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Financial Results and Business Highlights for Summary of 1Q , FY2026 August 2026 & MITSUI FUDOSAN https://www.mitsuifudosan.co.jp/english/corporate/ir/ 1
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MITSUI FUDOSAN CO., LTD. 目次/Contents １．ハイライト Highlights P .3 2．経営方針 Management Policy P .6 ✓ グループ概要・⾧期経営方針/Mitsui Fudosan Group Overview and Long-Term Vision （資本政策・成⾧投資とポートフォリオ・資金調達状況/Capital Policy, Growth Investment and Portfolio, and Financial Situation） 3．事業状況 Business Situation P .25 ✓ 三井不動産の主なアセットクラス/Mitsui Fudosan Group Main Asset Classes ✓ オフィス/Office ✓ シェアオフィス/Shared Office ✓ ライフサイエンス事業/Life Science Business ✓ 商業施設/Retail Facilities ✓ 物流施設・データセンター/Logistics Facilities・Data Centers ✓ 国内住宅分譲/Residential Property Sales to Individuals (Domestic) ✓ 投資家向け分譲等/Property Sales to Investors, etc. ✓ プロパティマネジメント/Property Management ✓ 仲介・アセットマネジメント/Brokerage, Asset Management ✓ ホテルリゾート/Hotels and Resorts ✓ スポーツ・エンターテインメント/Sports ＆ Entertainment ✓ 海外事業/Overseas Business 4．サステナビリティへの取り組み Sustainability Initiatives P .52 5．決算・企業情報等 Financial Results and Corporate Information, etc. P .62 ✓ 決算実績/Financial Results ✓ 企業データ・事業データ/Corporate and Business Data ✓ 主な当社稼働物件一覧/List of Major Properties in Operation ✓ マーケット動向/Market Trends 本資料における掲載データの時点表記 Time Notation of Posted Data on the Document 2026年6月末時点（ただし、個別データに表記のある場合を除く） As of June 30, 2026（Except for the case of specific notation on each page) 免責事項 Disclaimer 本資料には、将来の業績見通し、開発計画、計画目標等に関する記述が含まれています。 こうした記述は、本資料作成時点で入手可能な情報、および不確実性のある要因に関する一定の 主観的な仮定に基づき当社が判断した予想であり、潜在的なリスクや不確実性を内包するほか、 記述通りに将来実現するとの保証はありません。 経済情勢、市場動向、経営環境の変化などにより、実際の結果は本資料にある予想と異なる 可能性があることにご留意ください。 また、本資料の内容については細心の注意を払っておりますが、本資料に関する全ての事項について、 新規性、正当性、有用性、特定目的への適合性、機能性、安全性に関し、一切の保証をいたしか ねますのでご了承ください。 また、本資料は投資勧誘を目的としたものではありません。 投資に関する決定は、ご利用者自身の判断においておこなわれるようお願い申し上げます。 This presentation contains forward-looking statements including details regarding the Company’s business results forecasts, development plans, and targets. All forward-looking statements are based on judgments derived from the information available to the Company at the time this presentation was issued, and are subject to a variety of risks and uncertainties. As a result, actual results may differ materially from the Company’s forecasts due to a number of factors including changes in economic conditions, market trends, and shifts in the operating environment. Although we exercised all due care in the preparation of this presentation, we assume no obligation to update, revise, or correct any of the statements and do not attest to or guarantee their usefulness, suitability for a specific purpose, functionality, or reliability. Moreover, this presentation is not intended to solicit investment of any kind. Investment decisions should be based solely on the judgments of investors. 2
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MITSUI FUDOSAN CO., LTD. 決算ハイライト:2027年3月期 第1四半期決算サマリー Financial Highlights : Summary of 1Q, FY2026 Financial Results 1 ハイライト Highlights ■第1四半期決算ハイライト / First Quarter Financial Highlight 営業収益、事業利益、経常利益、純利益*1は、前年同期の物件売却の反動等により減収減益となったが、 賃貸・マネジメント・施設営業の各セグメント別事業利益は、第１四半期の過去最高を更新。 「賃貸」は国内外オフィスの収益・利益の伸⾧、国内外商業施設の売上伸⾧等により 前年同期比で60億円増益の517億円（通期予想1,800億円に対する進捗率:28.8％） 「マネジメント」は運営管理受託件数増加、リハウス（個人向け仲介）の取引件数・単価向上等により 前年同期比で24億円増益の198億円（通期予想750億円に対する進捗率:26.5％） 「施設営業」は国内ホテルのADR上昇、東京ドームの収益・利益の伸⾧等により 前年同期比で６億円増益の150億円（通期予想450億円に対する進捗率:33.4％） 営業収益、事業利益、経常利益、純利益*2は過去最高を見込む通期予想の達成に向けて順調に進捗中。 Revenue from operations, business income, ordinary income, and profit attributable to owners of parent*1 decreased YoY, mainly a reflection of a high base for comparison due to the impact of property sales recorded in the same period of the previous fiscal year. However, business income in each of the Leasing, Management, and Facility Operations segments reached new record highs for the first quarter. "Leasing":Business income increased by ¥6.0 billion YoY to ¥51.7 billion, mainly due to growth in revenue and income from offices in Japan and overseas, as well as higher sales at retail facilities in Japan and overseas. (Progress rate against the full-year forecast of ¥180.0 billion: 28.8%) "Management":Business income increased by ¥2.4 billion YoY to ¥19.8 billion, mainly due to an increase in the number of properties under management and increases in the number of transactions and unit prices in the “Mitsui Rehouse” (brokerage for individuals) business. (Progress rate against the full-year forecast of ¥75.0 billion: 26.5%) "Facility Operations":Business income increased by ¥0.6 billion YoY to ¥15.0 billion, mainly due to a rise in the ADR (average daily rate) of domestic hotels as well as growth in revenue and profit from Tokyo Dome. (Progress rate against the full-year forecast of ¥45.0 billion: 33.4%) Making steady progress toward the record highs as projected in the full-year forecasts for revenue from operations, business income, ordinary income, and profit attributable to owners of parent*2. ■Progress in reducing strategic shareholdings ■Business progress by segment *1:親会社株主に帰属する四半期純利益 ＊2:親会社株主に帰属する当期純利益 *1:Quarterly net profit attributable to owners of the parent *2:Net profit attributable to owners of the parent （十億円/Billions of Yen） 2026.4.1-2026.6.30 2025.4.1-2025.6.30 （A)-(B） (A)/(B)-1 2026.4.1-2027.3.31 （A)/(C） 616.9 802.3 -185.3 -23.1% 2,800.0 22.0% 103.5 160.1 -56.6 -35.4% 410.0 25.2% 104.5 187.7 -83.1 -44.3% 450.0 23.2% 51.7 45.7 +6.0 +13.1% 180.0 28.8% 34.5 124.7 -90.1 -72.3% 210.0 16.4% 国内 /to individuals 25.6 85.6 -59.9 -70.0% 65.0 39.5% 投資家* /to investors* 8.8 39.0 -30.2 -77.3% 145.0 6.1% 19.8 17.4 +2.4 +13.8% 75.0 26.5% 15.0 14.4 +0.6 +4.5% 45.0 33.4% -0.1 0.0 -0.2 – 10.0 – -16.4 -14.6 -1.7 – -70.0 – 89.4 144.0 -54.5 -37.9% 315.0 28.4% 75.8 124.2 -48.4 -39.0% 285.0 26.6% 当第1四半期 実績（A） 1Q, FY2026 Results（A) 前年同期 実績（B） 1Q, FY2025 Results（B) 増減（率） Change(Rate) 2027年3月期 通期予想（C） FY2026 Forecast （C） 進捗率 Progress(Rate) 消去他 Elimination or Corporate 営業収益 Revenue from operations 営業利益 Operating Income 事業利益 Business Income 賃貸 Leasing 分譲 Property Sales マネジメント Management 施設営業 Facility Operations その他 Other 経常利益 Ordinary Income 親会社株主に帰属する四半期純利益 Profit attributable to owners of parent Office Retail facilities Our vacancy rate in the Tokyo metropolitan area YoY in Domestic FacilityRevenue 0.9% +4.6% As of Mar. 31, 2025 : 1.6% Comparison based on existing domestic properties Property Sales to indivisuals (Domestic) Lodging-focused hotels Contract Progress Rate RevPAR 83% over 105% 2,350 units planned in FY2026 YoY Comparison FY2025 Results FY2026 Forecast FY2026 1Q Results Cumulative reduction of around 40% Cumulative reduction of 50% or higher Cumulative reduction of slightly less than 50% 3
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● MITSUI FUDOSAN CO., LTD. 決算ハイライト:2027年3月期 第1四半期決算実績 Financial Highlights:Summary of 1Q, FY2026 Financial Results 1 ハイライト Highlights 増減 / Change 増減率 / Rate (A) (B) (A)-(B) (A)/(B)-1 （C） (A)/(C) 616.9 802.3 -185.3 -23.1% 2,800.0 22.0% 103.5 160.1 -56.6 -35.4% 410.0 25.2% -14.0 -16.1 +2.0 -95.0 14.8% -18.1 -18.6 +0.5 -85.0 21.3% 4.0 2.5 +1.5 -10.0 89.4 144.0 -54.5 -37.9% 315.0 28.4% 24.2 34.3 -10.0 – – – -37.9 -54.0 +16.1 -135.0 75.8 124.2 -48.4 -39.0% 285.0 26.6% 104.5 187.7 -83.1 -44.3% 450.0 23.2% 103.5 160.1 -56.6 -35.4% 0.9 1.1 -0.1 -15.6% 0.1 26.4 -26.3 -99.5% 2027年3月期 1Q実績 1Q, FY2026 Results 2026年3月期 1Q実績 1Q, FY2025 Results 前年同期比 / Y on Y 2027年3月期 通期予想 FY2026 Forecast 進捗率 Progress Rate 単位:十億円 Billions of Yen 親会社株主に帰属する四半期純利益 Profit attributable to owners of parent 営業収益 Revenue from Operations 営業利益 Operating Income 営業外損益 Non-operating Income / Expenses 純金利負担 Interest Income / Expenses, in Net その他 Other, in Net 経常利益 Ordinary Income 特別利益 Extraordinary Income 105.0 23.1% 特別損失 Extraordinary Loss 法人税等ほか Income Taxes and the others 事業利益 Business Income 営業利益 Operating Income 持分法投資損益 Equity in Net Income/Loss of Affiliated Companies 固定資産売却損益 Gain / Loss on Sales of Fixed Assets 4
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*2:投資家向け・海外住宅分譲等 to investors and individuals (Overseas),etc. MITSUI FUDOSAN CO., LTD. 決算ハイライト:連結業績予想（2026年5月13日公表） Financial Highlights : Consolidated Statements of Earnings Forecast (Announced : May 13, 2026) 1 ハイライト Highlights Consolidated financial results are expected to reflect growth in leasing income driven by upward rent revisions for domestic and overseas offices and increased revenue at domestic and overseas retail facilities, as well as growth in income from property sales through accelerated asset turnover achieved by treating real property for sale and fixed assets on an integrated basis. As a result, revenue from operations, operating income, business income, ordinary income, and net income attributable to shareholders of the Company are all expected to reach record highs. ❶ "Leasing" segment Although the expenses associated with completion of domestic offices and leasing properties in the U.S.A. increased, the segment is expected to record an increase in revenue and business income due to upward rent revisions for domestic offices and increases in revenue at domestic and overseas retail facilities. ❷ "Property Sales" segment Although there is an impact caused by sale of centrally located, high- priced and large-scale properties in residential property sales to individuals (domestic) recorded in the current fiscal year, the segment is expected to record an increase in revenue and business income due to the accelerated asset turnover achieved by treating real property for sale and fixed assets on an integrated basis in property sales to investors and residential property sales to individuals (overseas), etc. ❸ "Management" segment The segment is expected to record a decrease in business income due to the impact caused by one-time management fees, etc. recorded in the current fiscal year. ❹ "Facility Operations" segment Although further expansion of revenue and income is supported by robust demand at hotels and resorts, the segment is expected to remain revenue from operations and business income at roughly the same level as the current fiscal year, due to anticipated increases in costs associated with the completion of new large-scale properties. 2027年3月期 通期予想 (2026/5/13公表） FY2026 Forecast (As of May 13, 2026) 2026年3月期 通期実績 FY2025 Result 増減 Change 増減率 Rate of Change (A) (B) (A)-(B) (A)/(B)-1 2,800.0 2,709.7 +90.2 +3.3% 410.0 397.7 +12.2 +3.1% 営業外損益 Non-operating Income/Expenses -95.0 -84.4 -10.5 純金利負担 Interest Income/Expense, in Net -85.0 -73.4 -11.5 その他 Other, in Net -10.0 -10.9 +0.9 315.0 313.3 +1.6 +0.5% 105.0 83.6 +21.3 -135.0 -118.3 -16.6 285.0 278.6 +6.3 +2.3% 450.0 445.1 +4.8 +1.1% 賃貸 Leasing 180.0 177.0 +2.9 +1.7% 分譲 Property Sales 210.0 193.1 +16.8 +8.7% 国内 /to individuals（Domestic） 65.0 112.0 -47.0 -42.0% 投資家*2 /to investors*2 145.0 81.1 +63.8 +78.6% マネジメント Management 75.0 80.8 -5.8 -7.3% 施設営業 Facility Operations 45.0 46.3 -1.3 -2.9% その他 Other 10.0 10.1 -0.1 -1.7% 消去他 Elimination or Corporate -70.0 -62.4 -7.5 +12.0% （単位:十億円） (Billions of Yen) 営業収益 Revenue from Operations 営業利益 Operating Income 経常利益 Ordinary Income 特別損益 Extraordinary Income/Loss 法人税等ほか Income Taxes and the others 親会社株主に帰属する当期純利益 Profit attributable to owners of parent 事業利益 Business Income 持分法投資損益 固定資産売却損益 ❶ ❷ ❸ 過去最高 ❹ *1:Projected new record highs: 15th consecutive year for revenue from operations; 3rd consecutive year for business income; and 5th consecutive year for operating income, ordinary income and net profit. Equity in Net Income (Loss) of Affiliated Companies Gain (Loss) on Sale of Fixed Assets 5
