Skip to Content

Font Size

Notice of Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2008

Last updated：August 13, 2007

Share
Print

NTT Urban Development Corporation hereby announces the consolidated financial results for the NTT Urban Development Group for the first quarter of the fiscal year ending March 31, 2008 (the quarter from April 1, 2008, to June 30, 2008), its 23rd fiscal period.

Highlights

  • During the three months ended June 30, 2007, the NTT Urban Development posted consolidated net sales of ¥28,290 million (up 6.5% from the corresponding period of the preceding fiscal year). Operating income came to ¥5,692 million (up 1.6%), recurring income was ¥5,246 million (up 0.2%), and net income totaled ¥3,044 million (down 0.9%).The Group's outlook for the full fiscal year remains firmly on track, in line with its forecasts.
  • In the leasing segment, net sales grew to ¥21,785 million (up 4.8%), and operating income was ¥6,316 million (up 5.0%), owing to revised rents and increased income from fund operations.
  • In the residential property sales segment, net sales totaled ¥4,685 million (up 40.9%), owing to increased subdivided land sales and the transfer of land to companies collaborating with NTT Urban Development in the condominium business. Owing to the concentration of condominium sales in the second half of the fiscal year, however, first quarter operating income amounted to ¥276 million (down 23.1%).