buildings owned by Mori Trust.

oDespite the negative effect on revenues of the spinoff of MT Genex Corp.’s exterior product segment,
Mori Trust Building Management construction subcontracting revenues remained steady,contributing to other revenues totaling 17.0 billion yen.

o

Non-operating income and extraordinary income included revenues from the sale of assets,
impairment losses, and losses on valuation of inventory assets. As a result, ordinary income totaled
72.7 billion yen, while net income amounted to 35.2 billion yen.

Business performance projections for FY 2009o

For the year ending March 31, 2010, Mori Trust Group is conservatively anticipating a weak officeleasing market due to the impact of the economic downturn. Consequently, leasing revenues are
forecast to total 66 billion yen. Hotel revenues are projected to increase to 31 billion yen, due tofactors including Yokohama Grand Intercontinental Hotel Co., Ltd. shifting from an equity-method
affiliate to a consolidated company in December 2008. Revenues from real estate sales are forecast to
total 90 billion yen, driven by subsidiaries’ condominium sales and property sales associated withasset portfolio changes.
Total revenues are expected to be 200 billion yen, ordinary income is projected to be 59 billion yen,and net income is forecast at 33 billion yen.

Projections contained in this document have been made on the basis of information available when it was
released. Due to various unforeseeable factors, actual performance may differ from such projections.

2

FY 2008 key business topics
Organizational Changes◇ MT Facility Service changes name to Mori Trust Building Management
In October 2008 MT Facility Service Co., Ltd., which handles overall building management services
for buildings owned by Mori Trust Group, changed its name to Mori Trust Building Management Co.,Ltd.
◇ Mori Trust establishes Real Estate Brokerage Department
In October 2008 Mori Trust established a Real Estate Brokerage Department to handle real estate
brokerage and agency services.
◇ Yokohama Grand Intercontinental Hotel becomes consolidated company
In December 2008 Mori Trust acquired additional shares in Yokohama Grand Intercontinental Hotel,
the company that manages the hotel InterContinental Yokohama Grand, bringing its holding in thecompany to 58.68 percent and making it a consolidated company of Mori Trust.
Redevelopment Projects◇ Marunouchi Trust City
In November 2008 Mori Trust completed Marunouchi Trust Tower Main, adjacent to Tokyo Station’s
Nihonbashi exit and developed under the special urban renaissance district scheme. In conjunction
with this, the area was named Marunouchi Trust City.
As well as offices, stores, and restaurants, this large urban complex comprises Shangri-La Hotel,
Tokyo, the first location in Japan of the luxury hotel chain Shangri-La Hotels and Resorts (opened
March 2009), and TIC Tokyo tourist information center (scheduled to open mid-2009), creating a focal
point for international business and tourism.
◇ Sendai Trust City
Mori Trust is currently developing a large urban complex on the site of the former Tohoku Gakuin
junior and senior high schools in the Aoba-ku, Ichibancho area of central Sendai, and in June 2008
the area was named Sendai Trust City.
In October 2008 it was decided that ｔhe Westin Sendai, the first foreign luxury hotel in the Tohoku
region, will open in Sendai Trust Tower. Also housing offices, the tower is scheduled for completion in
April 2010. A local office will be set up in mid-2009 to prepare for the opening of business in the tower,
which is targeted for August 2010.
In May 2009 a sales office with model units was opened for the Residence Ichibancho, a high-rise
residential development scheduled for completion in June 2010 that aims to set a new standard for
tower-style living.

3

Hotel and Resort Business◇ Laforet Hotels and Resorts
To enhance the Laforet brand, Mori Trust and Mori Kanko Trust are progressively upgrading* the 14
Laforet Hotels and Resorts facilities. In mid-2009, to celebrate 80 years of diplomatic relations with
Canada, these facilities will hold Canada Fair events showcasing popular Canadian leisure activities,
cuisine, food products, and merchandise.
*Key examples of recent upgrades
Refurbishment of guest rooms (including installation of some deluxe rooms), lobbies, restaurants,
shops, etc., at Laforet Shuzenji, Laforet Gora, Laforet Yamanakako, Laforet Nasu, Laforet Club
Hotel Nakakaruizawa, and other facilities (details differ according to the hotel).

