• Operating income expands on strength of high occupancy rates and high unit prices for offices and housing, increased real estate sales, consignment income from redevelopment business, and completion of Toranomon Hills Business Tower. Ordinary income reaches record high for second consecutive year.
  • Forecasts for new fiscal year released on tentative basis due to uncertainties regarding COVID-19.

Tokyo, May 20, 2020 - Mori Building, Japan's leading urban landscape developer, announced its financial results for fiscal 2020, which ended in March 2020, as follows:

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Mori Building also announced its tentative consolidated forecast for the new fiscal year ending in March 2021. Due to uncertainties regarding the duration of the COVID-19 pandemic, the company determined that there is no solid basis for preparing a fixed initial forecast. For the time being, Mori Building is issuing the following tentative consolidated forecast based on its best-effort estimation and calculation of possible results. Actual results may change depending on the evolving situation regarding COVID-19.

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Consolidated results are based on information available on the day of the 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.

Please refer to the PDF file for more information.