February 2, 2017
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 3rd quarter of FY 2016 (referring to the 32nd business period from April 1, 2016 to December 31, 2016). Please refer to the Financial Results for the 3rd Quarter of FY 2016 and the Summary of Financial Statements for the 3rd Quarter of FY 2016.
- For the 3rd quarter of FY 2016 operating revenue reached ¥118.2 billion, an increase of ¥12.5 billion compared with the same period of the previous fiscal year. Operating income was ¥21.7 billion, an increase of ¥3.8 billion, ordinary income was ¥19.6 billion, an increase of ¥4.3 billion, and profit attributable to owners of parent was ¥12.7 billion, an increase of ¥4.8 billion.Results were mostly in line with the full-year forecasts in terms of progress.
- Regarding Offices/Retail Business, thanks to an expansion in revenues from new buildings, improvement in income from Shinagawa Season Terrace and other buildings, and expand of sales of properties, operating revenue was ¥67.5 billion, an increase of ¥1.3 billion year-on-year. Operating income was ¥22.6 billion, an increase of ¥6.3 billion.
- In Residential Business, mainly reflected an increase in sales by share-outs for the purpose of risk diversification and a decline in the number of units delivered, operating revenue was ¥39.2 billion, an increase of ¥8.0 billion compared with the previous fiscal year, operating income was ¥2.5 billion, a decrease of ¥2.3 billion.