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Notice of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2013

August 3, 2012

NTT Urban Development Corporation
(First Section of the Tokyo Stock Exchange: 8933)

NTT Urban Development Corporation (head office: Chiyoda-ku, Tokyo, President and Chief Executive Officer: Masaki Mitsumura) announced the consolidated financial results for the NTT Urban Development Group (the Group) for the first quarter (from April 1, 2012 to June 30, 2012) of the fiscal year ending March 31, 2013 (referring the 28th business period).　Please refer to Presentation Material for the 1st Quarter of FY 2012 and Summary of Financial Statements for the 1st Quarter of FY 2012.

Highlights

  • In the first quarter of the fiscal year ending March 31, 2013, consolidated operating revenue reached ¥41.4 billion, an increase of ¥13.2 billion year on year. Operating income was ¥10.3 billion, rising ¥4.1 billion, and ordinary income was ¥9.1 billion, increasing ¥4.3 billion. Net income stood at ¥5.9 billion, an increase of ¥3.2 billion. Results were mostly on a par with the forecasts.
  • In the Leasing Business segment, operating revenue reached ¥26.5 billion, rising ¥3.9 billion year on year, and operating income stood at ¥10.3 billion, an increase of ¥2.9 billion, with a fall in rent income from existing properties more than offset by income including rent income from new properties, and sales and penalty income from office buildings in London, United Kingdom.
  • In the Residential Property Sales Business segment, operating revenue amounted to ¥11.0 billion, an increase of ¥8.3 billion year on year, and operating income was ¥1.0 billion, an increase of ¥0.9 billion, primarily reflecting a rise in the number of condominiums delivered and other factors.

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