Q2 2020 Mitsui Fudosan Co Ltd Earnings Net Conference Transcript

Nov 07, 2019 / 10:00AM GMT
Atsuro Uchida - Mitsui Fudosan Co., Ltd. - Executive Manager of IR Department

[Interpreted] Good afternoon, everyone. I am Uchida, Executive Manager of the Investor Relations Department. I will present Mitsui Fudosan's Second Quarter Fiscal 2019 Results. I will discuss the results in more detail later, but in summary, both revenues and profits rose year-on-year, mainly driven by profits from our core Leasing segment. Second quarter Leasing segment revenues and profits grew year-on-year supported by full year contributions from large-scale office properties and retail facilities completed in the previous fiscal year. The Management segment also reported year-on-year increases in revenues and profits owing to solid growth at the retail brokerage and Car Park Leasing businesses. The Property Sales segment posted higher revenues and profits as well.

Although I will discuss segment results in more detail later, revenues and profits in the domestic residential business were up year-on-year, bolstered by handovers for a number of large-scale central urban condominium projects in second quarter. Revenues

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