Notice of Financial Results for the Fiscal Year Ended March 31, 2009 and Forecast for the Fiscal Year Ending March 31, 2010

• In the fiscal year ended March 31, 2009, consolidated net sales reached \144.2 billion, up 4.4% or an increase of \6.0 billion yen from the preceding year, primarily reflecting higher sales in the Leasing Business segment. Operating income was \25.2 billion, down 12.1% or a decrease of \3.4 billion, and ordinary income was \19.5 billion, down 25.5% or a decline of \6.6 billion, reflecting the impact of the sluggish residential property market. However, with the recording of a gain on sales of fixed assets in extraordinary income, net income stood at \15.9 billion, up 8.3% or an increase of \1.2 billion.
• In the Leasing Business segment, net sales reached \99.9 billion, up 11.1% or a rise of \10.0 billion from the preceding year, and operating income stood at \35.5 billion, up 36.6%, or an increase of \9.5 billion. Key factors included the higher occupancy of new properties and the inclusion of UDX TMK in consolidated subsidiaries.
• In the Residential Property Sales Business segment, net sales stood at \32.6 billion, down 14.9% or a decline of \5.7 billion from the preceding year. Meanwhile, the operating loss was \6.0 billion compared with operating income of \6.5 billion for the preceding year. These results primarily reflected lower sales of condominiums and a loss on the revaluation of inventory.
• The Company recorded extraordinary income of \12.0 billion from a gain on sales of fixed assets as a result of asset restructuring.
• For the fiscal year ending March 31, 2010, despite the severe business environment that is expected, the Company forecasts higher sales and income with consolidated net sales of \151.0 billion, up 4.7% or a rise of \6.7 billion from the preceding year; operating income of \28.5 billion, up 12.9% or an increase of \3.2 billion; ordinary income of \21.5 billion, up 10.2% or a rise of \1.9 billion; and net income of \12.0 billion, down 25.0% or a decline of \3.9 billion.
• NTT Urban Development Group will continue to closely monitor changes in the management environment in the future, and will strive to bolster its corporate value by maintaining and strengthening a steady growth foundation.

< Inquiries >
Investor Relations: Accounting and Finance Department
+81-3-6811-6424
Public Relations: General Affairs Department
+81-3-6811-6241