Font Size

Notice of Financial Results for the Nine Months of the Fiscal Year Ending March 2015

February 4, 2015

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: Sadao Maki) announced the consolidated financial results for the NTT Urban Development Group for the nine months of the Fiscal Year Ending March 31, 2015 (referring to the 30th business period from April 1, 2014 to December 31, 2014). Please refer to Presentation Material for the 3rd Quarter of FY 2014 and the Summary of Financial Statements for the 3rd Quarter of FY 2014

Highlights

  • For the nine months of the fiscal year ending March 31, 2015, operating revenue reached ¥101.2 billion, a decrease of ¥29.0 billion compared with the same period of the previous fiscal year. Operating income was ¥17.3 billion, a decrease of ¥8.6 billion, and ordinary income was ¥13.9 billion, a decline of ¥7.5 billion. Net income stood at ¥8.6 billion, a decrease of ¥9.1 billion.
    Results were almost in line with the forecasts.
  • In the Leasing Business, operating revenue reached ¥64.6 billion, falling ¥10.5 billion compared with the same period of the previous fiscal year, and operating income stood at ¥17.0 billion, a decrease of ¥6.3 billion, mainly reflecting a decrease of revenue and income from sales of properties.
  • In the Residential Property Sales Business, operating revenue amounted to ¥27.8 billion, a decrease of ¥17.7 billion compared with the same period of the previous fiscal year, and operating income was ¥3.0 billion, a decrease of ¥2.7 billion, primarily reflecting a decrease in the number of condominiums delivered, a falling in the average sales price, and other factors.

Links