4

<Reference>
Overview of redevelopment projects○ Multipurpose Redevelopment Project■ Marunouchi Trust City
Address(Main) 1-8-3 Marunouchi, Chiyoda-ku, Tokyo(North) 1-8-1 Marunouchi, Chiyoda-ku, Tokyo
Site Area
12,026.77㎡
Total floor area
180,574.94㎡
Main
North
Total floor area
65,195.26㎡
115,379.68㎡
Number of floors
37 stories above
19 stories above
ground, 4 stories
ground, 3 stories
below groundbelow ground
Maximum height
178ｍ
99.6ｍ
office (2-26F)
office (3-19F)
Primary use
hotel (B1F,1F,27-37F) retail (1-2F)
retail (2F)
tourist information
center (1F)
Building completion November 2008
September 2003
Shangri-La Hotel, Tokyo
Hotel tenant
202rooms
Guest room
Italian restaurant Piacere, Japanese restaurant
Restaurant andNadaman ,The Lobby Lounge
bar facilities
Wedding chapel, Ball Room, Meeting facilities,
Other facilities
Horizon Club Lounge,
CHI spa, Health club, Indoor swimming pool
March 2009
Starting date
■ Sendai Trust City
Address

1-9 Ichibancho, Aoba-ku, Sendai, Miyagi
Sendai Trust Tower
The Residence Ichibancho
Site area
13,550.52㎡
3,099.49㎡
Total floor area
Approx. 125,300㎡
30,359.96㎡
Number of floors
37 stories above ground, 29 stories above ground,2 stories below ground 1 stories below ground
Maximum height
Approx. 180m
Approx. 100m
Primary use
office (6-26F)
residence
hotel (1-3F,25-37F)
retail (1-5F)
Scheduled for completion April 2010 (scheduled) June 2010 (scheduled)
THE WESTIN SENDAI
Hotel
292rooms
Guest room
All day dining, Specialty restaurant,
Restaurant andLobby lounge
bar facilities
Spa,Wedding chapel, Banquet hall, etc.
Other facilities
Starting Date
August 2010 (scheduled)
The above contents is based on plans as of the date this document was released
Plans in i this document subject to change.

Mori Trust Group: Total floor area leased or managed○Leased or managed facilities (as of March 2009)○Leased buildings:○Hotel ＆ Resort

Approx. 1,250,000 ㎡ (62buildings)
facilities:

29 hotels (Approx.7,100 guest rooms)(Laforet Hotels & Resorts 14 locations; MAMPEI HOTEL; CONRAD TOKYO; INTERCONTINENTAL
YOKOHAMA GRAND; HOTEL SUNROUTE PLAZA SHINJUKU; Shangri-La Hotel, Tokyo; RIHGA
ROYAL HOTELS & Associates Hotels(Capital & Business tie-up partner: 10hotels))5Overview of Hotel & Resort business■Laforet Hotels & Resorts■ MAMPEI HOTEL■ CONRAD TOKYO■ RIHGA ROYAL HOTELSName of Hotel
Laforet Shuzenji
Laforet Shuzenji & Country club
Laforet Gora
Laforet Ito
Laforet Yamanakako
Laforet Nasu
Laforet Shirakawa Golf course
Laforet Zao Resort & Spa
Laforet Club Hotel Nakakaruizawa
Laforet Club Hotel Hakubahappo
Laforet Biwako
Laforet Nankishirahama
Hotel Laforet Tokyo
Hotel Laforet Shin-Osaka
Laforet ＆ Matsuo Golf Club

Address
Izu-shi, Shizuoka
Hakone-machi, Ashigarashimo-gun, Kanagawa
Ito-shi, Shizuoka