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MITSUI FUDOSAN CO., LTD. ビル賃貸 Office Leasing 18% 商業賃貸 Retail Leasing 12% その他賃貸 Other Leasing 4% 国内住宅分譲 Residential Property Sales to Individuals (Domestic) 16% 投資家向け分譲等 Property Sales to Investors, etc. 11% PM 14% AM・仲介 AM,Brokerage 5% ホテル・リゾート Hotels & Resorts 7% スポーツ・エンタメ Sports＆ Entertainment 2% 新築請負 New Construction under Consignment 9% その他 Others 2% Assets and Revenues of the Mitsui Fudosan Group（FY2025） Management Policy 経営方針 2三井不動産グループの資産と収益（2026年3月期） 三井不動産グループの資産 Assets of the Mitsui Fudosan Group 収益構造 Revenue Structure 約10.1兆円 Approx.￥10.1 trillion ● 連結総資産 Total Consolidated Assets 約4.6兆円 Approx.￥4.6 trillion ● 有形・無形固定資産 （うち、賃貸等不動産3.7兆円） Tangible and Intangible Fixed Assets (Including Approx. ¥3.7 trillion in rental property) 約2.6兆円 Approx.￥2.6 trillion ● 販売用不動産 （うち投資家向け約1.8兆円、個人向け約0.7兆円） Real Property for Sale (Approx. ¥1.8 trillion for investors; Approx. ¥0.7 trillion for individuals) 有形・無形固定資産 約4.6 兆円 46% 販売用不動産 約2.6 兆円 26% その他資産 約2.8 兆円 28% 総資産 約10.1兆円 Total Assets Approx.￥10.1 trillion Tangible and Intangible Fixed Assets Approx.¥4.6 trillion 46% Real Property for Sale Approx.¥2.6 trillion 26% Others Approx.¥2.8 trillion 28% 賃貸 Leasing 34% 分譲 Property Sales 27% マネジメント Management 19% 施設営業 Facility Operations 9% その他 Other 11% 連結営業収益 約2.7兆円 Revenue from Operations Approx. ￥2.7 trillion 6
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MITSUI FUDOSAN CO., LTD. Business Model that Realizes Sustainable Growth Management Policy 経営方針 2持続的な成⾧を実現するビジネスモデル 不動産の「インカムゲイン」「キャピタルゲイン」「マネジメント」を最適、かつ柔軟に組み合わせ、利益の最大化を実現 Maximize Profits through an Optimal and Flexible Combination of Real Estate “Income Gain Business”,“Capital Gain Business” and “Management” 有形・無形固定資産 約4.6 兆円 46% 販売用不動産 約2.6 兆円 26% その他資産 約2.8 兆円 28% 総資産 約10.1兆円 Approx.￥10.1 trillion Tangible and Intangible Fixed Assets Approx.¥4.6 trillion 46% Real Property for Sale Approx.¥2.6 trillion 26% Others Approx.¥2.8 trillion 28% 三井不動産グループ Mitsui Fudosan Group 投資家・不動産オーナー Investors, Property owners 三井不動産グループ総資産 (約10.1兆円) Mitsui Fudosan Group Total Assets (Approx. ¥10.1 trillion) テナント Tenants 預かり資産（約5.31兆円） Assets Under Management (AUM) （Approx. ￥5.31 trillion） キャピタルゲイン Capital Gain Business Cash Flow マネジメント Management Business 投資家 Investors 不動産オーナー Property owners 分譲・売却 Property Sales 売却売上 Sales Revenue 管理・運営・仲介等 Management Operation Brokerage, etc. 手数料 Commissions インカムゲイン Income Gain Business テナント Tenants オフィステナント /Office tenants 約3,000社 /Approx. 3,000 companies 商業テナント /Retail tenants 約2,500社 /Approx. 2,500 companies 賃貸 Leasing 賃貸収入 Leasing Revenue ＊「インカムゲイン・キャピタルゲイン・マネジメント」とは インカムゲイン:稼働資産の保有を通じた、安定的な「賃貸利益」「施設営業利益」の享受 キャピタルゲイン:資産の売却による付加価値の顕在化、「開発利益（売却益）」の享受 マネジメント:預かり資産等を通じた、継続的な「マネジメント利益」の享受 *What is Income Gain Business, Capital Gain Business and Management Business? Income Gain Business: Generate stable leasing income and facility operating income through the ownership of operating assets. Capital Gain Business: Realize added value through the sale of assets and development profit (gain on sale). Management Business: Generate continuous management profit through assets under management, etc. * 時点の記載がない数値は2026年3月期末時点のものです。/Values without a noted time are as of the end of FY2025. 7
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MITSUI FUDOSAN CO., LTD. Decouple from the market Management Policy 経営方針 2市場とのデカップリング マーケットやエリアの価値を牽引する「市場とのデカップリングを実現 We generate new demand and decouple from the market in a bid to drive value. Office (mixed-use properties in city centers) Retail & Sports and Entertainment Housing (Homes and Living) Hotels and ResortsLogistics ●Low vacancy rates, stable rental income, and sources of further top-line growth ●Attract more customers and increase sales by increasing the attractiveness of real facilities ●Visitor traffic at some commercial facilities increased to 140% of the normal level on arena event days. ●Buoyed by increases in central urban, large-scale, high-end condominium profit margins ●Property Sales to Individuals (Domestic) profit margin reached a record high of 25.5% in FY2025. ●High ADR growth rate FY2025 : Approx. +¥2,000 (compared with FY2024) Amounts are record highs ⇄ Hotel REIT (ADR) + Approx. ¥1,000 *7 ●4 of the 7 highest-rated facilities in Japan by MICHELIN Guide are our facilities → P .41 ●High competitiveness ■Strength of the customer base ■Planning, development, and management skills ■Robust development and sales capabilities of central urban, large-scale, high-end condominiums ■Collaboration between retail facilities and sports/ entertainment that only we can provide ■Attractive portfolio of properties with highly competitive tangible (favorably located, high-specification real estate)and intangible (services) ■Direct sales to cargo owners utilizing the Group’s strong customer base / strong relationships with logistics companies ■Shift in brand positioning（Mitsui Garden Hotels） ■Capturing demand from inbound travelers Inbound travelers lodging ratio (Tokyo) 60% level (end of FY2018) → Approx. 85% (end of FY2025) Total number of units handled in Tokyo’s six central wards.*6 Market share: Approx. 40%（FY2025） ●Tenant companies across various industries Approx. 3,000 ＜Rental Rates in Our Major Development Areas＞ （Compared to 2010）*1*2 Through “The creation of neighborhoods” that enhances the value of the area, rental rates in development areas have increased. The area has achieved one of the highest growth rates in central Tokyo, and asking rents in the ”Yaesu, Nihonbashi, and Kyobashi” area the highest among major Tokyo areas. （As of April 2026） ●Yaesu / Nihonbashi / Kyobashi:185% (¥51,412/tsubo） ●Nihonbashi Honcho & Muromachi:175% (¥39,600/tsubo） Our offices are being leased at levels well above asking rents in each area. Retail Sports and Entertainment Approx. 1.4 times in 6 years FY2025 : ¥486.5 billion ⇄ FY2019: ¥360.2 billion Office vacancy rate (as of the end of FY2025) Office leasing revenue Neighborhood creation-type facilities Cases of contracts with rents 1.3 times higher than the market*4 Vacancy rate (Tokyo metropolitan area, over 1 year old) As of Mar. 2026 Development properties 1.7% ⇄ Market 9.2%*5 Brand recognition has elevated from upscale to upper upscale Ticket purchases Event awareness Merchandise purchases Event day *1:Source:Sanko Estate Co., Ltd. *2 : Asking rents including CAM charges for buildings with a typical floor area of 200 tsubo or more *3:Source: Miki Shoji Co., Ltd. *4:Example of MFLP・LOGIFRONT TOKYO ITABASHI・MFLP FUNABASHI・MFIP HANEDA *5:Source:CBRE(2026.1Q vacancy rate of large multi-tenant logistics facilities in the Tokyo metropolitan area (more than 1 years old)) *6:In the case of JV properties, units are counted by the lead company. *7:Jan.–Dec. 2025 ■Market-leading leasing capabilities ●Favorably located, high specification ●Newer, mixed-use properties ●Intangible services ●Places and communities Mitsui Fudosan (Tokyo metropolitan area, non-consolidated) 1.6% ⇄ Market (Central Tokyo 5 wards)2.2%*3 Upscale Upper upscale Luxury Up-mid scale Mid-scale Economy 8
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MITSUI FUDOSAN CO., LTD. Growth Investment and Portfolio Management Policy 経営方針 2 Tangible and Intangible Fixed Assets 4,679.1 Real Property for Sale 2,603.0 Others Other Tangible and Intangible Fixed Assets 9% 3,729.5 37% 1,846.8 18% 756.2 8% 2,821.2 28% Creation of Added Value through Growth Investment Total Assets ¥10,103 FY2025 A. Rental Properties B. Real Property for Sale (For Property Sales to Investors) C. Real Property for Sale (For Property Sales to Individuals (Domestic)) Investment and Development Focal points in portfolio building ✓Sourcing of properties with high potential for added value ✓Adding value and improving margin through development investment ✓Strengthening of resilience to market changes through area-product combinations; awareness of balance between risk and returns Guideline for Investment Criteria (Domestic example: NOI yield) Central Tokyo prime office buildings ≈5% Retail Facilities (land holding) ≈8% Retail Facilities (lease-land type) ≈12% Asset Portfolio of the Mitsui Fudosan Group Area Product Category Domestic Overseas Central Tokyo Suburbs Europe and North America, Asia and Other Regions Office 47% Retail Facilities 16% Logistics Facilities 7% Housing 21% Hotels & Resorts 3% Other 6% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Tangible and Intangible Fixed Assets＋Real Property for Sale 7,282.1 Unit: Billions of yen 成⾧投資とポートフォリオ Office Buildings Retail Facilities Housing Logistics Facilities Hotels,etc. Sports and Entertainment 9
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MITSUI FUDOSAN CO., LTD. Growth Investment and Portfolio Management Policy 経営方針 2成⾧投資とポートフォリオ Realization of unrealized gain from the timely sale of income-generating real estate holdings (Approx. ¥5.5 trillion) 124.1 135.7 138.3 141.9 145.8 120.7 129.9 149.1 167.8 176.4 177.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 （Billions of Yen） *Operating income is disclosed for FY2023 and prior. Change in Leasing segment Business Income Change in Gains on Sales Cap rate Examples of Major Assets Sold in the Past (FY2021-2025 results) 2.7～3.5％Office 2.8～4.7％Retail Facilities 3.3～4.6％Logistics Facilities Operating Asset 8.1%Expected NOI yield 8.3%Domestic 7.9%Overseas Operating Asset 91% Domestic 63% Overseas 28% Under Development 9% Domestic Overseas Under Development Book value at the end of March 2026 Approx. ¥3.72 trillion*1 A. Rental Properties (Tangible and Intangible Fixed Assets) B. Real Property for Sale (for Property Sales to Investors) Operating Asset 7.0%Expected NOI yield 7.6%Domestic 5.8%Overseas Operating Asset 65% Domestic 43% Overseas 22% Under Development 35% Domestic Overseas Under Development Book value at the end of March 2026 Approx. ¥1.84 trillion*2 *2 Asset breakdown *1 Asset breakdown Total Under Develop ment Operating Asset Overseas Domestic OtherRetailOffice ￥3.72 trillion100%9%28% 6% 17% 40% Total Under Develo pment Operating Asset Over seas Domestic OtherRental Housing LogisticsRetailOffice ¥1.84 trillion100%35%22 %1% 12% 15% 7% 8% 20.5 34.6 53.3 62.4 93.8 77.2 114.5 96.7 78.4 44.3 30.6 20.7 6.8 4.4 29.1 51.7 20.5 34.6 53.3 62.4 93.8 97.9 121.4 96.7 82.8 73.5 0 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 200 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 82.4 （Billions of Yen） Residential Property Sales to Individuals (Domestic) Operating income Gains on Sales of Fixed Assets Gain on sales of Real Property for Sale (Excluding Residential use for Individuals) 10
