Skip to Content

Font Size

Notice of Financial Results for the First Half of the Fiscal Year Ending March 31, 2011

Last updated：November 8, 2016

Share
Print

NTT Urban Development Corporation
(First Section of the Tokyo Stock Exchange: 8933)

NTT Urban Development Corporation (head office: Chiyoda-ku, Tokyo, President: Masaki Mitsumura) announced the consolidated financial results for the NTT Urban Development Group (the Group) for the first half (from April 1, 2010 to September 30, 2010) of the fiscal year ending March 31, 2011 (referring the 26th business period.)　Please refer to the Overview of the First Half of the Fiscal Year Ending March 31, 2011.

Highlights

  • In the first half of the fiscal year ending March 31, 2011, consolidated net sales amounted to ¥72.0 billion (up ¥4.4 billion year on year), operating income was ¥14.3 billion (up ¥10.5 billion), ordinary income was ¥11.5 billion (up ¥10.7 billion), and net income was ¥6.0 billion (a net loss of ¥6.1 billion for the same period of the previous fiscal year). The results were mostly on a par with the forecast.
  • In the leasing business, net sales stood at ¥46.5 billion yen (down ¥3.1 billion year on year), and operating income was ¥15.4 billion yen (down ¥1.2 billion), with a rise in rent income reflecting the operation of new properties such as Otemachi 1-Chome Urban Area Redevelopment Project Type 1 more than offset by falls in rents of existing properties and the effect of the sale of properties in the previous fiscal year.
  • In the residential property sales business, net sales came to ¥19.8 billion (up ¥6.3 billion year on year), and operating income was ¥1.5 billion (an operating loss of ¥10.7 billion for the year-ago period), reflecting an increase in the number of condominiums delivered and the sale of land and a condominium building.

Links