Yamanakako-mura, Minamitsuru-gun, Yamanashi

Nasu-machi, Nasu-gun, Tochigi

Izumizaki-mura, Nishi-Shirakawa-gun, Fukushima

Zao-machi, Katta-gun, Miyagi
Karuizawa-machi, Kita-Saku-gun, Nagano
Hakuba-mura, Kita-Azumi-gun, Nagano
Moriyama-shi, Shiga
Shirahama-machi, Nishi-Muro-gun, Wakayama
Shinagawa-ku, Tokyo
Yodogawa-ku, Osaka-shi, Osaka
Sammu-shi, Chiba

Guest Room, etc.
296 Rooms
18 Holls
34 Rooms
84 Rooms
104 Rooms
120 Rooms
18 Holls 48 Rooms
197 Rooms
84 Rooms
45 Rooms
272 Rooms
182 Rooms
248 Rooms
332 Rooms
18 Holls

Address
Guest Room
Restaurant
and barfacilities
Other facilities
Starting Date

Karuizawa-cho, Kitasaku-gun, Nagano
88 Rooms
Main dining room, Chinese restaurant Manzanro,
Yugyoan Tankuma Kita-mise restaurant specializingin Kyoto cuisine,and Kappo Yugyoan, Cafe, Bar,
Function Rooms, Exthetic Salon, Shop, etc.
1894

Address
Guest Room
Restaurant andand barfacilities
Other facilities
Starting Date

1 Higashi-shinbashi, Minato-ku Tokyo
290 Rooms（including 68 suites）
Gordon Ramsay at Conrad Tokyo (French), Cerise by Gordon Ramsay(Brasserie), China Blue (Chinese), Kazahana (Japanese),
TwentyEight (Bar & Rouge)
Spa & Fitness, Indoor pool, Banquet rooms, Wedding Chapel, etc.
2005

■RIHGA ROYAL HOTELSName of Hotel
RIHGA ROYAL HOTEL (Osaka)
RIHGA ROYAL HOTEL Tokyo
RIHGA ROYAL HOTEL Kyoto
RIHGA ROYAL HOTEL Hiroshima
RIHGA ROYAL HOTEL Kokura
RIHGA ROYAL HOTEL Niihama
RIHGA Nakanoshima Inn
RIHGA ROYAL HOTEL Sakai
Kuroyon Royal Hotel

Address
Guest Room973 Rooms
Kita-ku, Osaka
Shinjuku-ku, Tokyo
126 Rooms
Shimogyo-ku, Kyoto
484 Rooms
Naka-ku, Hiroshima
490 Rooms
Kokurakita-ku, Kitakyushu-shi, Fukuoka 295 Rooms
94 Rooms
Niihama-shi, Ehime
Nishi-ku, Osaka
340 Rooms
Sakai-shi, Osaka
241 Rooms
Omachi-shi, Nagano
73 Rooms■Associates Hotel
RIHGA Hotel Zest Takamatsu

Takamatsu-shi, Kagawa

122 Rooms■ INTERCONTINENTAL YOKOHAMA GRAND
Address
Guest Room
Restaurant
and barfacilities
Other facilities
Starting Date

■ Shangri-La Hotel, Tokyo

Minato Mirai, Nishi-ku, Yokohama-shi, Kanagawa
594 Rooms
Chinese restaurant Karyu, Asian bistro Spicy J, French restaurant Azur,
Japanese restaurant Nadaman, Italian restaurant La Vela, Lounge & bar
Marine Blue, Music lounge, Buffet dining, Pastry shop Seafood bistro
Spa, Fitness, Banquet Halls, Wedding Chapel, etc.
1991

※LeaseAddress
Guest Room
Restaurant andbar facilities
Other facilities*image Perspective

Starting Date

1 Marunouchi, Chiyoda-ku, Tokyo
202 Rooms
Italian restaurant Piacere, Japanese restaurant Nadaman ,The Lobby Lounge
Wedding chapel, Ball Room, Meeting facilities, Horizon Club Lounge,
CHI spa, Health club, Indoor swimming pool
March 2009

[Latest Hotel Project]■ THE WESTIN SENDAI*image Perspective

Address
Guest Room
Restaurant andbar facilities
Other facilities
Starting Date

1 Ichibancho, Aoba-ku, Sendai, Miyagi
292 Rooms
All day dining, Specialty restaurant, Lobby lounge
Spa,Wedding chapel, Banquet hall, etc.
August 2010 (scheduled)6Mori Trust Group: summary of consolidated companies
MORI TRUST CO., LTD.