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Please refer to the following URL link for details https://www.mitsuifudosan.co.jp/english/corporate/innovation2030/ MITSUI FUDOSAN CO., LTD. Structure of & INNOVATION 20 30 グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 経営方針 Management Policy2 11
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MITSUI FUDOSAN CO., LTD. Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Quantitative Targets: Around FY2030 Growth Indicator EPS*1 growth rate ＋8% or higher, CAGR FY2023 (forecast as of Feb.9, 2024)–FY2030(forecast)CAGR *1: Earnings Per Share Efficiency Indicator ROE 10% or higher Strategic shareholdings (FY2024-FY2026) Reduction of 50% Sell at the right timeStocks held purely for investment Marketable Securities Accelerate efforts to reduce strategic shareholdings ;reduce current holdings by 50% over the three-year period to FY2026. Continue to actively reduce strategic shareholdings from FY2026 onward. Reflecting our track record to date, we will continue to take a flexible and sustainable approach to selling over time, allocating proceeds to invest for future growth while also taking the share price into account. Balance Sheet Control Fixed Assets/ Real Property for Sale Around ¥2 trillion Asset turnover with no exceptions (Scope not limited to only real property for sale; fixed assets to also be considered) (FY2024-FY2026) D/E Ratio Around 1.2-1.5 times Maintain financial soundness while conscious of ratings Quantitative Targets: FY2026 Growth Indicator EPS growth rate ＋8% or higher, CAGR FY2023 (forecast as of Feb.9, 2024)–FY2026(forecast)CAGR Efficiency Indicator ROE 8.5% or higher Shareholder Returns （FY2024-FY2026） Total payout ratio Dividend payout ratio Stable dividend increases linked to sustainable profit growth (continuous and progressive dividends) Flexible and continuous repurchase of own shares Around 35% each period 50% or higher each period PL BS Efficiency Indicator Business income Profit attributable to owners of parent Total assets Interest-bearing debt ROA *2: Operating income +Equity in earnings/losses of affiliates (including Gain/loss on sales of shares of subsidiaries and affiliates for the purpose of real estate sales)+Gain/loss on sales of fixed assets *3: Business income / Average total assets over period ¥440 billion or higher*2 ¥270 billion or higher Around ¥9 trillion Around ¥4.5 trillion 5％ or higher*3 12
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MITSUI FUDOSAN CO., LTD. “& INNOVATION 2030” FY2025 Results & FY2026 Forecast Management Policy 経営方針 2＆ INNOVATION 2030 2026年3月期通期実績および2027年3月期業績予想 「Progress Toward the Fiscal Year 2026 Goals of “& INNOVATION 2030” FY2026 GoalsFY2026 ForecastFY2025 ResultsFY2024 Results＆ INNOVATION 2030 KPI +8%/year or higher・CAGR Approx. +10.3%/year ・CAGR （EPS:Approx. ¥105） +13.4%/year ・CAGR （EPS:¥101.0） +13.7%/year （EPS:¥89.3） EPS growth rate*1 *1 Base for calculation: FY2023 EPS forecast of ¥78.5 Growth Indicator 8.5% or higher 8.5% or higher*28.7%8.0%ROEEfficiency Indicator ¥440.0 billion or higher¥450.0 billion¥445.1 billion¥398.6 billionBusiness income PL ¥270.0 billion or higher¥285.0 billion¥278.6 billion¥248.7 billionProfit attributable to owners of parent Around ¥4.5 trillion¥4.80 trillionApprox. ¥4.63 trillion Approx. ¥4.42 trillion Interest bearing debtBS Around 1.2-1.5 times In the 1.4X Range*21.41X1.40X Maintain financial soundness while conscious of ratings D/E Ratio 50% reduction (3-year cumulative) Cumulative reduction of 50% or higher Cumulative reduction of around 40% Approx. 23% reduction Strategic shareholdings Marketable Securities *2 Calculated based on certain assumptions 13
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MITSUI FUDOSAN CO., LTD. "& INNOVATION 2030" Main KPI Trends Management Policy 経営方針 2「＆ INNOVATION 2030」 主要なKPIの推移 Status and outlook of Net profit, ROE, Total Assets and Debt 7.4% 7.7% 5.2% 6.6% 6.9% 7.5% 8.0% 8.7% 8.5％ or higher 168.6 183.9 129.5 176.9 196.9 224.6 248.7 278.6 285.0 100.0 120.0 140.0 160.0 180.0 200.0 220.0 240.0 260.0 280.0 300.0 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 ROE Net Profit 6,802.7 7,395.4 7,742.0 8,208.0 8,841.4 9,489.5 9,859.9 10,103.4 2,906.6 3,481.1 3,623.4 3,667.2 4,048.5 4,430.4 4,416.0 4,632.5 4,800.0 1.24 1.45 1.42 1.31 1.40 1.42 1.40 1.41 1.4x Level 1.10 1.15 1.20 1.25 1.30 1.35 1.40 1.45 1.50 1.55 2,000.0 3,000.0 4,000.0 5,000.0 6,000.0 7,000.0 8,000.0 9,000.0 10,000.0 11,000.0 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Total Assets Interest bearing debt D/E ratio （Billions of Yen） （Billions of Yen） 14
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MITSUI FUDOSAN CO., LTD. 100 120 140 160 180 200 Leasing "& INNOVATION 2030" Profit Growth in Major Segments Management Policy 経営方針 2「＆ INNOVATION 2030」 主要セグメント 利益成⾧の推移 Each segment's income is expected to remain steady toward achieving FY2026 Business Income Goals, over ¥440 billion ＊Until FY2022, based on operating income; from FY2023 onward, based on business income. & INNOVATION 2030 FY2026 GoalsFY2026ForecastFY2025ResultsFY2024Results Around ¥180.0 billion¥180.0 billion¥177.0 billion¥176.4 billion （Billion） 0 50 100 150 200 250 Property Sales ¥23.0 billion ¥210.0 billion & INNOVATION 2030 FY2026 GoalsFY2026ForecastFY2025ResultsFY2024Results Around ¥210.0 billion¥210.0 billion¥193.1 billion¥167.0 billion （Billion） 20 30 40 50 60 70 80 90 Management ¥41.5 billion ¥75.0 billion & INNOVATION 2030 FY2026 GoalsFY2026ForecastFY2025ResultsFY2024Results Around ¥70.0 billion¥75.0 billion¥80.8 billion¥71.6 billion （Billion） 20 25 30 35 40 45 50 55 60 Facility Operations ¥26.3 billion ¥45.0 billion & INNOVATION 2030 FY2026 GoalsFY2026ForecastFY2025ResultsFY2024Results Around ¥30.0 billion¥45.0 billion¥46.3 billion¥38.6 billion （Billion） ¥104.3 billion ¥180.0 billion 15
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MITSUI FUDOSAN CO., LTD. “& INNOVATION 2030” Status of Cash Allocation Management Policy 経営方針 2「＆ INNOVATION 2030」 キャッシュアロケーションの状況 Approximately ¥2.2 Trillion in Both Cash Inflows and Outflows Achieved Over Two Years, Representing Around 80% of the Three-Year Cumulative Forecast "& INNOVATION 2030" 3-Year Cumulative （FY2024-FY2026) Cash In Cash Out Proceeds from asset turnover Around ¥2 trillion Cumulative Progress for FY2025 Key Details Cumulative Progress Item FY2025FY2024 Through accelerated asset turnover, including both real estate for sale and fixed assets, properties such as Otemachi One Tower, LaLaport Aichi Togo, and Yokohama Mitsui Building were sold in FY2024, while properties such as Mita Garden Hills, (Former) Hibiya U-1 Building, U.S. rental housing assets, and DiverCity Tokyo PLAZA were sold in FY2025, along with progress in the sale of investment securities. Approx. ¥630.0 billion Approx. ¥610.0 billionProceeds from asset turnover Approx. ¥2.2 trillion Cash Inflows Approx. ¥1,240.0 billion (Approx. 60%) Profit attributable to owners of the parent of ¥248.7 billion in FY2024 and ¥278.6 billion in FY2025, together with depreciation of fixed assets and real estate for sale, etc. Approx. ¥530.0 billion Approx. ¥490.0 billionBasic cash flow from operating activities Approx. ¥1,010.0 billion (Approx. 100%) （FY2024） New investments such as "Lalaport Anjo" by Mitsui Fudosan and "Park Wellstate Nishiazabu" and condominium projects by Mitsui Fudosan Residential, etc. （FY2025） New investments such as the redevelopment investment in “LaLaport TOKYO-BAY” by Mitsui Fudosan, the new investment in “Mita Garden Hills” by Mitsui Fudosan Residential, as well as the acquisition of shares in Mitsui- Soko HOLDINGS Co., Ltd. in connection with the capital and business alliance, and the acquisition of shares in Toyota Automall Development Co., Ltd. *1, etc. Approx. ¥1,040.0 billion Approx. ¥930.0 billionGrowth investments ＋ Funds for strategic purposes Approx. ¥2.2 trillion Cash Outflows Approx. ¥1,970.0 billion (Approx. 80%) ・Shareholder Returns for FY2023: Year-end dividends and Repurchase of own shares totaling ¥40.0 billion. ・Shareholder Returns for FY2024: Interim dividend, Year-end dividends and partial repurchase of own shares totaling ¥45.0 billion. ・Shareholder Returns for FY2025: Interim dividends and repurchase of own shares totaling ¥57.0 billion. Approx. ¥190.0 billion Approx. ¥130.0 billion Shareholder returns Approx. ¥320.0 billion (Approx. 80%) *1 Toyota Automall Development Co., Ltd. changed its company name to MF Automall Development Co., Ltd. effective April 1, 2026, following the change in its parent company on August 29, 2025. Growth investments Around ¥2 trillion Basic cash flow from operating activities Around ¥1 trillion Funds for strategic purposes Around ¥0.6 trillion Shareholder returns Around ¥0.4 trillion 16
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MITSUI FUDOSAN CO., LTD. X Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Executive summary of Financial Strategy Manage with an equal focus on the three key objectives : enhance growth, efficiency and shareholder returns ●Achieve stable and continuous leasing income growth through various measures, including the development of new properties and existing property top-line growth. Achieve stable and continuous profit growth and enhance cash-generating capabilities ●Realize development added value through the stable and continuous turnover of assets, while taking into consideration the balance between leasing income and sales profit. ●Enhance cash-generating capabilities through business planning, property development, and management capabilities that are the source of the Company’s competitive advantage. Expand shareholder returns based on growth and efficiency ●Undertake the flexible and continuous repurchase of own shares. ●Implement measures to increase the proportion of long-term shareholders. ●Further enhance the quality of the asset portfolio by considering and executing asset turnover, reviewing not only real property for sale but fixed assets and investment securities. Improve efficiency and maintain financial soundness by managing the Company’s balance sheet ●Maintain an “A” rating as a measure of financial soundness and appropriately control financial leverage. ●Steadily and sustainably improve ROE to a level that exceeds the cost of capital. ●Improve the dividend payout ratio and achieve stable dividend increase linked to profit growth (continuous and progressive dividends). 17
