■August 8, 2024

MITSUBISHI ESTATE CO., LTD.

Fact Sheet FY2024-1Q(The Fiscal Year Ending on March 31, 2025)
Definition of Term（Changes from previous versions）“FY2024” means the Group’s fiscal year ended March 31, 2025, and other fiscal years mean in a corresponding manner.
Disclaimer
This Fact Sheet contains predictions and aims which relate to, without limitation, our future economic performance, our plans and objectives for future operations andprojections of revenue and other financial items.
These predictions are inherently subject to risks and uncertainties, due to unforeseeable events or external factors.
Future events and actual results, financial and otherwise, may differ materially from the events and results expressed here.
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.

Inquiries: MITSUBISHI ESTATE CO., LTD.
Investor Relations Office
TEL: +81-3-3287-5200
FAX: +81-3-3212-3757
https://www.mec.co.jp/en/ir/

Income Statement Results for FY2024-1Q and FY2023-1Q
Millions of yen (rounded down)

Commercial Property Business

FY2024-1Q
Results

FY2023-1Q
Results

105,246

102,427

ChangeChange

5,563

2,710

2,852

Total

5,563

2,710

2,852

93,90896,570(2,661)

89,271

51,68937,582

International Business

26,99932,154(5,155)Investment Management Business

8,226

6,793

1,433

17,517

15,554

1,963

2,515

2,216

298

Millions of yen (rounded down)■ Breakdown of Extraordinary losses

FY2024-1Q
Results

Total

Eliminations(15,447)(14,941)(505)

Operating Revenue

328,239

292,465

35,774FY2023-1Q
Results-

Change--Millions of yen (rounded off to the nearest billion)■ Capital Gains included in Operating profit (Before G&A)

Commercial Property Business

21,647

18,783

2,864

Marunouchi Property Business

23,997

27,242(3,245)Residential Business

2,922(1,813)

4,735International Business

6,444

8,860

(2,415)Investment Management Business

FY2023-1Q
Results

Gain on sale of investment securities

Residential Business

Other

FY2024-1Q
Results

2,818

Marunouchi Property BusinessArchitectural Design & Engineering Business and Real Estate Services BusinessMillions of yen (rounded down)■ Breakdown of Extraordinary income

FY2024-1Q
Results

FY2023-1Q
Results

Commercial Property Business

4,000

5,000

(1,000)Residential Business

3,000

4,000

(1,000)6,000(6,000)15,000(8,000)

837

1,214

(376)

International BusinessArchitectural Design & Engineering Business and Real Estate Services Business

2,518

1,576

942

Total

Other

(658)

(683)

25

*Capital Gains: Disposition of assets and other one-time-only profit with the exclusion of residential condominium sales.

Eliminations or Corporate(5,911)(6,779)867

Operating Profit

51,79848,4003,397

Non-operating income

6,812

6,010

802

107

61

46

(Share of profit of entities accounted for using equity method)

Non-operating expenses

14,816

10,7804,036

Ordinary Profit

43,794

43,630163

Extraordinary income

5,563

Extraordinary losses

2,710
-

-

Change

7,000

Millions of yen (rounded down)■ Business profit
Business profit

FY2024-1Q
Results

FY2023-1Q
Results

51,906

48,462

Change3,443*Business profit: Operating profit + Share of profit of entities accounted for using equity method

2,852
-

-

Profit before Income Taxes

49,357

46,3403,016

Total income taxes

18,507

22,953(4,446)

Profit30,85023,387

7,462

Profit attributable to non-controlling interests

4,908

4,118

790

Profit Attributable to Owners of Parent

25,941

19,269

6,672*From FY2024, the former Commercial Property Business group is split into the Commercial Property Business group and the Marunouchi Property Business group.

2Income Statement Progress Against Forecast for FY2024
Millions of yen (rounded down)

FY2024-1Q
Results

FY2024
Forecasts

Progress
Rate

Millions of yen (rounded down)■ Breakdown of Extraordinary income / losses

FY2024-1Q
Results

FY2024
Forecasts

Progress
Rate

Commercial Property Business

105,246

519,000

20.3%

Gain on sale of investment securities

5,563

-

-

Marunouchi Property Business

93,908382,000

24.6%

Total Extraordinary income

5,563

-

-

Residential Business

89,271

392,000

22.8%

Total Extraordinary losses--

International Business

26,999245,000

11.0%

Total Extraordinary income / losses

Investment Management Business

8,226

39,00021.1%

17,51774,000

23.7%

2,515

12,00021.0%

Eliminations(15,447)(67,000)

23.1%

Operating Revenue

328,239

1,596,000

20.6%

Commercial Property Business

21,647110,000

Marunouchi Property Business

23,99790,000Residential Business

2,922

40,000

7.3%

Total

International Business

6,444

70,0009.2%*Capital Gains: Disposition of assets and other one-time-only profit with the exclusion of residential condominium sales.

