Mitsubishi Estate Company, Limited is a Japan-based real estate company engaged in nine business segments. The Building segment is engaged in the development, leasing, operation and management of buildings, the operation of parking lots, as well as the heat supply business. The Housing segment is engaged in the construction, sale and management of mansions and housing, the development of new towns, as well as the operation of golf courses. The Asset Development segment operates profit-earning real estate and manages assets. The Overseas segment is engaged in the overseas real estate business, such as the development, management and operation of office buildings. The Design and Supervision segment is engaged in the design and supervision of construction and civil works. The Customized Housing segment offers customized housing. The Hotel segment operates hotels. The Others segment include the operation of recreation facilities, and other businesses.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2009, Mitsubishi Estate Company, Limited.'s revenues decreased 1% to Y429.92B. The Company's net income decreased 11% to Y19.92B. Revenues reflect lower sales from assets development, overseas business, hotel and other segments. Net income also suffers from higher percentage of cost of sales and SG&A expenses, the absence of Y6.36B gain on sale of affiliated securities and lower interest income.