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MITSUI FUDOSAN CO., LTD. Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Improve efficiency and maintain financial soundness ■Accelerate asset turnover and realize added value (valuation gains), while taking into consideration the balance between leasing income and sales profit. (Sale of fixed assets and real property for sale without exception; reduction of strategic shareholdings; sell at the right time stocks held purely for investment purposes) Work to increase management revenue by expanding assets under management. ■Maintain a highly efficient and sound financial structure while controlling the balance sheet (BS). ●Steadily and sustainably improve ROE to a level that exceeds the cost of shareholders’ equity Assets under management Total assets Interest-bearing debt/Equity Expand assets under management (AUM) ⇒Expand management income Accelerate asset turnover ⇒Realize added value (valuation gains) Proceeds from asset turnover Around ¥2 trillion (FY2024-FY2026) Financial leverage Maintain an “A” rating Our affiliated REITs, PFs, business corporations, individuals, etc. Fixed assets/ Real property for sale Sale without exception Marketable securities Strategic shareholdings Reduction of around 50% (FY2024-FY2026) Accelerate efforts to reduce strategic shareholdings; reduce current holdings by 50% over the three-year period to FY2026. Continue to actively reduce strategic shareholdings from FY2026 onward. Stocks held purely for investment purposes Sell at the right time Reflecting our track record to date, we will continue to take a flexible and sustainable approach to selling over time, allocating proceeds to invest for future growth while also taking the share price into account. D/E ratio Around 1.2-1.5 times Shareholder returns Return of profits to shareholders taking into consideration financial soundness and capital efficiency Improve ROE Cost of shareholders’ equity （As of 2024:Around 7%） Expand spread Gain the trust and confidence of stakeholders Active IR dialogue Social impact Social value Competitive advantage Differentiation strategy Promote ESG initiatives Enhance the quality of the portfolio Future performance stability and continuity Enhance growth, efficiency and shareholder returns 0 2 4 6 8 FY2002 FY2007 FY2012 FY2017 FY2022 FY2030 7.4 7.7 5.2 6.6 6.9 8.5 or higher 10.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 FY2018 FY2019 FY2020 FY2021 FY2022 FY2026 FY2030 ROE Results and Future Targets Steady growth in total assets under management Trillion yen ％ 18
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MITSUI FUDOSAN CO., LTD. Characteristics of the Mitsui Fudosan Group’s Assets Assets under development No profit is generated during development Source of future growth Development from scratch is necessary to create new value Assets in central cities*2 Relatively high cost of land Stabilization of cash flow and reduction of capital cost Innovation and excitement through the integration of people, goods, money and information Large unrealized/realized gain Assets to be held Securing the freedom for additional investment and demonstration experiments Necessary to control the balance sheet Continued possession based on the concept of getting better with age, leading to the evolution of the neighborhoods Ratio to real estate assets*1 Approx. • Balancing social and economic values • Pursuing a good balance between growth and efficiency • Appropriate D/E ratio of around 1.2 to 1.5 ROETarget 10% or higherAround FY2030 FY2026 ROETarget 8.5% or higher ROATarget 5% or higher*3 *1 Real estate assets＝Fixed assets, real property for sale, etc *2 Assets in central cities=assets in the three wards of central Tokyo and New York, USA *3 Business income / Average total assets over period Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Ratio to real estate assets*1 Approx. Income Gain Business: Capital Gain Business: Management Our Guideline Efficiency Indicators Conceptual Image of profit structure 19
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MITSUI FUDOSAN CO., LTD. Enhance the quality of the asset portfolio for further growth and improved efficiency. Accelerate asset turnover of not only real property for sale but fixed assets and investment securities (including strategic shareholdings and stocks held purely for investment purposes). Continuously realize added value. Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Realize added value (gain on sales) Total assets Approx. ¥8.8trillion （FY2022） ＊Mainly marketable equity securities and equity method investments in real estate holdings and developments. ¥99.6 billion ¥191.0 billion 0 50 100 150 200 250 Asset Turnover Asset Turnover Property sales Sale Added value realization Fixed assets, real property for sale, marketable securities Accelerate the generation of gains Three years (FY2024-FY2026) Cumulative total Approx.¥670.0 billion Fixed assetsRental Properties Approx. ¥3.4 trillion (FY2022) Tokyo Dome, Hotels and resorts Other Approx. ¥3.0 trillion Approx. ¥3.4 trillion Approx. ¥2.7 trillion Approx. ¥3.2 trillion 0.0 2.0 4.0 6.0 8.0 FY2018 FY2019 FY2020 FY2021 FY2022 Book value Valuation gains (Trillions of yen) Trends in book value and valuation gains on rental properties as a result of development Other assets Approx. ¥0.8 trillion Approx. ¥1.2 trillion 0.0 0.5 1.0 1.5 FY2018 FY2019 FY2020 FY2021 FY2022 Investment securities*(Trillions of yen) Billions of Yen Image of trends in book value and valuation gains on property sales to investors’ assets as a result of development Real property for sale Property Sales to Investors Approx. ¥1.4 trillion (FY2022) Property Sales to Individuals (Domestic) Approx. ¥0.6 trillion (FY2022) Approx. ¥0.9 trillion Approx. ¥1.4 trillion 0.0 1.0 2.0 3.0 FY2018 FY2019 FY2020 FY2021 FY2022 Book value Image of Valuation gains Approx. ¥0.6 trillion Approx. ¥0.6 trillion 0.0 0.4 0.8 1.2 FY2018 FY2019 FY2020 FY2021 FY2022 Book value Estimated gain on sales Image of trends in book value and valuation gains on property sales to individuals’ assets as a result of development(Trillions of yen) (Trillions of yen) 20
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MITSUI FUDOSAN CO., LTD. Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Expand shareholder returns (FY2024-FY2026) Expand shareholder returns Stable and continuous shareholder returns Strengthen dividends Increase in dividends linked to sustainable profit growth Growth and increase in value per share Total payout ratio 50% or higher each period Dividend payout ratio Around 35% each period, introduce continuous and progressive dividends Flexible and continuous repurchase of own shares (In principle, repurchased own shares will be cancelled.) 2 2 2 2 3 5 7 7 7 7 7 7 7 8 10 11 13 15 15 15 18 21 28 31 35 37 0 50,000 100,000 150,000 200,000 250,000 300,000 0 5 10 15 20 25 30 35 40 Profit Attributable to owners of parent (Right) Dividend per Share (Left) (Yen) (Millions of Yen) (Forecast) Trends in Profit Attributable to Owners of Parent and Dividend per Share*1 ＊1 Due to a stock split on 4/1/2024 (from 1 share to 3 shares), FY2001-2023 figures are adjusted to post-split basis and rounded to the nearest whole number 29,643 33,596 39,527 43,218 42,837 42,334 52,538 58,372 78,459 86,152 96,047 15,000 16,000 25,000 15,000 30,000 30,000 40,000 45,000 57,000 25.2% 25.5% 35.0% 35.1% 36.9% 44.2% 46.6% 44.9% 52.7% 52.7% 54.9% 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% Total Dividend Share Repurchase Total Payout Ratio 40,000 Trends in Total Dividend Amount, Share Repurchase Amount and Total Payout Ratio Flexibly consider additional share repurchases (Millions of Yen) 21
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MITSUI FUDOSAN CO., LTD. Maximize basic cash flow* generated by mainstay businesses. Strengthen stable and continuous cash-generating capabilities. Enhance the quality of the asset portfolio, accelerate asset turnover, and realize added value. Appropriately allocate basic cash flow from operating activities and proceeds from asset turnover to growth investments, strategic funds and shareholder returns with a focus on growth and efficiency while controlling increases in outstanding debt. ＊Basic cash flow from operating activities: Cash flow minus changes in such items as working capital (including increase/decrease in real property for sale) from operating cash flows, plus gains/losses on asset turnover. 3 years (FY2024-FY2026) Growth investments in existing core business areas Enhance the quality of the asset portfolio and strengthen the earnings platform ●Domestic: Mixed-use developments, office buildings, retail facilities, logistics facilities, etc., housing with a focus on metropolitan, high-grade, large-scale condominiums ●Overseas: Mainly real property for sale 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 ¥ 190.2 billion ¥ 370.7 billion Proceeds from asset turnover Around ¥2 trillion Enhance the Portfolio Accelerate Basic cash flow from operating activities Around ¥1 trillion Maximize Stable and continuous Funds for strategic purposes Around ¥0.6 trillion Shareholder returns Around ¥0.4 trillion Growth investments Around ¥2 trillion Set aside funds for strategic purposes Respond flexibly, taking into account such factors as the business and financial environment ●Budget for expansion into new asset classes ●Budget for capturing business opportunities in new business domains (M&As, etc.) ●Funds set aside for balance sheet control (maintain financial discipline and improve ROE) Total payout ratio 50% or higher each period Provide stable and continuous returns to shareholders with the aim of EPS growth and improving ROE ●Dividend payout ratio Around 35% each period ●Introduce continuous and progressive dividends, Increase in dividends linked to profit growth ●Flexible and continuous repurchase of own shares Mitsui Fudosan Group Long-Term Vision:＆ INNOVATION 2030 ⋆Announced in Apr. 2024 Management Policy 経営方針 2グループ⾧期経営方針 ＆ INNOVATION 2030 *2024年4月策定 Enhance cash-generating capabilities (FY2024-FY2026) Stable expansion of cash-generating capabilities 22