837

13,000

6.4%

2,518

7,000

36.0%

Architectural Design & Engineering Business and Real Estate Services Business

Other

Investment Management BusinessArchitectural Design & Engineering Business and Real Estate Services Business

Other

-

5,563

26,000Millions of yen (rounded off to the nearest billion)■ Capital Gains included in Operating profit (Before G&A)

FY2024-1Q
Results

Commercial Property Business

4,000

19.7%

Residential Business

3,000

26.7%

International Business

FY2024
Forecasts

7,000■ Business profit(658)(2,000)32.9%(5,911)(28,000)

21.1%

Operating Profit

51,798300,000

17.3%

Business profit

Non-operating income

6,812

12,00056.8%*Business profit: Operating profit + Share of profit of entities accounted for using equity method(Share of profit of entities accounted for using equity method)

107

300

35.7%

14,81660,00024.7%

Ordinary Profit

43,794

252,000

17.4%

Extraordinary income / losses

5,563

26,000

21.4%

Profit before Income Taxes

49,357

278,000

17.8%

Total income taxes

18,50792,00020.1%

Profit30,850186,000

16.6%

Profit attributable to non-controlling interests

4,908

13,00037.8%

Profit Attributable to Owners of Parent

25,941

173,000

15.0%

Progress
Rate

45,0008.9%

20,00015.0%

45,0000.0%

110,000

6.4%

Millions of yen (rounded down)

Eliminations or Corporate

Non-operating expenses

21.4%

FY2024-1Q
Results

FY2024
Forecasts

51,906300,300

Progress
Rate

17.3%

3

Current Income Statement Forecasts for FY2024 and Results for FY2023* There is no change in the FY2024 earnings estimates announced on May 10, 2024.
Millions of yen (rounded off to the nearest billion)

Millions of yen (rounded down)

FY2024
Forecasts

Commercial Property Business

519,000

FY2023Results

499,138■ Capital Gains included in Operating profit (Before G&A)

Change19,862

FY2024
Forecasts

FY2023Results

Commercial Property Business

45,00052,000Change(7,000)Marunouchi Property Business

382,000

381,027

973

Residential Business

20,00023,000(3,000)Residential Business

392,000

398,827(6,827)

International Business

45,00032,00013,000International Business

245,000

173,770

71,230

Total

110,000

107,000

3,000

Investment Management Business

39,00030,962

8,038*Capital Gains: Disposition of assets and other one-time-only profit with the exclusion of residential condominium sales.

Architectural Design & Engineering Business and Real Estate Services Business

74,00073,265735

Other12,00011,009991

Eliminations(67,000)(63,313)(3,687)

1,596,000

1,504,687

91,313110,000

114,730(4,730)Business profit*Business profit: Operating profit + Share of profit of entities accounted for using equity method

Operating Revenue
Commercial Property Business
Marunouchi Property Business

90,00097,082(7,082)

Residential Business

40,00038,8881,112International Business

70,00051,44818,552

Investment Management Business

13,000(1,619)14,619Architectural Design & Engineering Business and Real Estate Services Business

7,000

9,021

(2,021)Other(2,000)(1,577)(423)

Eliminations or Corporate(28,000)(29,346)

1,346

Operating Profit

300,000

278,627

21,373Non-operating income

12,00015,809(3,809)

300

308

(8)

(Share of profit of entities accounted for using equity method)

Non-operating expenses

60,00053,278

6,722

Ordinary Profit

252,000

241,158

10,842Extraordinary income / losses

26,00033,374(7,374)

Profit before Income Taxes

278,000

274,532

3,468

Total income taxes

92,00098,131(6,131)

