Millions of Yen
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| Year Ended Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 1. Office Buildings Revenue |
389,811 | 369,256 | 20,555 |
| 2. Retail Facilities Revenue |
226,218 | 208,841 | 17,376 |
| 3. Other Revenue |
52,137 | 44,975 | 7,162 |
| Total Revenue Operating Income |
668,167 129,983 |
623,073 120,777 |
45,094 9,206 |
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| As of Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Office Buildings Leased Floor Space (1,000m2) Owned Managed |
1,894 1,502 |
1,955 1,438 |
(61) 64 |
| Retail Facilities Leased Floor Space (1,000m2) Owned Managed |
1,758 634 |
1,825 533 |
(67) 101 |
| Total (1,000m2) | 5,788 | 5,751 | 37 |
| Vacancy Rate (%)* | 3.0 | 2.9 | 0.1pt |
※ Office Buildings and Retail Facilities (Consolidated)
The Mitsui Fudosan Group leases its own property holdings and subleases office buildings on behalf of clients, both in Japan and overseas.
In our office building business, we continue to create "Mitsui Office" that can bring "Sustainability and Safety," "Comfort and Efficiency," and "Expansion and Innovation" to every individual and company working there, without being confined by the existing concept of "office buildings" under the slogan of "Next-Generation Offices." We provide the platform for everyone who visits our office buildings, all the tenant companies and the local community to meet each other and make connections, thus adding new value that is varied and innovative which allows us to grow together.
The Group develops shopping centers around Japan based on a diversity of innovative concepts. Notable among these is Mitsui Shopping Park LaLaport Tokyo Bay (Funabashi, Chiba), one of the largest shopping centers in Japan. We have also developed outlet malls as well as urban center-style malls.
Mitsui Fudosan Group's shopping centers
Millions of Yen
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| Year Ended Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Property Sales to Individuals (Domestic) Revenue Operating Income |
245,155 24,028 |
325,364 40,003 |
(80,209) (15,975) |
| Property Sales to Investors and Individuals (Overseas), etc Revenue Operating Income |
398,696 114,315 |
389,374 78,209 |
9,322 36,105 |
| Total Revenue Operating Income |
643,851 138,343 |
714,739 118,213 |
(70,887) 20,129 |
The Company sells between condominiums and detached houses mainly in domestically and overseas. Our properties feature the highest quality, thanks to meticulous quality control measures, as well as innovative concepts that give the owners a feeling of warmth and pride. Our policy is to deliver products that leave a lasting, positive impression on our customers.
The Group develops and sells various business-use properties, such as office buildings, retail properties, rental condominiums, and hotels to a range of investors, including Japanese real estate investment trusts (J-REITs) and private funds.
Millions of Yen
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| Year Ended Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Property Management Revenue Operating Income |
321,572 31,296 |
309,099 21,888 |
12,473 9,407 |
| Brokerage, Asset Management, etc. Revenue Operating Income |
107,777 25,909 |
93,829 18,081 |
13,948 7,828 |
| Total Revenue Operating Income |
429,350 57,205 |
402,929 39,969 |
26,421 17,235 |
The Group provides property management and tenant improvement services on a consignment basis covering a variety of properties, including office buildings and retail properties. It also engages in comprehensive car parking services, provided under the Mitsui Repark brand.
The Group’s brokerage business for individual customers covers existing residential properties under the Mitsui Rehouse name, the nation’s No. 1 residential brokerage service brand. We also act as broker for business-use properties for corporate clients and others. In the asset management business, we deploy the specialist real estate-related knowledge, expertise, and network of the Mitsui Fudosan Group to offer exceptional investment opportunities and reliable asset management services to J-REITs, private funds, and other investors.
Millions of Yen
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| Year Ended Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| New Construction under Consignment |
158,307 | 147,222 | 11,085 |
| Facility Operations | 46,803 | 32,736 | 14,066 |
| Tokyo Dome* | 59,388 | - | 59,388 |
| Other | 95,000 | 86,854 | 8,146 |
| Total | 359,499 | 266,812 | 92,686 |
※ In the first quarter of the fiscal year ending March 2022,we established the "Tokyo Dome" subsegment.
Millions of Yen
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| Year Ended Mar. 31 | Change | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Revenue from New Construction under Consignment Orders Receive |
139,797 | 129,875 | 9,922 |
As Japan’s leading builder of two-by-four houses, Mitsui Home uses its advanced technologies and consulting expertise to make top-quality, well-designed houses conducive to long-term living.
The Mitsui Fudosan Group operates the Mitsui Garden Hotels, THE CELESTINE HOTELS, Sequence, luxury hotels, and resort hotels in Japan, as well as the Halekulani Hotel and Waikiki Park Hotel in Hawaii. The Group also operates a number of golf clubs in Japan.
The Mitsui Fudosan Group engages in stadium and arena business mainly in Tokyo Dome City.
The Mitsui Fudosan Group engages in Mega-solar businesses, and Mitsui Fudosan Reform provides renovation services for condominiums and detached housing.