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MITSUI FUDOSAN CO., LTD. 格付を意識しながら、投資好機に向け財務健全性を維持● Maintain financial soundness for investment opportunities while being conscious of the rating 有利子負債は、D/Eレシオ:1.2-1.5倍程度によりコントロール● To control interest-bearing debt, referring to D/E ratio around 1.2 to 1.5 直接・間接を含め、柔軟に資金調達を実施● Flexible financing, including direct and indirect financing 借入残高における高い⾧期・固定比率を維持● Maintain a high long-term/fixed ratio of outstanding loans 未使用のコミットメントライン4,000億円● The unused commitment line is ¥400 billion Financial Situation 資金調達状況 資金調達 /Financing （2026年3月期末時点/FY2025）財務状況 /Financial Situation Management Policy 経営方針 2 2,226 2,287 2,604 2,906 3,481 3,623 3,667 4,048 4,430 4,416 4,632 1,922 1,984 2,204 2,342 2,408 2,555 2,796 2,900 3,110 3,146 3,277 1.16 1.15 1.18 1.24 1.45 1.42 1.31 1.40 1.42 1.40 1.41 0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 有利子負債(左軸) Interest-bearing debt(Left) 自己資本(左軸) Shareholders' equity(Left) D/Eレシオ(右軸) Debt/Equity ratio(Right) 十億円 Billions of Yen 倍 Time D/Eレシオ等の推移 /Trend of D/E ratio, etc. コーポレート(円貨) Corporate - JPY 62.9% コーポレート(外貨) Corporate - Others 29.4% ノンリコース(円貨) Non-Recourse - JPY 2.6% ノンリコース(外貨) Non-Recourse - Others 5.0% 連結有利子負債 Interest-Bearing Debt *Consolidated ⾧期 Long-term 90.0% 短期 Short-term 10.0% ⾧期・短期比率 Ratio of Long/Short-term Debt *ノンリコースを除く *Excl. non-recourse 平均残存期間 4.72年 Average Duration 4.72 Years 固定 Fixed 80.6% 変動 Floating 19.4% 固定・変動比率 Ratio of Fixed/Floating-Interest Debt *ノンリコースを除く *Excl. non-recourse 借入 Bank Borrowing 74.1% 社債,SB 25.9% 借入・社債比率 Ratio of Bank Borrowing *ノンリコース・短期借入を除く *Excl. non-recourse and short-term borrowings 【Funding Interest Rate Situation】【調達金利の状況】 1.84%All currency 1.84%円貨＋外貨 0.99%Japanese currency 0.99%円貨 3.45%Foreign currency 3.45%外貨 発行年限 /Tenor 合計 /Total スプレッド /Spread ベースレート /Base Rate 発行額 /Issue Amount 発行日 /Issue Date 5年/years1.857%0.220%1.637%232億円 JPY 23.2 billion 2026/3/12 Mar. 12, 2026 第92回普通社債（グリーンボンド） 92nd Straight Bonds (Green Bond） 3年/years1.562%0.190%1.372%211億円 JPY 21.1 billion 2026/3/12 Mar. 12, 2026 第91回普通社債（グリーンボンド） 91st Straight Bonds (Green Bond） 10年/years2.045%0.350%1.695%188億円 JPY 18.8 billion 2025/10/15 Oct. 15, 2025 第90回普通社債（グリーンボンド） 90th Straight Bonds (Green Bond） 10年/years2.105%0.560%1.545%500億円 JPY 50.0 billion 2025/5/29 May 29, 2025 第89回普通社債（グリーンボンド） 89th Straight Bonds (Green Bond） 5年/years1.382%0.340%1.042%500億円 JPY 50.0 billion 2025/5/29 May 29, 2025 第88回普通社債（グリーンボンド） 88th Straight Bonds (Green Bond） 直近の調達実績（Recent Financing Results） 23
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MITSUI FUDOSAN CO., LTD. Financing Situation Management Policy 経営方針 2資金調達状況 格付の状況 Credit Rating 返済予定額 Amount Scheduled to be Repaid アウトルック Outlook 短期 Short-term ⾧期 Long-term 格付け機関 Rating Agencies 安定的 StableP-2A3ムーディーズ Moody's 安定的 Stable A-2A-スタンダード＆プアーズ Standard ＆ Poor’s 安定的 Stable -Aフィッチ・レーティングス Fitch Ratings 安定的 Stable a-1+AA- 格付投資情報センター Rating and Investment Information (R&I) 安定的 StableJ-1+AA 日本格付研究所 Japan Credit Rating Agency (JCR) 有利子負債残高と調達金利の推移 Interest-Bearing Debt Breakdown *2026年8月7日時点 *As of Aug. 7, 2026 495.7 511.0 309.3 310.7 195.2 246.4 172.8 91.8 151.2 179.0 190.5 129.9 129.0 60.0 138.2 48.0 40.0 160.0 60.0 68.8 163.0 0.0 100.0 200.0 300.0 400.0 500.0 600.0 700.0 FY2026 FY2027 FY2028 FY2029 FY2030 FY2031 FY2032 FY2033 FY2034 FY2035 FY2036～FY2069 ⾧期借入 /Long-term Borrowing 社債 /SB *ノンリコースローンを除く 2026年3月期末時点 *Excl. Non-recourse FY2025 十億円/Billions of Yen 2,226.2 2,287.4 2,604.6 2,906.6 3,481.1 3,623.4 3,667.2 4,048.5 4,430.4 4,416.0 4,632.5 1.22% 1.21% 1.27% 1.35% 1.21% 1.08% 1.19% 1.69% 1.80% 1.87% 1.84% 1.05% 0.96% 0.83% 0.72% 0.62% 0.64% 0.63% 0.62% 0.73% 0.79% 0.99% 2.24% 2.25% 2.66% 3.42% 3.01% 2.34% 2.37% 3.61% 3.81% 3.71% 3.45% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 0.0 500.0 1,000.0 1,500.0 2,000.0 2,500.0 3,000.0 3,500.0 4,000.0 4,500.0 5,000.0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 有利子負債(左軸) Interest-Bearing Debt (Left) 調達金利(円貨+外貨 右軸) Interest Rate (Consolidated, Right) 調達金利(円貨 右軸) Interest Rate (Japanese Yen, Right) 調達金利(外貨 右軸) Interest Rate (Foreign Currency, Right) 十億円/Billions of Yen 24
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MITSUI FUDOSAN CO., LTD. Business Situation 事業状況 3 Mitsui Fudosan Group Main Asset Classes 三井不動産の主なアセットクラス その他 Other 施設営業 Facility Operations マネジメント Management 分譲 Property Sales 賃貸 Leasing ●主に収益を上げているカテゴリ ●Main revenue-generating categories アセット マネジメント Asset Management 仲介/Brokerage プロパティ マネジメント Property Management 投資家向け・海外住宅等 To investors・Overseas housing国内住宅 （個人） Domestic housing (individuals) 個人向け To individuals 法人向け To corp. 海外住宅 （個人） Overseas housing (To individuals) 投資家向け （国内・海外） To investors (Domestic・ Overseas) 収益の源泉 Sources of Revenue 主なブランド Main Brands 主要データ *1 Key Data*1 ●● ●●● 賃料収入 Leasing Revenue リート等への分譲収入 Sales Revenue テナント企業数 Tenant Companies 約3,000社 Approx. 3,000 貸付面積*2 Leased floor space*2 3,586千㎡ 3,586K㎡ オフィス Office Buildings ●●●● 賃料収入 Leasing Revenue リート等への分譲収入 Sales Revenue テナント企業数 Tenant Companies 約2,500社 Approx. 2,500 貸付面積*2 Leased floor space*2 3,048千㎡ 3,048K㎡ 商業施設 Retail Facilities ●●●● 賃料収入 Leasing Revenue リート等への分譲収入 Sales Revenue 総延床面積 Total Floor Space 約650万㎡ Approx. 6.5 million ㎡ 総施設数*3 Total Facilities*3 89施設 Total 89 物流施設 データ センター Logistics Facilities Data Centers ● ● ● ● ● ● ● 個人・リート等への 分譲収入 Sales Revenue 賃料収入 Leasing Revenue 仲介手数料 Broker Commissions 管理費 Management Fees 仲介取扱件数*4 Number of Deals Brokered*4 36,220件 36,220 引渡戸数 Delivered Condominiums 2,747戸 2,747 units 中 高 層 住宅 Housing ●●● 引渡戸数 Delivered Detached Housing 407戸 407 units 戸 建 ● 宿泊料 Accommodation Fees 当社直営施設 Facilities Directly Operated by the Company 52施設/Total 52 約13,100室/Approx.13,100 rooms ホテル・ リゾート Hotels and Resorts ● イベント開催収入 Event revenue 飲食/物販収入 Food and beverage/ merchandise revenue 広告収入 Advertising revenue 東京ドームシティ年間来場者数（2019年度） Annual Number of Visitors to Tokyo Dome City (FY2019) 約4,000万人/Approx.40,000,000 スポーツ・ エンターテイ ンメント Sports and Entertainment *1 時点の記載がない数値は2026年3月期末時点のものです。/Values without a noted time are as of the end of FY2025. *2 転貸面積を含みます。/Includes subleased floor space. *3 既存施設および開発中の施設を含みます。/Includes existing facilities and facilities under development. *4 三井不動産リアルティグループの消去前仲介件数です。/Number of Mitsui Fudosan Realty Group brokered sales prior to eliminations. （2026年6月末時点） （As of June 30, 2026） 25
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MITSUI FUDOSAN CO., LTD. Business Office Buildings Retail Facilities Logistics Facilities Data Centers Housing (Residential Property Sales to Individuals (Domestic)) Hotels and Resorts OpportunitiesRisks ✓Heightened mindset toward human capital management ✓Need for high-specification office buildings aimed at improving work engagement and attracting talent ✓Diversification of times, places, etc. for working associated with changes in working styles ✓Expansion of corporate initiatives to achieve carbon neutrality ✓Increases in such expenditures as construction, operating, and maintenance costs ✓Impacts on project schedules due to labor shortages, etc. ✓Increasingly established consumer behavior that properly distinguishes between and uses the real and digital ✓Re-expansion of inbound demand ✓Shrinking of domestic personal consumption expenditures due to population decline and an aging society ✓Concerns about the impact of EC market growth on real retail facility sales ✓Rising construction costs due to such factors as inflation and labor shortages ✓Increased efficiency and consolidation of the logistics function in response to relocation needs from aging warehouses and growth in the e-commerce market ✓Increased labor saving and the growing need for mechanization through DX against the backdrop of labor shortages ✓Intensification of competition for land acquisition due to entry of new players ✓Overheating of leasing competition due to high-volume supply of new properties ✓Increases in such expenditures as construction, operating, and maintenance costs ✓Heightened awareness concerning housing associated with diversification of customers’ lifestyles ✓Increased use of customer sales approaches (online business negotiations, AI-use, etc.) and product planning (select housing, etc.) that emphasize cost performance and time performance ✓Focusing on environment-friendly product planning to realize a decarbonized society ✓Focusing on the stock market due to a decrease in the number of new properties and aging buildings ✓Contraction of domestic housing-related market due to population decline ✓Decline in housing-related demand due to rising interest rates and worsening business sentiment ✓Soaring housing prices due to rising construction costs, etc. ✓High evaluation of Japan’s tourism resources from home and abroad ✓Expectations for further growth in foreign visitors to Japan ✓Impacts of geopolitical risks on international and domestic travelers ✓Increase in operating costs due to upswings in various commodity prices and labor costs Competitive Advantages ✓Medium- to long-term relationships with about 3,000 tenant companies ✓WORKSTYLING members : Approx. 330,000 Number of office locations : 592 (nationwide) (WORKSTYLING 124, Partnership with STATION BOOTH/DESK 468) ✓Highly competitive property portfolio (locations, product performance, etc.) ✓Retail tenants : Approx. 2,500 , Tenant Stores : Approx. 11,600 ✓Mitsui Shopping Park members : Approx. 14.50 million ✓Customer contact points that combine digital and real facilities, such as the MSP app and &mall official online shopping site ✓Track record of advanced logistics facility development extending to 89 properties in Japan and overseas ✓Close tenant relationships that enable provision of CRE solutions and direct sales to cargo owners (Office tenants: Approx. 3,000, Retail tenants: Approx. 2,500) ✓Ability to propose logistics solutions that leverage DX ✓Condominium unit sales : Approx. 260,000 ✓Planning and development capabilities for realizing a product lineup of city center, large-scale, and redevelopment ✓Mitsui Garden Hotel members : Approx. 1,290,000 ✓Number of directly managed guest rooms: Approx. 13,100 (domestic and overseas) ✓Development of 14 hotel and resort brands meeting diverse customer needs, from luxury to lodging-focused brands Global （Europe and North America） Global （APAC） ✓Preference for high-quality properties in favorable locations due to changes in the need for real venues ✓Incorporation of the demand for “Laboratory and Office” buildings associated with the growth of the life science industry ✓Increase in business opportunities in the U.S. Sun Belt Area with continued population influx ✓Persistent inflation including building costs and continued high policy interest rates ✓Destabilization of the financial and real estate markets due to uncertainty in tariff and other policy trends ✓Expansion of demand for consumption of experiences, etc., unique to real retail facilities ✓Increase in business opportunities for each asset on the back of various factors, including economic growth, upswings in middle class and personal consumption, and the advance of urbanization ✓Changes in the need for real retail facilities associated with growth in e-commerce ✓Geopolitical risks caused by such factors as mutual tension between the United States and China ✓“Engaged in Every Asset Class,” “an Expansive Value Chain,” and “Development Capabilities Necessary for Creating Neighborhoods” ✓A History of Over 50 Years in Overseas Business ✓Promoting Localization by Recruiting and Promoting Excellent Local Employees Risks, Opportunities, and Competitive Advantages Business Situation 事業状況 3リスク・機会・競争優位性 26