Profit186,000

176,401

9,599

Profit attributable to non-controlling interests

13,000

7,968

5,032

Profit Attributable to Owners of Parent

173,000

168,432

4,568

Millions of yen (rounded down)■ Business profit

FY2024
Forecasts

FY2023Results

300,300

278,935

Change21,365

4

Balance Sheet Results
Millions of yen (rounded down)

At June 30, 2024 At Mar 31, 2024

Millions of yen (rounded down)

ChangeAssetsAt June 30, 2024 At Mar 31, 2024

ChangeLiabilities

I. Current assets
1. Cash and deposits
2. Trade notes accounts receivable, and contract assets
3. Securities
4. Real estate for sale

233,556
62,9906,481
52,897273,951
89,174
4,752
53,792(40,395)(26,183)
1,729
(894)

5. Real estate for sale in process
6. Real estate for development

457,306
719

453,008
719

6,304
1,530
1,005,699

7. Costs on construction contracts in progress
8. Other inventories
9. Equity investments
10. Other current assets
11. Allowance for doubtful accounts
Total current assets
II. Non-current assets
1. Property, plant and equipment(1) Buildings and structures(2) Machinery, equipment and vehicles(3) Land(4) Land in trust(5) Construction in progress(6) Other property, plant and equipment
Total property, plant and equipment
2. Intangible assets(1) Leasehold interests in land
(2) Other intangible assets
Total intangible assets
3. Investments and other assets(1) Investment securities(2) Long-term loans receivable(3) Leasehold and guarantee deposits(4) Retirement benefit asset(5) Deferred tax assets(6) Other investments(7) Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

I. Current liabilities
1. Trade notes and accounts payable
2. Short-term borrowings
3. Current portion of long-term borrowings
4. Current portion of bonds payable

55,725
221,895
112,582
81,11187,094
231,378
93,261
81,111(31,368)(9,482)
19,320-4,297-

5. Income taxes payable
6. Other current liabilities

26,801
314,298

49,257329,344(22,456)(15,046)

4,955
1,358
962,175

1,348
171
43,524812,415

871,447(59,032)

II. Non-current liabilities
1. Bonds payable

799,472

799,472-

100,808(850)

101,985(785)(1,176)(65)

2. Long-term borrowings
3. Leasehold and guarantee deposits received

2,055,111
455,706

1,931,400
450,325

123,710
5,381

1,927,444

1,945,088(17,643)

4. Deferred tax liabilities
5. Deferred tax liabilities for land revaluation
6. Retirement benefit liability

1,339,214

1,305,376

33,838

7. Provision for retirement benefits for directors (and other officers)

25,7162,467,815
541,146
304,967
24,8694,703,730

25,462
2,403,359
540,882
297,382
24,651
4,597,114

253
64,455
264
7,584
218
106,615

357,466
264,082
27,424406
58,533
198,594
4,087,707
4,959,155

(577)
(717)
634
8
888
4,361
133,690
74,657

77,40726,755
104,162

77,192
27,551
104,743

214
(795)
(580)

142,414
158,722
1,173,075(22,333)
1,451,878

142,414
156,961
1,265,749(102,071)
1,463,054

1,761(92,674)
79,737(11,175)

421,111
5,437
152,315
139,126
28,698204,002(1,234)
949,458
5,757,351
7,684,795

434,243
5,078
151,033
126,652
29,608
191,404(1,219)936,8025,638,660
7,583,748(13,131)359
1,281
12,473(909)
12,598(15)
12,656
118,690
101,047

8. Negative goodwill
9. Other non-current liabilities
Total non-current liabilities
Total liabilities
Net assets
I. Shareholders' equity
1. Share capital
2. Capital surplus
3. Retained earnings
4. Treasury shares
Total shareholders' equity
II. Accumulated other comprehensive income
1. Valuation difference on available-for-sale securities
2. Deferred gains or losses on hedges
3. Revaluation reserve for land
4. Foreign currency translation adjustment
5. Remeasurements of defined benefit plans
Total accumulated other comprehensive income

356,888263,365
28,058414
59,421
202,956
4,221,397
5,033,812

217,142(1,538)526,480
174,628
60,297
977,01071
222,0222,650,982
7,684,795

225,396(226)
526,417
132,469
53,995
938,05271
223,4142,624,593
7,583,748(8,253)(1,312)
63
42,1596,301
38,958(1,392)
26,389101,047

