Notice of Development of NTT Urban Development Group Medium-Term Management Plan 2012
Last updated：May 12, 2010
NTT Urban Development Corporation
(First Section of the Tokyo Stock Exchange: 8933)
The NTT Urban Development Group has sought to achieve sustainable growth by implementing an action plan included in business strategies based on its medium-term management plan for three years from FY2008 to FY2010.
However, although FY2010 is the final year of the existing medium-term management plan, with the business environment surrounding the Group still uncertain in a business downturn that is worse than expected, the Group has developed a new medium-term management plan for three years starting FY2010 to promptly respond to changes in the external environment.
1．Medium-term management plan
To achieve stable profits in challenging circumstances and cultivate growth possibilities, we will do the following:
- (1)Restructure the business base
- (2)Pursue growth in consideration of financial soundness
2．Initiatives
- (1)Restructuring the business base
- Building a strong revenue base in the leasing business
- Improve the profitability of existing properties
- Promote investment using development expertise
- Generate stable profits in the residential property sales business
- Establish the WELLITH brand
- Enhance profitability行
- Building a strong revenue base in the leasing business
- (2)Pursuing growth in consideration of financial soundness
- Applying the expertise developed in core businesses to new fields
- The development and sale of property business, real-estate fund business, commercial business, international business, and solution business
- Establishing managerial platform for growth
- Enhance corporate governance; promote CSR
- Bolster management resources
- Ensure shareholder-oriented management
- Applying the expertise developed in core businesses to new fields
3．Financial targets for FY2012n
Operating income: 26.0 billion yen (Operating income in FY2009: 16.1 billion yen)
Net debt-to-equity ratio* The 2.3times level (Ratio in FY2009: 2.55times)
*Net debt-to-equity ratio =(Interest-bearing debt ? cash and cash equivalents ? time deposits whose deposit
terms exceed three months)/ Net assets
For further information on the medium-term management plan, please refer to the attachment “NTT Urban Development Group Medium-Term Management Plan 2012.”