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MITSUI FUDOSAN CO., LTD. Office Business Situation 事業状況 3オフィス 事業戦略 Business Strategies 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 都心を中心とする優良なオフィスポートフォリオ An excellent office portfolio centering on central Tokyo ● 「行きたくなる街」「行きたくなるオフィス」へのニーズの高まりを受けた付加価値の顕在化。 Realize added-value in response to mounting needs for offices and neighborhoods that people want to visit. ● ミクストユースの街づくりを進め、街全体で差別化。 Differentiate entire cities by promoting the creation of mixed-use neighborhoods. ● テナント企業に寄り添ったソリューション提案、サービスメニューを強化。 働く場の選択肢を高め、 顧客ごとに最適なワークスタイルを提供。 Strengthen solution proposals and service menus tailored to tenant companies; provide optimal workstyles for each customer by increasing workplace options. テナント リレーション Tenant Relations 約4,864億円 Approx. ￥486.4 billion 賃貸収益 Leasing Revenue 貸付面積 Leased Floor Space 貸付面積首都圏比率 Leased Floor Space Tokyo metropolitan area Ratio 約3,586千㎡ Approx. 3,586 K ㎡ 約90％ Approx. 90 ％ （2026年3月期:連結） （FY2025;Consolidated） （2026年3月期:連結） （FY2025; Consolidated) （2026年3月期:単体） （FY2025; Non-consolidated) 東京駅 Tokyo Sta. 有楽町駅 Yurakucho Sta. 日本橋駅 Nihonbashi Sta. 新日本橋駅 Shin-Nihombashi Sta. 三越前駅 Mitsukoshimae Sta. 東京ミッドタウン日比谷 TOKYO MIDTOWN HIBIYA 八重洲二丁目中地区 Yaesu 2-Chome Central District Project 東京ミッドタウン八重洲 TOKYO MIDTOWN YAESU 日本橋髙島屋三井ビルディング Nihonbashi Takashimaya Mitsui Building 日本橋一丁目1・2番地区 Nihonbashi 1-Chome 1, 2 District Project 日本橋室町三井タワー Nihonbashi Muromachi Mitsui Tower 2026年度以降の新規プロジェクト （当社関連） New projects since FY2026 (Involving Mitsui Fudosan) その他保有物件 Other Group-owned properties HIBIYA CROSSPARK 日本橋室町一丁目地区 Nihonbashi Muromachi 1-Chome District Project Otemachi One 東京ミッドタウン日本橋 TOKYO MIDTOWN NIHONBASHI 日本橋一丁目東地区 Nihonbashi 1-Chome East District Project 13% 10% 8% 8% 6% 5%5%4% 3% 3% 3% 3% 29% 2026年3月末時点 （As of Mar.31, 2026) 当社単体テナント 業種別 割合 Tenant Composition by Industry (Non-Consolidated) 平均契約期間 （2026年3月期:単体） Average Contract Duration (FY2025; Non-consolidated) 5.1年 5.1 years ■2年以下/Up to 2 years 14％ ■2年超-5年以下 /Over 2 years to 5 years or less 49％ ■5年超/Over 5 years 37％4.1 4.5 4.8 4.9 4.9 5.0 5.2 5.1 2018 2019 2020 2021 2022 2023 2024 2025 オフィス平均契約年数の推移 Trends in Average Office Contract Duration ■IT・Web ■コンサルティング/Consulting ■建設・建築/Construction ■金融業界/Finance ■不動産/Real estate ■商社/Trading ■飲食/Food & Beverage ■医療・福祉/Medical and welfare ■小売・卸売/Retail & Wholesale ■機械/Machinery ■人材/HR ■資材・素材/Materials & Raw Materials ■その他/Other 27
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MITSUI FUDOSAN CO., LTD. Office Business Situation 事業状況 3オフィス 空室率の推移 Vacancy Rate 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 03/6, 03/8 8.57% 07/11 2.49% 12/6 9.43% 13/3 8.56% 14/3 6.70% 15/3 5.30% 16/3 4.34% 17/3 3.60% 18/3 2.80% 19/3 1.78% 20/3 1.50% 21/3 5.42% 22/3 6.37% 23/3 6.11% 24/3 5.47% 25/3 3.86% 26/3 2.22% 26/6 1.99% 03/9 5.8% 06/6 0.9% 07/6 0.9% 13/3 3.8% 14/3 3.3% 14/9 5.9% 15/3 3.2% 16/3 2.6% 17/3 3.4% 18/3 2.2% 19/3 1.7% 20/3 1.9% 21/3 3.1% 22/3 3.2% 24/3 2.2 26/3 1.6% 25/3 1.3 26/6 0.9％ 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 03/3 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 国内 Domestic 14物件 14 properties 空室率 （2026年6月末時点） Vacancy Rate （As of June 30, 2026） 0.9% 今後の開発パイプライン Future Development Pipeline 都心5区（資料:三⿁商事） Central Tokyo 5 Wards（Source: Miki Shoji） 当社（首都圏・単体） Mitsui Fudosan（Tokyo metropolitan area; non-consolidated） 海外 Overseas 10物件*1 10 properties*1 （2026年3月末時点） （As of Mar. 31, 2026） 主な新規プロジェクト/Major New Projects 海外プロジェクト/Overseas projects *1 非開示物件を含みます。 *1 Includes undisclosed properties. *2 竣工年度および延床面積は今後変更となる可能性があります。プロジェクト名は仮称を含みます。 *2 Each FY completed, total floor space may change in the future. Some project names are tentative. 延床面積*2 Total Floor Space*2 プロジェクト名*2 Project name*2 所在 Location 竣工年度*2 FY Completed*2 ㎡ -約 ≈ 中野M-SQUARE Nakano M-SQUARE 東京都中野区 Nakano-ku, Tokyo 2026 ㎡386,700約 ≈ 東京ミッドタウン日本橋 TOKYO MIDTOWN NIHONBASHI 東京都中央区 Chuo-ku, Tokyo ㎡28,000約 ≈ 日本橋本町三井ビルディング & forest Nihonbashihoncho Mitsui Building & forest 東京都中央区 Chuo-ku, Tokyo ㎡38,000約 ≈Innovation Square Phase III 米国、ボストン Boston, U.S. ㎡18,000約 ≈ 日本橋本町一丁目5番街区 Nihonbashihoncho 1-chome District 5 Project 東京都中央区 Chuo-ku, Tokyo 2027 ㎡24,000約 ≈South Molton Triangle英国、ロンドン London, U.K. ㎡70,000約 ≈55 Pitt Street豪州、シドニー Sydney, Australia 延床面積*2 Total Floor Space*2 プロジェクト名*2 Project name*2 所在 Location 竣工年度*2 FY Completed*2 ㎡22,100約 ≈ 博多新三井ビル建替計画 Hakata Shin-Mitsui Building Redevelopment Plan 福岡県福岡市 Fukuoka, Fukuoka 2028以降 2028 or later ㎡18,000約 ≈ 西新橋一丁目6番計画 Nishishinbashi 1-chome District 6 Project 東京都港区 Minato-ku, Tokyo ㎡389,290約 ≈ 八重洲二丁目中地区 Yaesu 2-Chome Central District Project 東京都中央区 Chuo-ku, Tokyo ㎡186,900約 ≈ 高輪三丁目品川駅前地区 Takanawa 3-chome Shinagawa Ekimae District Project 東京都港区 Minato-ku, Tokyo ㎡98,570約 ≈ 田町駅西口駅前地区 Tamachi Station West Exit Ekimae Area District Project 東京都港区 Minato-ku, Tokyo ㎡270,000約 ≈ 内幸町一丁目北地区 Uchisaiwaicho 1-Chome North District Project 東京都千代田区 Chiyoda-ku, Tokyo ㎡115,470約 ≈ 日本橋室町一丁目地区 Nihonbashi Muromachi 1-Chome District Project 東京都中央区 Chuo-ku, Tokyo ㎡78,330約 ≈ 日本橋一丁目1・2番地区 Nihonbashi 1-Chome 1, 2 District Project 東京都中央区 Chuo-ku, Tokyo ㎡274,000約 ≈ 日本橋一丁目東地区 Nihonbashi 1-chome East District Project 東京都中央区 Chuo-ku, Tokyo ㎡ -約 ≈ 築地地区 Tsukiji District Project 東京都中央区 Chuo-ku, Tokyo ㎡ -約 ≈ 神宮外苑地区 Jingu Gaien District Project 東京都港区・新宿区 Minato-ku, shinjuku-ku, Tokyo ㎡44,600約 ≈1-5 Earl Street英国、ロンドン London, U.K. ㎡97,000約 ≈ 大英図書館再開発事業 British Library Redevelopment Project 英国、ロンドン London, U.K. 資料:三⿁商事 /Source: Miki Shoji 28
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MITSUI FUDOSAN CO., LTD. Office（Topics） オフィス（トピックス） 主要セグメント Main segments 東京ミッドタウン日本橋 東京ミッドタウン日本橋 TOKYO MIDTOWN NIHONBASHI TOKYO MIDTOWN NIHONBASHI 八重洲二丁目中地区第一種市街地再開発事業 八重洲二丁目中地区第一種市街地再開発事業 Yaesu 2-Chome Central District Category 1 Urban Redevelopment Project Yaesu 2-Chome Central District Category 1 Urban Redevelopment Project 48F-51F Residential facility 40F-47F Hotel 10F-38F Office 7F-8F Business support facility 5F-7F MICE B1F-4F Retail facility Completion in Sep. 2026 (planned) 40F-43F Serviced Apartments 3F-38F Office 3F-6F Theater B1F-3F Retail facility B2F-B1F Bus terminal TOKYO MIDTOWN YAESU Zone CZone BZone A Approx. 167,486 ft2 (15,560 m2) Approx. 22,174 ft2 (2,060 m2) Approx. 14,747 ft2 (1,370 m2)Site Area Approx. 4,034,314 ft2 (374,800 m2) Approx. 71,042 ft2 (6,600 m2) Approx. 57,049 ft2 (5,300 m2)Total Floor Area 52 floors above ground, 5 floors below ground, 7 floors above ground, 2 floors below ground 4 floors above ground, 2 floors below groundNumber of Floors Approx. 284 mApprox. 32 mApprox. 33 mHeight ・The first phase of the Nihonbashi River redevelopment project, comprising a large-scale mixed-use complex positioned to serve as a new landmark. ・Office space is fully leased. Overall development is scheduled to commence operations in autumn 2027. Completion in Jan. 2029 (planned) ・A large-scale mixed-use development directly connected to surrounding facilities, including TOKYO MIDTOWN YAESU. ・Mitsui Fudosan’s leasing capabilities and ability to plan and provide various physical features and soft services, etc. have led to multiple tenant contracts at ¥100,000/month per tsubo. Approx. 210,542 ft2 (19,560 m2)Site Area Approx. 4,190,282 ft2 (389,290 m2)Total Floor Area 43 floors above ground, 3 floors below groundNumber of Floors Approx. 227 mHeight Zone A 3F-4F International school Zone B Zone C TOKYO MIDTOWN NIHONBASHI Business Situation 事業状況 3 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 29
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MITSUI FUDOSAN CO., LTD. 125WORKSTYLING 593 468STATION WORKとの提携 Partnership with STATION WORK Shared Office Business Situation 事業状況 3シェアオフィス 新しい働き方を実現するサービス 法人向けシェアオフィス WORKSTYLING Services for Realizing New Working Styles: Corporate Shared Offices “WORKSTYLING” 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 ワークスタイリング FLEX 法人向けサービスオフィス Corporate service office WORKSTYLING FLEX ワークスタイリング SHARE 法人向け多拠点型サテライトオフィス Multi-site satellite office for corporations WORKSTYLING SHARE ワークスタイリング SOLO 個室特化型 WORKSTYLING SOLO Private room only type 在宅勤務 Work From Home 拠点型 オフィス Site-based office 会員数 Members 約33万人 Approx. 330,000 会員企業数 Member Companies 約1,400社 Approx. 1,400 全国拠点数 / Nationwide Sites ●SHARE LOUNGEおよびRISE-Aとの共同モデル拠点の開設。ワークスタイリングとして空港施設内に初出店。 Opening of a joint-model hub with SHARE LOUNGE and RISE-A. This marks WORKSTYLING’s first location within an airport facility. ワークスタイリングとカルチュア・コンビニエンス・クラブ株式会社が展開する 「SHARE LOUNGE」が連携する共同モデルをベースに、RISE-Aが会員向けの サービスオフィスとコミュニティ機能を組み合わせた拠点を新千歳空港内に開設。 Based on a collaborative model linking WORKSTYLING and “SHARE LOUNGE” operated by Culture Convenience Club Co., Ltd., RISE-A has established a member-focused hub within New Chitose Airport that combines serviced office and community functions. 札幌 Sapporo 近畿圏 Kinki area 広島 Hiroshima 仙台 Sendai 名古屋 Nagoya 福岡 Fukuoka 首都圏 Tokyo metropolitan area 宮崎 Miyazaki 熊本 Kumamoto 和歌山 Wakayama 新潟 Niigata 中央線 /Chuo Line 山手線 Yamanote Line 東海道線 /Tokaido Line 東京駅 Tokyo Station WORKSTYLING 125拠点の分布 /Distribution of 125 WORKSTYLING sites 首都圏 Tokyo metropolitan area 近畿圏 Kinki area その他エリア Other areas 97拠点/Sites 12拠点/Sites 16拠点/Sites 首都圏*2の拠点/Sites in Tokyo metropolitan area*2 *2 1都3県（東京、神奈川、千葉、埼玉） *2 Tokyo and 3 prefectures (Kanagawa, Chiba, Saitama) 都心３区（オフィス集積エリア） 3 wards of central Tokyo (office aggregation area) 拠点 Sites28 都心３区外（ターミナル・住宅近傍エリア） Outside 3 wards of central Tokyo (Terminal/residential vicinity area) 拠点 Sites69 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 4/2018 4/2019 4/2020 4/2021 6/2026 会員数の推移 Trends in Number of Members 人 member 約22倍 Approx. 22 times 30
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MITSUI FUDOSAN CO., LTD. Life Science Business Business Situation 事業状況 3ライフサイエンス事業 ライフサイエンス分野の取り組み Initiatives in the Field of Life Sciences 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 ■事業方針 / Business Policy 2016年、アカデミア有志と共にライフサイエンスに関する一般社団法人「LINK-J」を設立。 「コミュニティの構築」「場の整備」「資金の提供」を通じて、ライフサイエンス領域におけるイノベーション創出を 支援し、新たな需要の創造を目指す。 In 2016, Mitsui Fudosan, together with volunteers from academia, established LINK-J, a general incorporated association for life sciences. LINK-J supports the creation of innovation in the life sciences through the building of communities, the development of places and the provision of funds, The aim is to create new demand.●コミュニティの構築 / Building Communities 一般社団法人「LINK-J」と連携し、ライフサイエンス 領域での「オープンイノベーションの促進」と 「エコシステムの構築」を目的とした「交流・連携」 および「育成・支援」事業を推進 In cooperation with the general incorporated association LINK-J, we promote "interact and cooperate" and provide "foster and support" projects aimed at "promoting open innovation" and "building an ecosystem" in the life science domain. 1,254 times Number of events in 2025 Changes in membership 102 320 450 612 854 955950 1,041 0 200 400 600 800 1,000 1,200 ●場の整備 / Developing Sites 12 buildings Number of life science buildings (Nihonbashi area) 251 organizations （As of the end of Jun. 2026） Number of life science– related Company tenants (Tokyo and Osaka areas) Lab & Office : Positioned for growth under "& INNOVATION 2030," expanding globally. Japan:11properties* *Including sold and planned properties Mitsui Link Lab Toyocho 1 (Tentative name) British Library Redevelopment Project Overseas:6 properties* ●資金の提供 / Providing Capital ベンチャーキャピタルが組成するライフサイエンス分野の企業を投資対象としたファンドへの LP投資を実行 Executing LP investments in venture capital funds that invest in companies in the life sciences sector. Building Communities Developing Sites Providing Capital 31