Total current liabilities

III. Share acquisition rights
IV. Non-controlling interests
Total net assets
Total liabilities and net assets

5Assets Breakdown (Consolidated)
Millions of yen (rounded down)
At June 30, 2024

At Mar 31, 2024

ChangeCondominium (domestic)

374,630

380,572(5,942)

International

15,204

16,150

(946)

US

4,007

5,420

(1,413)---Inventories

EuropeAsia

11,196

10,730466

128,924

117,112

11,812518,758

513,834

4,923

Domestic Office Building

85,05672,50012,556

Domestic (other)

117,197

110,154

7,043

International

803,446779,520

23,926

US

368,211

365,304

2,907

Europe44,44542,620

1,825

Other
Total inventories
Equity investments

Asia

390,789

371,595

19,194

1,005,699

962,175

43,524

Office Building (Commercial Property Business)*

982,560

981,816744

Office Building (Marunouchi Property Business)*

2,134,636

2,082,689

51,947

Total equity investments
Property, plant and equipment

Outlet Mall

132,821

134,625(1,804)

Logistics Facility

184,651

186,837(2,186)

Retail Property (Except Outlet Mall)

120,860

120,264

596

Rental Apartment

157,792

156,2361,556International

730,975

669,789

61,186

US

400,176362,259

37,917

Europe299,337

279,718

19,619Asia
Other
Total property, plant and equipment

31,461

27,811

3,650

259,435

264,858(5,423)

4,703,730

4,597,114

106,615*From FY2024, the former Commercial Property Business group is split into the Commercial Property Business group and the Marunouchi Property Business group.

6

Business Data
１. Office Building Data (Consolidated)
Contracted area

(Thousands of square meters)

At Mar 31, 2022

At Mar 31, 2023

At Jun 30, 2023

At Mar 31, 2024

At Jun 30, 2024
4,090

4,151

4,006

4,114

4,030

Owned by MEC

2,559

2,490

2,456

2,376

2,404

Subleases

1,592

1,516

1,659

1,654

1,686

２. Office Building Data (Unconsolidated)(Thousands of square meters)

At Mar 31, 2022

At Mar 31, 2023

At Jun 30, 2023

At Mar 31, 2024

At Jun 30, 2024

At Mar 31, 2025
(Forecasts)

Owned by MEC

3,765

3,664

3,657

3,558

3,548

3,635

Subleases

2,275

2,141

2,269

2,252

2,315

2,335

Total

6,040

5,804

5,926

5,810

5,862

5,970

(2) Leasable area

3,834

3,709

3,790

3,726

3,769

3,769

(3) Vacancy rate (All uses in Japan*)

3.29 ％

3.73 ％

3.91 ％

3.45 ％

-％

-％

-

-

-

3.30 ％

3.00 ％

3.5 ％(1) Total operating floor space(4) Vacancy rate (Office in Japan)* Including retail area etc. in office building

３. Marunouchi Area Building Data (Unconsolidated)(Thousands of square meters; millions of yen(rounded down))

At Mar 31, 2022

At Mar 31, 2023

At Jun 30, 2023

At Mar 31, 2024

Operating floor space

3,026

2,920

2,913

2,805

2,845

Leasable area

1,820

1,745

1,734

1,683

1,707

Office vacancy rate

3.33 ％

Building lease revenue

2.43 ％

2.68 ％

2.33 ％At Jun 30, 2024

1.83 ％

256,707

252,486

65,783

255,773

65,065

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

FY2024 (Forecasts)

４. Domestic Condominium Business Data
*1*3

216,231

117,792

4,091

159,965

28,938156,000

Condominiums sold (units)

3,046

1,596

72

2,271

445

1,750

Gross margin*2*3

22.5 ％

26.1 ％

32.1 ％

25.9 ％

23.2 ％

29.0 ％

Inventory (units)

62

61

45

53

42

-

2,131

2,157

654

2,195

406

1,550

100,026

194,301

244,584

230,369

292,775--

142,815-

143,080

93.4 %

70,210125,275

92,702

128,942

120,887-

9,067

101,427

28,808-

Condominiums sold (Millions of yen)

New supply of condominiums (units)
Condominium contract balance (Millions of yen)
The fiscal year share (Millions of yen)
The following fiscal year share (Millions of yen)

The post following fiscal year share (Millions of yen)
29,81669,026*1 Sales = Sales of new condominiums + supplementary revenue relating to condominiums*2 Gross profit = Sales - COGS (land acquisition and development costs, building construction costs, etc.)*2 Gross profit margin = Gross profit ÷ Sales

Contract Progress Rate

*3 From FY2021, the definition of sales has been changed (supplementary revenue relating to condominiums is added), and the changed figures are shown,including the results of previous years.