URBAN LIFE Co., Ltd.

Location
President
Established
CapitalBusiness sectors

Location
President
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Akira Mori
June 10, 1970
10 billion yen
Urban development, hotel management andinvestment business

MORI TRUST BUILDING MANAGEMENT CO., LTD.
Location
President
Established
CapitalBusiness sectors

Minamisenba, Chuo-ku, Osaka-shi, Osaka
Kazuo Sase
July 31, 1970
3 billion yen
Development, planning, and sales of condominiums,
office buildings and stores

URBAN LIFE JUUTAKUHANBAI Co., Ltd.

Toranomon, Minato-ku, Tokyo
Location
Kenichi Uchimura
President
April 1, 2002
Established
100 million yen
Capital
Building management businessBusiness sectors(management of property, facility and interior design)

Minamisenba, Chuo-ku, Osaka-shi, Osaka
Kenkichi Takatsu
July 29, 1982
300 million yen
Planning and sales of condominiums, dealing,
brokerage of leasing and operations of real estate

MORI KANKO TRUST CO., LTD.

LIZ INVESTMENT Co., Ltd.

Location
President
Established

Location
Representative
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Kazuyasu Abe
April 3. 2006
(date of foundation since incorporation-type company split)

Capital2 billion yen
Business sectors Operation of Laforet Hotels & Resorts

MAMPEI HOTEL
Location
Chair
General Manager
Established
CapitalBusiness sectors

Marunouchi, Chiyoda-ku, Tokyo
Shinji Arakawa
July 28, 2005
3 million yen
Ownership and leasing of commercial buildings

MT Labo Co., Ltd.
Toranomon, Minato-ku, Tokyo
Yasuharu Sato
Yanai Yasutaka
1894
100 million yen
Ownership and operation of Mampei Hotel

Location
Chair
President
Established
CapitalBusiness sectors

Akasaka, Minato-ku, Tokyo
Akira Mori
Masaki Murata
April 3, 2006
300 million yen
Investment banking services

YOKOHAMA GRAND INTER･CONTINENTAL HOTEL Co., Ltd.

MTL Fund No.1 Investment Limited Partnership

Location
President
Established
CapitalBusiness sectors

General Partner
Established

Minato Mirai, Nishi-ku, Yokohama-shi, Kanagawa
Nobuyuki Endo
May 12, 1988
1,631 million yen
Management of
INTERCONTINENTAL YOKOHAMA GRAND

MT&Hilton Hotel Co., Ltd.
Location
President
Established
CapitalBusiness sectors

MT Labo Capital Co., Ltd.
August 31, 2007

MT Labo Capital Co., Ltd.
Location
Akasaka, Minato-ku, Tokyo
President
Hidemitsu Mori
Established
December 3, 2007
Capital50 million yen
Business sectors Management of investment fundToranomon, Minato-ku, Tokyo
Kazuhiko Oiwa
October 22, 2004
20 million yen
Management of Conrad Tokyo

MT GOLF DEVELOPMENT CO., LTD.

MT GENEX CORPORATION

Location
President
Established
CapitalBusiness sectors

Location
President
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Toshio Komatsu
November 19, 2004
100 million yen
Ownership and Operation of Laforet &Matsuo Golf Club

Shinbashi, Minato-ku, Tokyo
Hitoshi Suzuki
October 1945
Approx. 1,072 million yen
Facelift of building and housing, and parking
operation management, etc.

LAFORET T&S CO., LTD.

MORI TRUST Asset Management Co., Ltd.

