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Notice of Financial Results for the FY 2015 and Forecast for the FY 2016

May 11, 2016

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 FY 2015 (referring to the 31th business period from April 1, 2015 to March 31, 2016). Please refer to the Presentation Material for the FY 2015 and Forecast for the FY 2016(3.32MB) and the Summary of Financial Statements for the FY 2015(538KB).

Highlights

  • For the FY 2015 operating revenue reached ¥183.0 billion, an increase of ¥30.9 billion compared with the previous fiscal year. Operating income was ¥37.7 billion, an increase of ¥12.9 billion. Ordinary income was ¥33.8 billion, an increase of ¥13.4 billion. Profit attributable to owners of parent* was ¥16.5 billion, an increase of ¥0.3 billion.
    Compared with the full-year operating forecasts for the FY 2015, operating revenue, operating income, ordinary income, and profit attributable to owners of parent were all higher than forecast.
  • About Leasing Business, operating revenue was ¥120.9 billion, an increase of ¥29.2 billion year-on-year. Operating income was ¥36.7 billion, an increase of ¥13.1 billion, thanks to an expansion in revenues of existing and new properties and from sales of properties.
  • In Residential Business, operating revenue was ¥48.8 billion, an increase of ¥2.2 billion compared with the previous fiscal year, and operating income was ¥5.0 billion, an increase of ¥0.6 billion, due to deliveries of Central Tokyo properties with high unit prices and profit margin.

* The Company have adopted “Revised Accounting Standard for Business Combination”, etc. and changed some account titles from the FY 2015 accordingly.

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