7

Main Financial Data
Millions of yen (rounded down)

PL

BS

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

FY2024 (Forecasts)

Operating revenue

1,349,489

1,377,827

292,465

1,504,687

328,239

1,596,000

Operating profit

278,977

296,70248,400278,627

51,798300,000

Ordinary profit

253,710

271,819

43,630241,158

43,794

252,000

Profit attributable to owners of parent

155,171

165,343

19,269168,432

25,941

173,000

Total assets

6,493,917

6,871,959

6,944,948

7,583,748

7,684,795

7,800,000

Inventories

347,388493,544525,239

513,834

518,758

Non-current assets (Property, plant and equipment and Intangible assets)

4,454,082

4,527,401

4,567,157

4,701,858

4,807,892

Interest-bearing debt

2,738,632

2,871,677

2,963,507

3,138,195

3,271,871

3,300,000

Net interest-bearing debt

2,504,387

2,645,905

2,784,520

2,862,229

3,034,427

3,150,000

Average interest rate
Shareholders' equity*1
Cash flow from operating activities(Depreciation)
CF*2

Indicator

Cash flow from investing activities(Capital investment)

0.89 ％

1.06 ％
2,175,906

1.20 ％
2,401,106-

1.45 ％
2,428,889

1.55 ％

2,003,225

2,157,561

2,400,000

280,090269,914-307,249-

91,581

93,459-98,301-

101,000(313,778)(312,046)-(362,017)-(525,000)(572,000)

279,000(329,115)(286,523)-(451,402)-

Cash flow from financing activities

90,97330,457-

100,433-

118,000

Free cash flow

(33,687)(42,132)-(54,768)-(246,000)

Business profit *3

279,310

296,962

48,462278,935

51,906

EBITDA*4

381,434

402,22176,795

391,625

82,066300,300
413,600

ROA*5

4.4 ％

4.4 ％

-％

3.9 ％

-％

ROE*6
EPS(Yen)

8.1 ％

7.9 ％

-％

7.4 ％

-％

116.45125.5414.93

131.9620.52

6.6 times

6.6 times- times

7.3 times- times

After hybrid debt deductions*7

6.2 times

6.2 times- times

6.9 times- times

1.37

1.33

Interest expense

1.36

1.31

3.9 ％
7.2 ％
137.93

Net interest-bearing debt／EBITDA
Debt equity ratio*8
After hybrid debt deductions*7

Other0.79 ％-

1.35

7.6 times
7.3 times
1.38

1.19

1.17

1.22

1.18

1.22

1.24

20,74225,001

7,742

35,996

11,61150,000Interest coverage ratio (ICR)*9
Annual dividends per share(Yen)

13.9 times
36

38

Dividend payout ratio

30.9 ％

30.3 ％

12.2 times- times

8.0 times- times

-

40

-

-％

30.3 ％-％

6.2 times
43
31.2 ％

Current value of Income generating assets

8,840,420

8,964,491-

9,343,200--

Income generating assets unrealized gain

4,573,290

4,633,863-

4,849,975--

Exchange average rate(¥/$）/PL

109.91131.63132.42140.67148.63139.00Exchange average rate(¥/£）/PL

151.18162.00160.97175.05

188.52177.00Exchange current rate(¥/$）/BS

115.02132.70133.53141.83151.41139.00Exchange current rate(¥/£）/BS

155.24160.00165.56

180.68191.22177.00*1 Shareholders' equity = Net assets - Stock acquisition rights - Non-controlling interests*2 CF results are only disclosed in the 2Q and 4Q financial results.
*3 Business profit = Operating profit + Share of profit of entities accounted for using equity method*4 EBITDA = Operating income + Interest income + Dividend income + Share of profit of entities accounted for using equity method + Depreciation + Amortization of goodwill*5 ROA = Business profit / Total assets (average）*6 ROE = Profit attributable to owners of parent / Shareholders' equity (average)*7 The subordinated bond and subordinated loan subject to equity credit from a credit rating agency (50% equity treatment) are shown after deductions.
*8 Debt equity ratio = Interest-bearing debt / Shareholders' equity*9 ICR = (Operating profit + Interest income + Dividend income + Share of profit of entities accounted for using equity method) / Interest expense