Location
President
Established
CapitalBusiness sectors

Location
President
Established
CapitalBusiness sectors

Nihonbashihoncho, Chuo-ku, Tokyo
Ryoji Tanaka
May 9, 1970
55 million yen
Sales and planning for domestic and overseasorganized travel and other various services
industries

Akasaka, Minato-ku, Tokyo
Satoshi Horino
February 28, 2000
400 million yen
Operation of real estate investment trusts

FORETSEINE CO., LTD.

Shiroyama Heating & Cooling Supply Co., Ltd.

Location
President
Established
CapitalBusiness sectors

Location
President
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Nobuo Konomi
August 7, 2001
550 million yen
Plannning, development and sales of urban residence

Toyo Housing Management, Inc.
Location
President
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Akira Mori
November 6, 1989
300 million yen
Local heating and cooling services
in the Shiroyama Garden and adjacent area

OHNO KOGYO CO., LTD.
Kyobashi, Chuo-ku, Tokyo

Roppongi, Minato-ku, Tokyo
Nobuo Konomi
November 27, 1979
10 million yen
Leasing management and operations of real estate

Location
Chair
Established
CapitalBusiness sectors

Toyo Green Building Co., Ltd.

AZMAX CORP.

Location
President
Established
CapitalBusiness sectors

Location
President
Established
CapitalBusiness sectors

Toranomon, Minato-ku, Tokyo
Nobuo Konomi
March 1, 1978
90 million yen
Condominium management service

7

Akira Mori
August 1, 1937
50 million yen
Leasing management and operation of real estate,and steel operation

Kyobashi, Chuo-ku, Tokyo
Michinobu Mizobe
August 11, 1947
499 million yen
Manufacturing and selling cold drawn
special steel shapes

Mori Trust Group: summary of equity-method affiliates
PARCO CO., LTD.

MORI TRUST Sogo Reit, Inc.

Location
Shinsen-cho, Shibuya-ku, Tokyo
EstablishedFebruary 13, 1953
Business sectors Development, operation, consulting,and property management for shopping centers, etc.

Location
Akasaka, Minato-ku, Tokyo
Established
October 2, 2001
Business sectors Investment in real estate and asset-backed
securities investing primarily in real estate

THE ROYAL HOTEL, LIMITEDURBAN SERVICE CO., LTD.

Nakanoshima, kita-ku, Osaka-shi, Osaka
Location
March 14, 1932
Established
Business sectors Hotel management centered on lodgment,

Location
Minamisenba, Chuo-ku, Osaka-shi, Osaka
Established
April 5, 1979
Business sectors General management of condominiums
and other buildings, etc.

banquet and restaurant, and hotel
incidental business8

Consolidated Financial Statements (As of March 31, 2009)
Consolidated Financial Statements (As of March 31, 2009)
Consolidated Balance Sheets
MORI TRUST CO., LTD.
2009
AssetsⅠ．Current assets
1 Cash and deposits
2 Notes and accounts receivable-trade
3 Short-term investment securities
4 Real estate for sale（1) Real estate for sale（2) Real estate for sale in process（3) Real estate for development
5 Other inventories
6 Deferred tax assets
7 Other
Allowance for doubtful accounts
Total current assets
Ⅱ．Noncurrent assets
1 Property, plant and equipment（1) Buildings and structures, net（2) Machinery, equipment and vehicles, net（3) Land（4) Golf courses（5) Construction in progress（6) Other
Total property, plant and equipment
2 Intangible assets（1) Leasehold right（2) Goodwill（3) Other
Total intangible assets
3 Ｉｎｖｅｓｔｍｅｎｔs and other assets（1) Investment securities
Investments in unconsolidated subsidiaries and（2)
affiliates（3) Long-term loans receivable（4) Deferred tax assets（5) Guarantee deposits（6) Other
Allowance for doubtful accounts
Total iｎｖｅｓｔｍｅｎｔs and other assets
Total noncurrent assets
Total assets

