• In the first half of the current 2023 fiscal year, both existing office and residential properties maintained high occupancy rates and high unit prices, but sales and profits both declined year on year, prior to the launch of additional residential sales scheduled in the second half.
  • The full-year forecast progressed as projected at the beginning of the fiscal year, with operating revenue, operating income and ordinary income expected to reach record highs due to increased revenues from the opening of Azabudai Hills and Toranomon Hills Station Tower, including sales of new residential units at Azabudai Hills.

Tokyo, November 28, 2023 - Mori Building, Japan's leading urban landscape developer, announced today its financial results for the first six months (April to September) of the 2023 fiscal year (ending March 2024), as follows:

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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.

Please refer to the PDF file for more information. Interim Financial Report for Fiscal Year Ending March 2024 (FY2023) Material for Investors