Tokyo, November 26, 2019 - Mori Building, a leading urban landscape developer, announced today its financial results for the first six months (April to September) of fiscal 2019 ending March 2020, as follows:
The highlights are as follows:
- All business segments met their initial first-half forecasts. Although total revenue declined due to putting fewer properties on the market compared to the previous year, revenue and income for the full year are forecasted to increase.
- Revenue from office and residence leases trended well on high occupancy rates and unit prices.
- Three facilities - Mori Art Museum, MORI Building DIGITAL ART MUSEUM: teamLab Borderless, and Tokyo City View - contributed to revenue by attracting large numbers of visitors.
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.