May 11, 2016

Summary of Consolidated Financial Statements for FY2016(the Fiscal Year Ended on March 31, 2016)＜under Japanese GAAP＞
Company Name:

Mitsubishi Estate Co., Ltd.

Listed Stock Exchanges: Tokyo, Nagoya

Securities Code:
Representative:

8802
Hirotaka Sugiyama, President & CEO
Masato Kawasaki, General Manager of theCorporate Communications Department

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

Inquiries:

TEL: +81-3-3287-5200

Annual General Meeting ofJune 29, 2016
Shareholders (Planned):
Filing of Securities Report
June 29, 2016
(Planned):
Supplementary documents on financial results : Yes ( FACT BOOK )Investors’ meeting : Yes ( in Japanese )Date for Payment of Dividends (Planned): June 30, 2016

*Figures are rounded down to the nearest million.
1. Consolidated 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 thepercentage changes from the previous fiscal year.
(1) Consolidated Results
Income before Taxes
Profit AttributableRevenue from Operations
Operating Incomeand Special Itemsto Owners of Parent
Millions of yen

FY2016
1,009,408
FY2015
1,110,259
Note: Comprehensive Income:
FY2016%

Millions of yen%

Millions of yen%

Millions of yen%

(9.1)
3.3

166,199
156,332

6.3(3.1)

144,851
133,1138.8(4.7)

83,42673,33813.8
14.1¥51,633 million ((75.0) %)FY2015EPS

Diluted EPS

ROE

Yen
Yen
FY201660.13
60.12
FY201552.85
52.84(Reference) Equity in Earnings of unconsolidated subsidiaries and affiliates:
FY2016¥605 million(2)

Consolidated Financial Position
Total Assets(3)

5,311,840
4,901,526
Mar. 31, 2016
¥1,509,680 million

Consolidated Cash Flows
Cash Flows
from Operating Activities

Operating Incometo Revenue fromOperations

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

FY2015Net Assets

Millions of yen

Mar. 31, 2016
Mar. 31, 2015
(Reference) Total Equity

%
5.6
5.2

¥206,650 million (76.9 %)

%
16.5
14.1

¥1,372 million

Total Equity to Total Assets

Net Assets per Share

Millions of yen%

1,659,180
1,640,163

28.4
30.5
¥1,495,838 million

Mar. 31, 2015

Cash Flows
from Investing Activities

Cash Flows
from Financing Activities

Yen

1,088.111,078.11

Cash and Cash Equivalents
at the End of the Period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

135,821200,078(231,003)(46,568)

309,237(189,109)

412,392
198,489

FY2016FY2015

2. Dividends* In FY2016, interim dividends were ¥7 yen per share. However, upon balancing the accounts, profit attributable to owners of parent had considerablyincreased compared with FY2015 with the year-end dividend scheduled to be increased by ¥2, up to ¥9 per share (annual dividend payout is ¥16 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 setat ¥8 and annual dividend payout will be ¥16 per share for FY2017.
Dividends per ShareFY2015FY2016FY2017(Planned)

1Q

2Q

3Q

4Q

Annual

Yen－－

Yen
6.00
7.00

Yen－－

Yen
8.00
9.00

Yen
14.00
16.00

－

8.00

－

8.00

16.00

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Cash Dividends Paid

Dividend Payout(Annual)Ratio (Consolidated)

Millions of yen
19,42522,199

%
26.5
26.6
25.7

Cash Dividends toNet Assets(Consolidated)%
1.4
1.5

3. Forecast of Consolidated Financial Results for FY2017 (April 1, 2016 — March 31, 2017)* 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.
Income before Taxes
Profit Attributable toRevenue from Operations
Operating IncomeEPSand Special Items
Owners of Parent
Millions of yen

Full Fiscal Year%

1,102,000

Millions of yen

9.2%

175,000

Millions of yen

5.3%

150,000

Millions of yen

3.6%

86,000Yen3.1

61.98

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: Tokumei Kumiai(TK) Otemachi Dai-3 Investment
Exclusion: (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: Yes*

4)

Retrospective restatement: No*The following adjustment has been made in line with revisions
Provision for environmental measures (¥5,068 million) recorded in extraordinary loss for FY2016 is the estimated amount regarding the handling and disposal of polychlorinated biphenyl(PCB).

(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, 2016

1,390,397,097 sharesMar. 31, 2016

2,957,749 sharesMar. 31, 2016

1,387,463,731 sharesMar. 31, 2015

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

2,927,192 sharesMar. 31, 2015

1,387,562,495 shares(Reference) Non-Consolidated Results
１．Non-Consolidated Results for FY2016 (April 1, 2015– March 31, 2016)* 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 Income

and Special Items

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2016

380,951(8.1)

75,925(2.1)

67,770(15.2)

43,418(15.4)FY2015

414,683

2.3

77,564

8.8

79,875

20.7

51,347363.3

EPS

Diluted EPS
YenYenFY2016

31.29

31.29

FY2015

37.01

37.00

(2) Non-Consolidated Financial Position
Total Assets

Net Assets

Total Equity to Total Assets

Net Assets per Share

Millions of yen

Millions of yen%

Yen

Mar. 31, 2016

4,486,547

1,289,785

28.7

929.23Mar. 31, 2015

4,067,775

1,289,833

31.7

929.27(Reference) Total Equity

Mar. 31, 2016

¥1,289,256 million

Mar. 31, 2015

¥1,289,332 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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