8

Segment Information (Consolidated)
Millions of yen (rounded down)

FY2021*1

FY2022

FY2023-1Q

Commercial Property Business
760,658
777,424
190,857
Marunouchi Property Business*1
Residential Business
380,959
346,419
51,689International Business
121,234
176,130
32,154
Operating revenue Investment Management Business
46,70235,878
6,793
Architectural Design & Engineering Business and Real Estate Services Business
57,78060,774
15,554
Others
10,134
11,801
2,216
Eliminations or Corporate(27,979)(30,602)(6,800)Total
1,349,489
1,377,827
292,465
Commercial Property Business*1
189,909
188,852
45,919Marunouchi Property Business*1
Residential Business
30,17335,037(1,813)
International Business
55,816
89,4008,860
Operating profit Investment Management Business
26,5378,054
1,214
Architectural Design & Engineering Business and Real Estate Services Business
2,802
4,176
1,576
Others(1,683)(2,121)(683)
Eliminations or Corporate(24,578)(26,696)(6,672)
Total
278,977
296,70248,400Commercial Property Business*1
190,211
189,089
45,979*1
Marunouchi Property BusinessResidential Business
30,20435,059(1,811)
International Business
55,816
89,4008,860*2Investment Management Business
26,537
8,054
1,214
Business profit
Architectural Design & Engineering Business and Real Estate Services Business
2,802
4,176
1,576
Others(1,683)(2,121)(683)
Eliminations or Corporate(24,578)(26,696)(6,672)
Total
279,310
296,962
48,462
Commercial Property Business*3
73,31572,181*1
Marunouchi Property BusinessResidential Business
4,570
4,993
International Business
8,460
10,410Investment Management Business
1,681
1,837
Depreciation*3
Architectural Design & Engineering Business and Real Estate Services Business
894
981
Others147
147
Eliminations or Corporate
2,510
2,907
Total
91,581
93,45923,278Commercial Property Business*1
75
75
489
*1
Marunouchi Property BusinessResidential Business
358
358
89
International Business
67
217
0
Amortization of
Investment Management Business
1,665
2,140
238
goodwillArchitectural Design & Engineering Business and Real Estate Services Business
377
377
94
OthersEliminations or Corporate
Total
2,544
3,170
913
*3
Commercial Property Business
167,689
134,406
Marunouchi Property Business*1
Residential Business
51,99857,943
International Business
113,403
93,953
CapitalInvestment Management Business
938
334
investment*3
Architectural Design & Engineering Business and Real Estate Services Business
653
332
Others51
794
Eliminations or Corporate(5,620)(1,241)
Total
329,115
286,523
Commercial Property Business*1
4,393,742
4,273,287
4,434,331
Marunouchi Property Business*1
Residential Business
666,928
834,751
835,037
International Business
1,130,973
1,270,849
1,311,302
Total assets
Investment Management Business
108,984
112,590
112,201
Architectural Design & Engineering Business and Real Estate Services Business
57,75961,22558,347
Others25,352
27,59915,979Eliminations or Corporate
230,630
130,610
218,337
Total
6,493,917
6,871,959
6,944,948*1 From FY2024, the former Commercial Property Business group is split into the Commercial Property Business group and the Marunouchi Property Business group.
*2 Business profit: Operating profit + Share of profit of entities accounted for using equity method*3 Depreciation and Capital Investment for Commercial Property Business are shown before the segment split.
*4 Segment breakdown of Depreciation, total and segment breakdown of Capital Investment are only disclosed in 2Q and 4Q.