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MITSUI FUDOSAN CO., LTD. Retail Facilities Business Situation 事業状況 3商業施設 事業戦略 Business Strategies 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 総テナント数（2026年3月期） Total Tenants (FY2025) 約2,500社 Approx. 2,500 固定賃料と変動賃料比率/Ratio of Fixed & Sales-Linked Rent by Category 2026年3月期(単体) /FY2025 (Non-consolidated) 出店分布（ららぽーと・三井アウトレットパーク） Store Distribution （LaLaport/MITSUI OUTLET PARK) 商業施設、スポーツ・エンターテインメント、EC等の各種サービスを組み合わせた、唯一無二の オムニチャネル基盤を構築。顧客ごとの新たな体験価値を創出する。 ● Build a one-of-a-kind omni-channel platform that combines various services, including retail facilities, sports and entertainment, and e-commerce; create new experiential value by customer. これまでの事業を通じて培ったリレーションを活かし、出店者・ビジネスパートナーの事業課題を 解決するサービスを提供。 ● Leverage relationships cultivated to date through business activities and provide services to resolve business issues for retail tenants and business partners. 「商業施設デベロッパー」から「コマーシャル・サービス・プラットフォーマー」への進化を目指し、幅 広く価値提供することにより、収益源を多様化、ビジネスモデル革新を図る。 ● Work to evolve from a retail facility developer to a commercial service platform provider; diversify revenue sources and innovate business models by providing a wide range of value. テナントとの厚いリレーション Stable Relationships with Tenant Companies 総出店店舗数（2026年3月期） Total No. of Stores Opened (FY2025) 約11,600店舗 Approx. 11,600 施設売上 Facility Revenue 約1.9兆円 Approx. ￥1.9 trillion 日本・アジアに広がる施設ポートフォリオ Facility Portfolio Spanning Japan and Asia （2026年3月期:連結） (FY2025; Consolidated) 賃貸収益 Leasing Revenue 約3,349億円 Approx.￥334.9 billion （2026年3月期:連結） (FY2025; Consolidated) 貸付面積 Leased Floor Space 約3,048千㎡ Approx. 3,048 K ㎡ （2026年3月期:連結） (FY2025; Consolidated) 会員数 Members 約1,450万人 Approx. 14.50 million （2026年3月末時点） (As of Mar. 31, 2026) 国内22施設 22 domestic facilities 国内14施設 14 domestic facilities 76% 64% 88% 76% 24% 36% 12% 24% 0% 20% 40% 60% 80% 100% ららぽーと LaLaport アウトレット Outlet その他 Other 全施設計 All Facilities 固定賃料/Fixed rent 変動賃料/Sales-linked rent 32
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Retail Facilities 主要セグメント Main segments MITSUI FUDOSAN CO., LTD. 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 56% 24% 9% 11% 20252024202320222021202020192018201720162015 施設売上の比率・推移 Proportion/Trends in Facility Revenue 国内 Domestic 8物件 8 properties 今後の開発パイプライン Future Development Pipeline 海外 Overseas 2物件*2 2 properties*2 （2026年3月末時点） （As of Mar. 31, 2026） 施設種別ごとの 売上比率 Facility Revenue Ratio by Category -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 当社施設（国内）売上高前年同期対比 /Mitsui Fudosan: Year-on-Year Change in Domestic Facility Revenue ららぽーと（既存施設）＋アウトレット（既存施設 *増床含む） LaLaport (Existing facilities) & Outlet Park (Existing facilities *Includes expansion of existing facilities) 年度 /FY 2026年3月期(単体) FY2025 (Non-consolidated) 主な新規プロジェクト/Major New Projects 海外プロジェクト/Overseas projects *1 開業年度および面積は今後変更となる可能性があります。プロジェクト名は仮称を含みます。 *1 FY of opening and floor space may change in the future. Some project names are tentative. *2 非開示物件を含みます。 *2 Includes undisclosed properties. 店舗面積(延床面積)*1 Store Floor Space (Total Floor Space)*1 プロジェクト名*1 Project name*1 所在 Location 開業年度*1 FY Opened*1 ㎡60,200約 ≈ ららぽーとTOKYO-BAY 北館(建替え) 2期 LaLaport TOKYO-BAY North Wing （Reconstruction）(Phase2) 千葉県船橋市 Funabashi, Chiba 2027以降 2027 or later ㎡）（117,800約 ≈ (仮称) 三井アウトレットパーク 福岡 (Tentative) MITSUI OUTLET PARK FUKUOKA 福岡県福岡市 Fukuoka, Fukuoka ㎡）（117,000約 ≈ 府中市朝日町商業施設計画 Fuchu-shi Asahicho Project 東京都府中市 Fuchu, Tokyo ㎡70,000約 ≈ ららぽーと高雄 LaLaport KAOHSIUNG 台湾、高雄市 Kaohsiung City, Taiwan 延床面積*1 Total Floor Space*1 プロジェクト名*1 Project Name*1 所在 Location 開業年度*1 FY Opened*1 ㎡ -約 ≈ 中野M-SQUARE Nakano M-SQUARE 東京都中野区 Nakano-ku, Tokyo 2026 ㎡386,700約 ≈ 東京ミッドタウン日本橋 TOKYO MIDTOWN NIHONBASHI 東京都中央区 Chuo-ku, Tokyo ㎡389,290約 ≈ 八重洲二丁目中地区 Yaesu 2-Chome Central District Project 東京都中央区 Chuo-ku, Tokyo 2027以降 2027 or later ㎡270,000約 ≈ 内幸町一丁目北地区 Uchisaiwaicho 1-Chome North District 東京都千代田区 Chiyoda-ku, Tokyo ㎡ -約 ≈ 築地地区 Tsukiji District Project 東京都中央区 Chuo-ku, Tokyo ㎡ -約 ≈ 神宮外苑地区 Jingu Gaien District Project 東京都港区・新宿区 Minato-ku, shinjuku-ku, Tokyo 大規模複合物件プロジェクト/Mixed-use development projects 店舗面積 Store Floor Space 物件名 Project name 所在 Location 実施時期 Execution Period ㎡79,000約 ≈ ラゾーナ川崎プラザ LAZONA Kawasaki plaza 神奈川県川崎市 Kawasaki, Kanagawa 2026以降 2026 or later ㎡69,000約 ≈ ららぽーと豊洲 LaLaport TOYOSU 東京都江東区 Koto-ku, Tokyo ㎡42,020約 ≈ ららぽーと柏の葉 LaLaport KASHIWANOHA 千葉県柏市 Kashiwa, Chiba ㎡93,000約 ≈ ららぽーと横浜 LaLaport YOKOHAMA 神奈川県横浜市 Yokohama, Kanagawa 大規模リニューアル物件/Large-scale renewal projects 944億円 /¥94.4 B ラゾーナ川崎プラザ LAZONA Kawasaki plaza3位/3rd 690億円 /¥69.0 B 三井アウトレットパーク木更津 MITSUI OUTLET PARK KISARAZU5位/5th 627億円 /¥62.7 B ららぽーとTOKYO-BAY LaLaport TOKYO-BAY8位/8th 610億円 /¥61.0 B 三井アウトレットパークジャズドリーム⾧島 MITSUI OUTLET PARK JAZZDREAM NAGASHIMA 9位/9th 2024年度:全国主要SC売上高ランキング 上位10施設中４施設が当社所有施設 / FY2024:National Commercial Sales Ranking 4 out of the Top 10 Facilities Owned by Mitsui Fudosan 商業施設 Business Situation 事業状況 3 *当社施設のみ抜粋/Excerpt from our facilities only （資料:繊研新聞 2025年8月13日付） Source: SENKEN SHIMBUN, August 13, 2025 Edition 33
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MITSUI FUDOSAN CO., LTD. Logistics Facilities・ Data Centers Business Situation 事業状況 3物流施設・データセンター 事業戦略 Business Strategies 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 展開エリア Business Development Area ●周辺企業との協業強化、顧客企業をはじめとするコミュニティの構築を通じ、 「インダストリアルプラットフォーマー」へと進化。 Further evolve as an industrial platformer by strengthening collaboration with tangential companies and building a community including client companies. ●MFLP・MFIPブランドの多角化、コンサルティングなどの各種ソリューション提案やGX対応を通じ、 物流倉庫内での課題解決のみならず、サプライチェーン全体への貢献を目指す。 Contribute not only to solving issues within logistics warehouses, but also across the entire supply chain by diversifying the MFLP and MFIP brands, putting forward various solution proposals, including consulting, and addressing GX.優良なポートフォリオ An Excellent Portfolio 計89物件 Total 89 properties 施設数 Number of Properties 累計総投資額 Cumulative Investment 約1兆4,500億円 Approx. ¥1.45 trillion 当社過去開発物件を含む累計 Cumulative totals including properties previously developed by the Company 国内外の開発・運営施設数 Facilities under development or operation in Japan and overseas 当社保有・稼働中国内施設（ML含む） Domestic facilities owned and in operation （Including master leases） 総延床面積 Total Floor Space 約650万㎡ Approx. 6.5 million ㎡ 計19物件 Total 19 properties 施設数 Number of Properties 総延床面積 Total Floor Space 約230万㎡ Approx. 2.3 million ㎡ 89Overall全体 70Domestic国内 42Tokyo metropolitan area首都圏 5Chukyo area中京圏 9Kinki area近畿圏 3Kyushu area九州圏 11Otherその他 19Overseas海外 4U.S.米国 3U.K.英国 12APACAPAC ＊上記の国内70物件（物流施設62物件、データセンター8物件）に、 海外19物件(米国・英国・APAC)を加えた全89物件が当社開発・運営施設 *The above 70 domestic properties (62 logistics facilities and 8 data centers) and 19 overseas properties (in the U.S., U.K., and APAC) comprise a total of 89 properties developed and operated by our company. 34
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MITSUI FUDOSAN CO., LTD. Logistics Facilities・ Data Centers Business Situation 事業状況 3物流施設・データセンター 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 厚い荷主ネットワーク Stable Owner Network 国内 Domestic 11物件＊1 11 properties*1 今後の開発パイプライン Future Development Pipeline 海外 Overseas 13物件*1 13 properties*1 （2026年3月末時点） （As of Mar. 31, 2026） 主な新規プロジェクト（物流施設）/Major New Projects（Logistics Facilities) *1 非開示物件を含みます。 *1 Includes undisclosed properties. *2 竣工年度および延床面積は今後変更となる可能性があります。プロジェクト名は仮称を含みます。 *2 Each FY completed, total floor space may change in the future. Some project names are tentative. 海外プロジェクト/Overseas projects 延床面積*2 Total Floor Space*2 プロジェクト名*2 Project name*2 所在 Location 竣工年度*2 FY Completed*2 ㎡40,000約 ≈ MFIP 海老名 &forest MFIP EBINA &forest 神奈川県海老名市 Ebina, Kanagawa 2026 ㎡47,000約 ≈ MFLP三郷 MFLP MISATO 埼玉県三郷市 Misato, Saitama ㎡50,000約 ≈Wilson’s Lane英国、コベントリー Coventry, U.K. ㎡78,000約 ≈ MFLP・LOGIFRONT 京都八幡Ⅰ MFLP・LOGIFRONT KYOTOYAWATAⅠ 京都府八幡市 Yawata, Kyoto 2027以降 2027 or later ㎡13,000約 ≈ MFLP杉戸 MFLP SUGITO 埼玉県北葛飾郡 Kitakatsushika, Saitama ㎡211,000約 ≈ SGリアルティ・MFLP大阪加島 SG Realty・MFLP OSAKA KASHIMA 大阪府大阪市 Osaka, Osaka ㎡125,000約 ≈ （仮称）水戸ロジセンター (Tentative)MITO LOGI CENTER 茨城県ひたちなか市 Hitachinaka, Ibaraki ㎡162,000約 ≈ MFLP・LOGIFRONT 京都八幡Ⅱ MFLP・LOGIFRONT KYOTOYAWATAⅡ 京都府八幡市 Yawata, Kyoto ㎡23,600約 ≈Subang MRO & Logistics Facilityマレーシア、スバン Subang, Malaysia ㎡ -約 ≈Heathrow Central Way英国、ヒースロー Heathrow,U.K. ㎡ -約 ≈Hardwick Grange英国、ウォリントン Warrington,U.K. 事業拡大の実績 Business Expansion オフィステナント数 （2026年3月期末時点） Office Tenants（FY2025） 約3,000社 Approx. 3,000 商業施設テナント数 （2026年3月期末時点） Retail Tenants（FY2025） 約2,500社 Approx. 2,500 延床面積*2 Total Floor Space*2 プロジェクト名*2 Project name*2 所在 Location 竣工年度*2 FY Completed*2 未定 TBD 相模原データセンター計画 Sagamihara Data Center Project 神奈川県相模原市 Sagamihara, Kanagawa2026 ㎡85,100約 ≈CapitaLand DC Mumbaiインド、ムンバイ Mumbai, India 未定 TBD 日野データセンター計画 Hino Data Center Project 東京都日野市 Hino-Shi, Tokyo 2027以降 2027 or later 未定 TBD データセンター計画 Data Center Project 関西エリア Kansai Area ㎡43,500約 ≈CapitaLand DC Hyderabadインド、ハイデラバード Hyderabad, India ㎡43,700約 ≈CapitaLand DC Chennaiインド、チェンナイ Chennai, India 主な新規プロジェクト（データセンター）/Major New Projects（Data centers) 7 9 13 22 15 19 20 24 26 23 29 36 42 47 49 7 9 13 16 20 24 27 31 34 40 40 0 20 40 60 80 0 100 200 300 400 500 600 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 9物件/ properties 13 物件/ properties 22 物件/ properties 22 物件/ Properties 約200万 ㎡ Approx. 2.0Mil. ㎡ 28 物件/ properties 33 物件/ properties 40 物件/ properties 46 物件/ properties 47 物件/ properties 56 物件/ properties 67 物件/ properties 76 物件/ properties 89 物件/ Properties 約650万 ㎡ Approx. 6.5Mil. ㎡ 7物件/ Properties 約80万 ㎡ Approx. 0.8Mil. ㎡ ロジスティクス・データセンター 事業開始 Logistics・Data centers Business started 三井不動産ロジスティクスパーク投資法人 設立 Mitsui Fudosan Logistics Park Inc. established （10,000㎡） （物件） （Property） 当社保有・開発中（右軸） Owned and under development (right axis) 売却済（右軸） Sold (right axis) 総延床面積（左軸） Total floor space (left axis) 87 物件/ properties (2026年6月末時点 As of June 30, 2026) 35
