mitsui fudosan co ltd (8801) Snapshot

Stanhope plc and Mitsui Fudosan Co. Ltd. (TSE:8801) bid has emerged as the frontrunner to buy Angel Court Tower, EC2 from Teachers Insurance and Annuity Association College Retirement Equities Fund for £65 million. There is still uncertainty for the transaction as Teachers Insurance keen to secure a guarantee before formally agreeing terms. CBRE is acting for Teachers Insurance.

Mitsui Fudosan Co. Ltd., 2012 Earnings Call, May 20, 2013

Mitsui Fudosan Co. Ltd. reported consolidated earnings results for the year ended March 31, 2013. Fro the year, the company reported revenue from operations of ¥1,445,644 million compared to ¥1,338,102 million, operating income of ¥148,184 million compared to ¥126,038 million, ordinary income of ¥123,066 million compared to ¥102,509 million and net income of ¥59,451 million or ¥67.65 per diluted share compared to ¥50,129 million or ¥57.04 per diluted share in last year. Net assets per share as on March 31, 2013 were ¥1,344.93 compared to ¥1,227.54 per share as on March 31, 2012. Cash flows from operating activities were ¥99,684 million compared to ¥148,161 in last year. The company announced dividend of ¥11.00 per share compared to ¥11.00 per share in last year, payable on June 28, 2013. The company provided dividend guidance of ¥11.00 per share for the second quarter and ¥11.00 per share for the year end March 31, 2014. The company provided earnings guidance for the year ending March 31, 2014. For the year, the company expects net sales of ¥1,530,000 million, operating income of ¥160,000 million, ordinary income of ¥132,000 million and net income of ¥65,000 million or ¥74.01 per share.