FY2023
499,138
381,027
398,827
173,770
30,96273,265
11,009(63,313)1,504,687
114,730
97,082
38,88851,448(1,619)9,021(1,577)(29,346)
278,627
115,020
97,08238,90251,448(1,619)9,021(1,577)(29,342)
278,935
74,621
5,842
11,665
1,872
900
160
3,238
98,301
12
1,946
358
3
1,014
377
3,712
218,40164,404
168,228
333
293
351
(610)
451,4022,045,822
2,441,724
908,475
1,612,125
146,782
69,031
18,841
340,945
7,583,748

FY2024-1Q
105,246
93,90889,271
26,9998,226
17,517
2,515(15,447)
328,239
21,64723,997
2,922
6,444
837
2,518
(658)
(5,911)
51,79821,74423,997
2,932
6,444
837
2,518
(658)
(5,911)
51,90624,128 *4
3
486
89
268
94
941
- *4
2,025,832
2,481,835
850,019
1,729,133
151,382
60,97019,657
365,9637,684,795

FY2024 (Forecasts)
519,000
382,000
392,000
245,000
39,00074,00012,000(67,000)
1,596,000
110,000
90,00040,00070,00013,0007,000(2,000)(28,000)
300,000
110,300
90,00040,00070,00013,0007,000(2,000)(28,000)
300,300-

101,000-

3,700-

572,000-

7,800,000

9Mitsubishi Estate Group Companies' Data
Millions of yen (rounded down)
Mitsubishi Estate Co., Ltd.
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Jisho Property Management Co., Ltd.*
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Number of management properties
Management area
Marunouchi Heat Supply Co., Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Sunshine City Corporation
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate・Simon Co., Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Store floor area

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

567,286
120,792523,275
94,201

162,863
49,691

612,296
132,593

158,525
49,072

128,934
93,612
5,079,089
53,442

107,856
67,4085,326,049
53,46079,287
66,994
5,423,828
13,443

153,483
146,108
5,742,398
54,34585,47875,281
5,785,147
13,043

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％95,773
5,570
5,528
3,781
95,086224
218
10,053,028 ㎡

100.00 ％105,060
6,167
6,144
4,207
103,521325
214
9,429,319 ㎡

FY2021

FY202265.59 ％
16,836
1,340
1,204
989
40,541
3,750

65.59 ％
19,262
1,781
1,723
1,095
39,242
3,564

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

63.20 ％
24,809
4,492
3,637
2,544
106,3225,760

63.20 ％
27,132
5,701
4,571
3,159
108,6315,641

63.20 ％
7,412
1,995
2,003
1,390
105,957
1,400

63.20 ％
30,225
8,017
7,690
5,323
113,549
5,667

63.20 ％
7,390
1,990
2,074
1,452
109,702
1,390

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

60.00 ％
44,177
16,78917,155
11,870124,609
6,188
345,500 ㎡

60.00 ％
51,06919,257
19,646
13,575
137,393
6,558
373,100 ㎡

60.00 ％
13,326
5,419
5,299
3,632
126,949
1,718-㎡

60.00 ％
57,37623,013
23,102
15,955
147,980
7,079
373,000 ㎡

60.00 ％
14,520
6,316
5,988
4,154
130,698
1,751-㎡

100.00 ％24,816
1,245
1,243
999
92,41671-㎡
FY2023-1Q
65.59 ％
4,171
325
258
176
37,897820

100.00 ％103,747
6,378
6,350
4,470
103,264293
210
9,481,183 ㎡
FY202365.59 ％
18,543
1,846
1,724
1,144
37,8603,303

100.00 ％23,874
1,095
1,108
858
94,51258-㎡
FY2024-1Q
65.59 ％
4,075
266
96
65
37,385774* As of April 1, 2021, Mitsubishi Jisho Retail Management was merged into Mitsubishi Jisho Property Management thus calculated figures after FY2021 includes figures of Mitsubishi Jisho Retail Management.

10Tokyo Ryutsu Center Inc.
FY2021
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate Hotels & Resorts Co., Ltd.*
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate Residence Co., Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate Home Co., Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Jisho Community Co., Ltd.
Share of voting rights

FY2022

FY2023-1Q

FY2023

FY2024-1Q

60.42 ％

60.47 ％

60.47 ％

64.72 ％

70.16 ％

7,811
1,770
1,653
(810)
60,117
1,930

8,350
1,958
1,765
1,237
60,005
1,765

2,034
409
354
262
59,191
430

9,034
1,670
1,550
1,069
72,286
2,447

2,569
597
534
367
71,665730

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％14,464(6,700)(5,822)302
14,7991,169

100.00 ％31,857
(688)
(324)
(337)
15,6401,224

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％264,647
32,63530,82520,364
645,7222,998