9(\ millions)2008

14,895
5,083
14,63360,774
34,388
7,791
2,972
2,650
10,405△ 3,794
149,798

16,376
4,344
3,697
91,947
2,290
1,267
9,573
△ 49
129,448

157,200
1,927
509,312
1,489
8,119
1,725
679,775

130,999
1,762
539,122
3,248
20,7881,530
697,452

6,293
983
1,339
8,616

6,366
1,509
1,613
9,490

11,084

20,34971,53452,525

1,449
890
11,571
2,128△ 314
98,344
786,736
936,534

1,496
374
11,0942,086△ 142
87,785
794,728
924,177

MORI TRUST CO., LTD.
Liabilities
Ⅰ．Current liabilities
1 Notes and accounts payable-trade
2 Short-term loans payable
3 Current portion of long-term loans payable
4 Accounts payable-other
5 Income taxes payable
6 Accrued expenses
7 Advances received
8 Deposits received
9 Provision for bonuses
10 Provision for directors' bonuses
11 Other
Total current liabilities
Ⅱ．Noncurrent liabilities
1 Long-term loans payable
2 Long-term lease deposited
3 Long-term guarantee deposited
4 Long-term deposits received
5 Deferred tax liabilities
6 Provision for retirement benefits
7 Other
Total noncurrent liabilities
Total liabilities
Net assets
Ⅰ．Shareholders' equity
1 Capital stock
2 Capital surplus
3 Retained earnings
4 Treasury stock
Total shareholders' equity
Ⅱ．Valuation and translation adjustments
1 Valuation difference on available-for-sale securities
2 Deferred gains or losses on hedges
3 Foreign currency translation adjustment
Total valuation and translation adjustments
Ⅲ．Minority interests
Total net assets
Total liabilities and net assets

10

2009

2008

13,360210,11381,9004,037
27,829
1,813
8,393
1,028
426
297
349,201

9,224
196,310
122,474
3,199
6,829
1,836
9,507
917
446
19
302
351,067

250,489
60,27465,907
300
6,001
3,246
372
386,593735,795

264,784
62,66564,945
1,359
8,614
2,759
430
405,558
756,626

10,0006,643
200,392△ 21,096
195,939

10,000
6,643
166,781△ 21,096
162,328

△ 384
△ 89
△ 65
△ 539
5,339
200,739
936,534

△ 672
△ 101
36
△ 737
5,960
167,551
924,177

Consolidated Statements of Income
MORI TRUST CO., LTD.
Ⅰ．Operating revenue
Ⅱ．Operating cost
Operating gross profit
Ⅲ．Selling, general and administrative expenses
Operating income
Ⅳ．Non-operating income
1 Interest and dividends income
2 Equity in earnings of affiliates
3 Ｆinancial income-other
4 Other
Total non-operating income
Ⅴ．Non-operating expenses
1 Interest expenses
2 Loss on sales of securities
3 Loss on valuation of securities
4 Equity in losses of affiliates
5 Other
Total non-operating expenses
Ordinary income
Ⅵ．Extraordinary income
1 Gain on sales of noncurrent assets
2 Gain on sales of investment securities
3 Other
Total extraordinary income
Ⅶ．Extraordinary loss
1 Loss on sales of noncurrent assets
2 Loss on retirement of noncurrent assets
3 Impairment loss
4 Loss on valuation of inventories
5 Loss on valuation of investment securities
6 Other
Total extraordinary losses
Income before income taxes
and minority interests in income
Income taxes-current
Income taxes-deferred
Total income taxes
Minority interests in income
Net income

11

2009
226,879
118,332
108,547
14,564
93,982

2008
160,716
90,18370,533
13,07357,459

611
753
1,364

767
1,905
395
476
3,545

7,851
10,5362,715
1,452
22,55572,791

7,224
1,058
295
8,577
52,427

360
251
612

12,870273
13,143

1,873
2,775
1,687
1,198
158
7,693

766
2,306
1,142
177
4,392

65,71061,17736,185△ 4,334
31,850△ 1,359
35,21916,417
8,636
25,054
1,044
35,079