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NTT Urban Development Group Medium-Term Management Plan 2010

November 1, 2007

NTT Urban Development set the targets for its medium-term management plan Change & Proceed to 2007 (C&P07) to be achieved in FY2007. Although the current fiscal year was scheduled to be the final year of the plan, the company achieved its targets one year early, in FY2006.
Based on these conditions, we have formulated a new medium-term management plan covering FY2008 to FY2010, for the continuing growth and development of our core businesses, founded on our already established fundamentals for growth. During this period, we will also challenge to open up new growing business areas, to aim for further increase in corporate value.

1．Business Strategies

  1. IFurther development of Leasing and Residential Property Sales businesses as core businesses
  2. IIExploit new growing businesses areas
  3. IIIReinforce managerial platform for sustainable long-term growth

2．Principal Initiatives

  1. IFurther development of Leasing and Residential Property Sales businesses as core businesses
    1. Strengthen development expertise
      • Initiatives to Strengthen development expertise
        Diversify development methods, expand areal development and diversify asset classes, to strengthen development expertise and target the sustainable growth of core businesses.
      • Ongoing projects
        Continuing projects in the Tokyo metropolitan area, Kansai area, and in major urban areas nationwide while diversifying development activities, from large-scale developments to hotels and rental condominiums.
    2. Enhance profitability
      • Leasing business
        Promote capital investments for renovations and boost revenues through strategic negotiation for rent increases and improvement of marketing towards tenants.
      • Residential property sales business
        Promote high-quality “Wellith” condominiums through values added features such as the installation of advanced info-communication technologies through the NTT Group. Also strengthen the after-sale service structure, and seek to raise revenue in the residential property sales business by selling properties to investors
    3. Collaborate with NTT Group companies
      • Acquire development projects by utilizing the NTT Group network
      • Develop real estates owned by NTT Group companies
  2. IIExploit new growing businesses areas
    • Promote the use of funds and asset solutions
      Employ fund schemes aggressively and establish asset solutions business
    • Expanding other existing businesses
      Expand business for building service companies and dining group companies.
    • Expand new business
      Consider the use of M&A and alliances, particularly in real estate related fields.
    • Promote international business
      Extend core businesses towards the Asian and other overseas markets
  3. IIIReinforce managerial platform for sustainable long-term growth
    • Solidify business foundation
      Ensure managerial transparency and strengthen internal control, set up CSR structure, and enhance competitive human resources
    • Financial strategies beneficial to corporate value
      Maintain financial soundness and ensure shareholder-oriented management

3．Financial Targets for FY2010

Net sales
¥180.0 billion
Operating income
¥36.0 billion
Ordinary income
¥30.5 billion
Operating income ratio
20.0%

NTT Urban Development Group Medium-term Management Plan 2010PDF