Mori Building Announces First Half Earnings for 2025 Fiscal Year (Ending March 2026)

• During the interim period, revenue and profit increased, driven by growing rental income from Azabudai Hills and Toranomon Hills Station Tower as well as residential sales at Azabudai Hills.
• Operating revenue, operating income and ordinary income all reached record highs for the interim period, continuing the trend that began in the previous fiscal year.
• In the full-year forecast, operating revenue, operating income and ordinary income are all expected to reach record highs, as originally projected at the beginning of the fiscal year.

Tokyo, November 18, 2025 – Mori Building, Japan’s leading urban landscape developer, announced today its financial results for the first six months (April to September) of the 2025 fiscal year ending March 2026, as follows:

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.