Tokyo, November 21, 2018 - Mori Building, a leading urban landscape developer, announced today its financial results for the first six months (April to September) of fiscal 2018 ending March 2019, as follows:
The highlights are as follow:
- Revenue from office leases trended well on record 99% occupancy rate and high unit prices; residence and hotel revenues were also strong.
- Mori Art Museum and "Mori Building DIGITAL ART MUSEUM: teamLab Borderless" attracted large numbers of visitors.
- Overall revenue and income decreased due to fewer residential units being placed on the market compared to the previous year, and descreased revenue from construction performed for tenant move-ins.
- All business segments met their initial forecasts. Forecasts for the full year remain unchanged.
Consolidated results are based on information available on the day of this announcement, as analyzed by Mori Building. Forecasts are subject to inherent risks and uncertainty, so actual results may differ due to changes in various factors.