100.00 ％221,100
34,47932,41821,860799,7103,205

100.00 ％25,837
(439)
(944)
(516)
807,256899

100.00 ％273,141
40,35338,15819,912867,260
4,030

100.00 ％65,277
4,920
4,284
2,905
811,6111,090

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％33,493
210
213
187
11,016354

100.00 ％33,661
(707)
(768)
(854)
10,660391

FY2021

FY202271.47 ％

100.00 ％10,378409
425
420
15,997297

100.00 ％
5,112
(668)
(668)
(668)
8,725
86
FY2023-1Q

71.47 ％

71.47 ％

100.00 ％45,245
2,113
2,212
2,041
19,7301,484

100.00 ％33,090
(21)
(21)
(518)
8,785
346
FY202371.47 ％

100.00 ％13,482784
781
496
20,048394

100.00 ％
4,982
(742)
(742)
(745)
6,737
67
FY2024-1Q
71.47 ％

Operating revenue
57,34258,354
13,57660,915
14,264
Operating profit
3,713
3,945
409
3,966
717
Ordinary profit
3,790
4,032
451
3,910
772
Net income
2,476
2,639
278
2,493
578
Total assets
22,901
24,453
22,11626,034
23,464
Depreciation
371
332
88
350
79
Number of condominium management units
345,327 units
344,867 units- units
349,446 units- units* As of April 1, 2022, Royal Park Hotel's management business was transferred to Royal Park Hotels and Resorts thus calculated figures after FY2022 includes figures of Royal Park Hotel.
* Royal Park Hotels & Resorts Co., Ltd. changed its name to Mitsubishi Estate Hotels & Resorts Co., Ltd. on January 1, 2024.

11

MEC Group International, Inc.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate Europe Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Estate Asia Pte. Ltd.
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Jisho Design Inc.*
Share of voting rights
Operating revenue
Operating profit
Ordinary profit
Net income
Total assets
Depreciation
Mitsubishi Real Estate Services Co., Ltd.
Share of voting rights

FY2021

FY2022100.00 ％127,440
61,692100.00 ％142,972
58,658100.00 ％32,666
11,610100.00 ％142,383
45,838100.00 ％22,394
3,856

59,62525,636592,915
6,535

54,82033,606
720,529
8,506

10,353
4,741
737,050
1,959

40,122
34,641
872,887
8,689

1,753
(494)
952,5172,499

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％4,028
786(6,340)(2,824)
255,840
1,374

100.00 ％47,851
41,786
38,56031,931
282,5711,627

100.00 ％
1,783
569
(835)
(669)
301,421525

100.00 ％36,943
3,364(4,896)(5,913)354,877
3,668

100.00 ％2,010
233(2,234)(1,867)376,155
565

FY2021

FY2022

FY2023-1Q

FY2023

FY2024-1Q

100.00 ％
2,824
200
347
59
43,105299

100.00 ％3,224(1,201)(1,035)(837)
56,847377

FY2021

FY2022100.00 ％19,922
2,816
2,844
1,945
27,273326

100.00 ％20,350
2,640
2,683
1,927
28,478324

FY2021

FY2022100.00 ％100.00 ％Operating revenue
24,82026,842
Operating profit
1,554
2,675
Ordinary profit
1,672
2,763
Net income
1,104
1,889
Total assets
24,977
26,968Depreciation
348
367
Amount of transaction
273,926
355,950
Number of brokerage
1,118
1,197
Number of parking management
58,41861,004* Mitsubishi Jisho Sekkei Inc. changed its English name to Mitsubishi Jisho Design Inc. on April 1, 2022.

FY2023-1Q

100.00 ％761(1,016)(1,199)(1,204)
48,60864
FY2023-1Q
100.00 ％
3,900
54
59
26
26,06750
FY2023-1Q

FY2023100.00 ％3,882(1,345)(1,160)(1,051)
48,331446
FY2023100.00 ％24,942
3,645
3,217
2,352
31,363208
FY2023

FY2024-1Q

100.00 ％
890
(387)
(451)
(405)
49,38175
FY2024-1Q
100.00 ％
4,752
484
491
323
27,78968
FY2024-1Q

100.00 ％100.00 ％100.00 ％

7,844
1,560
1,563
1,073
27,12782-

32,584
6,380
6,468
4,663
30,486336
494,719
1,403
62,254

8,494
1,866
1,877
1,295
26,79584-

12