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MITSUI FUDOSAN CO., LTD. Residential Property Sales to Individuals（Domestic） Business Situation 事業状況 3国内住宅分譲 事業戦略 Business Strategies 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 計上予定戸数と進捗状況 Planned Units to be Recorded and Progress 契約進捗率 Contract Progress Rate マンション契約計上戸数 Number of Condominium Contracts Booked 83％ 2,350戸 2,350 units 2027年3月期:通期予想 FY2026, Full-year Forecast ●グループソリューション力を生かした事業機会獲得 Gain business opportunities by making use of collective solution capabilities of group ●高額物件、大規模物件、短期回転型物件、 賃貸マンション等の幅広い商品ラインナップの展開 Roll out wide range of products, including high-grade condominiums, large-scale developments, short-turnover properties, rental condominiums, etc. 住宅分譲 営業利益・営業利益率の推移 Residential Property Sales to Individuals Operating Income and Operating Margin マンション計上戸数、完成在庫、平均販売価格の推移 Condominiums – Trend of Units booked , Year-End Inventories , and Average Sales Price 23.9 30.6 31.1 26.6 29.6 40.0 24.0 39.3 49.7 96.4 112.0 65.0 8.1 9.7 11.3 9.3 11.0 12.3 9.8 14.6 15.8 23.3 25.5 21.0 0.0 5.0 10.0 15.0 20.0 25.0 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 0.0 20.0 40.0 60.0 80.0 100.0 120.0 4,391 5,200 3,707 3,283 3,194 3,775 3,208 3,196 3,280 3,693 2,747 2,350 88 321 108 141 128 150 82 55 24 32 36 57.7 53.3 66.6 76.8 73.9 76.8 64.4 73.7 85.5 102.2 145.9 114.8 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0 140.0 150.0 0 1,000 2,000 3,000 4,000 5,000 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 営業利益（左軸） Operating income (Left) 営業利益率（右軸） OP margin (Right) 十億円 Billions of yen 予想 (Forecast) 戸 Units 百万円 Millions of yen 予想 (Forecast) % 計上戸数（左軸） Unit booked (Left) 平均販売価格（右軸） Average sales price (Right) 期末完成在庫戸数（左軸） Year-end inventories (Left) 36
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MITSUI FUDOSAN CO., LTD. Residential Property Sales to Individuals (Domestic) 国内住宅分譲 主要セグメント Main segments 再開発を中心とした豊富なパイプライン An Abundant Pipeline Focusing Mainly on Redevelopment ブランド別売上割合 Sales by Brand 高額物件 High-grade condominiums 58% 短期回転型中小型物件 Middle-grade condominiums 22% PARK MANSION PARK COURT 大規模物件 Large-scale developments 20％ PARK TOWER PARK CITY PARK HOMES PARK LUXE 地域別売上割合 Sales by Region 関西・中部 Kansai and Chubu 8% その他・地方 Other regions 3% 26-28年度 FY2026-28 29-31年度 FY2029-31 32年度以降 FY2032 or later 豊富なランドバンク An Abundant Land Bank 首都圏 Tokyo Metropolitan Area 89% *1 2025年度末時点 三井不動産レジデンシャル実績に基づく Based on Mitsui Fudosan Residential results (FY2025) 8,800 6,800 9,000 9,00 0戸 約24,600戸*2 Approx. 24,600 units *2 計画段階の再開発事業を含む Incl. redevelopment project in the planning phase *3 計上年度、総販売戸数は今後変更となる可能性があります。プロジェクト名は仮称を含みます。 FY to be reported and total number of units sold may change in the future. Some project names are tentative. *4 シェア勘案前 The total number of units is before taking into account the Company's share. *5 地権者住戸等を含む総戸数 Total number of units including units owned by landowners, etc. *6 共同事業による建替計画（現時点でアセット詳細未定）Reconstruction plan through a joint project (details of the asset are undecided at this stage) 総販売戸数*3*4 Total No. of Units Sold*3*4 主な大規模プロジェクト・ハイエンド向けプロジェクト *3 Major large-scale projects and high-end projects*3 所在 Location 主な計上年度*3 Major FY to be Reported*3 80パークコート恵比寿*5 PARK COURT EBISU 東京都渋谷区 Shibuya-ku, Tokyo 2026 400パークシティ中野 ザ タワー エアーズ／ザ タワー ブリーズ PARK CITY NAKANO THE TOWER AIRZ/THE TOWER BREEZE 東京都中野区 Nakano-ku, Tokyo 20パークコート池田山*5 PARK COURT IKEDAYAMA 東京都品川区 Shinagawa-ku, Tokyo 50パークコート青山高樹町 ザ タワー PARK COURT AOYAMA TAKAGICHO THE TOWER 東京都港区 Minato-ku, Tokyo 670リーフシティ市川 ザ・タワー LEAF CITY ICHIKAWA THE TOWER 千葉県市川市 Ichikawa, Chiba 520パークシティ小岩 ザ タワー PARK CITY KOIWA THE TOWER 東京都江戸川区 Edogawa-ku, Tokyo 1,510THE TOYOMI TOWER MARINE&SKY 東京都中央区 Chuo-ku, Tokyo2027 360パークタワー大阪堂島浜 PARK TOWER OSAKA DOJIMAHAMA 大阪府大阪市 Osaka, Osaka 600パークタワー柏の葉キャンパス PARK TOWER KASHIWANOHA CAMPUS 千葉県柏市 Kashiwa, Chiba 650幕張ベイパーク ブルームテラスタワー MAKUHARI BAY-PARK BLOOM TERRACE TOWER 千葉県千葉市 Chiba, Chiba 640パークタワー渋谷笹塚 PARK TOWER SHIBUYA SASAZUKA 東京都渋谷区 Shibuya-ku, Tokyo 40パークコート千代田麹町 PARK COURT CHIYODA KOJIMACHI 東京都千代田区 Chiyoda-ku, Tokyo 2028以降 2028 or later 260パークコート御茶ノ水 ザ タワー PARK COURT OCHANOMIZU THE TOWER 東京都文京区 Bunkyo-ku, Tokyo 270J.GRAN TOWER 京都向日町 J.GRAN TOWER KYOTO MUKOMACHI 京都府向日市 Muko, Kyoto 510CENTRAL GARDEN TSUKISHIMA THE TOWER東京都中央区 Chuo-ku, Tokyo 1,000若松二丁目計画*5 Wakamatsu 2-Chome Project 千葉県船橋市 Funabashi, Chiba 760パークコート麻布十番東京 ザ タワー ノース/ザ タワー サウス PARK COURT AZABUJUBAN TOKYO THE TOWER NORTH/THE TOWER SOUTH 東京都港区 Minato-ku, Tokyo 50一番町ロイアルハイツ建替え事業*5 Ichibancho Royal Heights Redevelopment Project 東京都千代田区 Chiyoda-ku, Tokyo 400勝どき東地区 B棟*5 Kachidoki East District Project, Building B 東京都中央区 Chuo-ku, Tokyo 590千住関屋計画*5 Senju Sekiya Project 東京都足立区 Adachi-ku, Tokyo 430幡ヶ谷二丁目計画*5 Hatagaya 2-Chome Project 東京都渋谷区 Shibuya-ku, Tokyo 600三河島駅前北地区*5 Mikawashima Station North District Project 東京都荒川区 Arakawa-ku, Tokyo 860東金町一丁目西地区*5 Higashikanamachi 1-Chome West District Project 東京都葛飾区 Katsushika-ku, Tokyo ーHonda青山ビル共同建替え計画*6 Joint Redevelopment Plan for the Honda Aoyama Building 東京都港区 Minato-ku, Tokyo ① ③ ④ ②① ③ ④ ② マンションブランド・地域別売上比率*1 Sales by Brand ＆Region 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 37
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MITSUI FUDOSAN CO., LTD. Property Sales to Investors, etc. Business Situation 事業状況 3投資家向け分譲等 販売用不動産 資産残高・稼働物件利回り・売却実績（2026年3月期） Real Property for Sale Outstanding Assets/Returns from Operating Properties/Sale Results（FY2025） 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 利回り *2 Yield*2 物件名 Project Name 用途 Use 売却年度 FY to be sold 2.8%Ginza 5-chome GLOBE銀座5丁目グローブRetail商業FY2021 3.5%Takeshita-dori Square竹下通りスクエアRetail商業 2.8%Iidabashi Grand Bloom飯田橋グラン・ブルームOfficeオフィス 3.3%Nakanoshima Mitsui Building中之島三井ビルディングOfficeオフィス 3.9~4.2％3 logistics facility buildings物流施設3物件Logistics物流 3.3%TOYOSU BAYSIDE CROSS TOWER 豊洲ベイサイドクロスタワーOfficeオフィスFY2022 2.7%Iidabashi Grand Bloom飯田橋グラン・ブルームOfficeオフィス 3.3~4.6％5 logistics facility buildings物流施設5物件Logistics物流FY2023 4.2%Shin-Kawasaki Square新川崎スクエアRetail商業 3.3%TOYOSU BAYSIDE CROSS TOWER 豊洲ベイサイドクロスタワーOfficeオフィス 4.7%LaLaport AICHI TOGOららぽーと愛知東郷Retail商業FY2024 3.5%Yokohama Mitsui Building横浜三井ビルディングOfficeオフィス 4.0~4.2％3 logistics facility buildings物流施設3物件Logistics物流FY2025 3.3%TOYOSU BAYSIDE CROSS TOWER 豊洲ベイサイドクロスタワーOfficeオフィス 3.2%Nihonbashi Honcho M-SQUARE 日本橋本町M-SQUAREOfficeオフィス 過去に売却した主な資産の事例 / Examples of major assets sold in the past *2 売却先にて開示された、当該物件の鑑定評価に基づく直接還元利回りを記載 *2 Describes the direct capitalization yield based on the appraisal value of the property, disclosed to the seller. 物流 Logistics 15% 賃貸住宅 Rental Housing 12% 開発中資産 Under Development 35% 国内 Domestic 43% 8% オフィス Office 7% 商業 Retail 1% その他 Other 海外 Overseas 22% 稼働資産 Operating Asset 65% 2026年3月期末簿価 Book value at the end of March 2026 1.84兆円*1 ￥1.84trillion*1 稼働資産 / Operating Asset 7.0% 期待NOI利回り Expected NOI yield 7.6%うち、国内 / Domestic 5.8%うち、海外 / Overseas *1 資産割合の内訳 / Asset breakdown 十億円 Billions of yen 38
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MITSUI FUDOSAN CO., LTD. Property Management Business Situation 事業状況 3プロパティマネジメント 貸し駐車場の運営管理(リパーク事業)、オフィス・商業・住宅等の預かり資産の運営管理など Operation and Management of Car Park Leasing (Repark), Assets in Custody (Office, Retail, Housing, etc.) 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 「三井のリパーク」は1994年のスタート以来、日本全国で駐車場事業を展開。駐車場経営のサポートを 通じて土地の有効活用を行うなど、活気ある街づくりに貢献。 In the years since it was first established in 1994, Mitsui Repark has expanded its parking business throughout Japan. We are contributing to creating neighborhoods full of vitality by making effective use of land with the support of our parking area management. リパーク駐車場管理台数推移 Car Park Leasing Track Record 約3,586千㎡ Approx. 3,586 K ㎡ 貸付面積 Leased Floor Space 貸付面積 Leased Floor Space 約3,048千㎡ Approx. 3,048 K ㎡ プロパティマネジメントの営業利益推移 Trends in Operating Income for Property Management 29.9 32.5 28.9 30.2 32.7 21.8 31.2 37.5 38.5 38.4 44.3 0 5 10 15 20 25 30 35 40 45 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 貸し駐車場（リパーク） Car Park Leasing (Repark) 191,450 210,549 226,125 245,511 268,771 273,704 251,506 250,515 247,046 247,740 252,857 100,000 150,000 200,000 250,000 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 十億円 Billions of yen 台 Units 約25万台 Approx. 250 K units 管理台数 Managed Units 運営管理委託（オフィス・商業・住宅等）（2026年3月期） Contracted Operation and Management (Office, Retail, Housing, etc.) (FY2025) （連結） （Consolidated） （連結） （Consolidated） オフィス/Office Buildings 商業/ Retail Facilities マンション分譲戸数 Condominium Units Sold 約26万戸*1 Approx. 260 K units *1 *1 1984年以降、共同事業のシェア考慮前の数値 *1 Since 1984; does not take into account sharing businesses 住宅/ Housing マンション管理戸数 Condominium Units Managed 約30万戸 Approx. 300 K units ⾧年の実績の中で培われたノウハウに加え、当社グ ループの総合力を活かしたマンション管理サービスを 提供 Our condominium management service draws on the know-how we have accumulated through years of successful operations, and the collective strengths of the group as a whole. 賃貸住宅管理戸数 Rental Housing Units Managed 約16万戸 Approx. 160 K units 建物オーナー・入居者の双方に対して、賃貸マンショ ンの運営・仲介に関するサービスを提供 We provide rental condominium operation and brokerage services for building owners and tenants. 39
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MITSUI FUDOSAN CO., LTD. Brokerage, Asset Management Business Situation 事業状況 3仲介・アセットマネジメント 個人向け仲介(リハウス事業)、REIT等のアセットマネジメントなど Brokerage for Individuals (Rehouse), Asset Management such as REITs, etc. 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 仲介・アセットマネジメントの営業利益の推移 Trends in Operating Income from Brokerage and Asset Management 22.4 21.2 19.8 23.2 22.8 18.0 25.9 25.8 27.7 33.1 36.5 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 十億円 Billions of yen *18/3期以前の数値は旧セグメント「三井ホーム」の賃貸管理における営業利益を除く。 19/3期は組み換え後の数値を基に算出 *Figures for FY2017 and earlier exclude operating income in the former segment "Mitsui Home" for rental management. In FY2018, figures were calculated based on the reclassified segments 3.47 3.61 3.73 3.92 3.98 4.35 4.59 4.65 4.72 5.12 5.31 0.00 1.00 2.00 3.00 4.00 5.00 6.00 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 兆円 Trillions of yen REIT等からの預かり資産の拡大 Expanded Assets under Custody through REITs, etc. 29% 18% 11% 7% 6% 29% 預かり資産残高・比率（2026年3月期） Assets under Management (FY2025) プライベートファンド等 Private fund, etc. オリジネーター Originator Frontier Real Estate Investment Corporation 37,827 38,612 40,658 41,533 42,818 38,507 41,183 39,106 38,680 38,103 36,220 32,000 34,000 36,000 38,000 40,000 42,000 44,000 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 件/Brokerages リハウス仲介件数推移 Trends in Number of Brokerages for Rehouse 店舗数（店） Number of stores 取扱高（十億円） Transaction volume (Billions of yen) 取扱件数（件） Transactions (Units) 手数料収入（十億円） Fee/Revenue (Billions of yen) 2692,287.936,220106.9三井不動産リアルティ Mitsui Fudosan Realty1 2292,563.533,922109.3A社/Company A2 1681,488.428,84873.2B社/Company B3 991,587.010,64362.8C社/Company C4 73771.09,26832.9D社/Company D5 売買仲介実績/Brokerage Market （ 2025年度/FY2025 ） 仲介取扱件数40年*連続No.1「三井のリハウス」 Mitsui Rehouse No.1 for 40 consecutive years*(number of brokerages handled) 資料:(株)不動産経済研究所『日刊不動産経済通信(2026.5.25)』 Source: “Fudousan Keizai Tsushin (The Real Estate Business Daily),” May 25, 2026, Real Estate Economic Institute Co., Ltd. *1986年度から2025年度まで/FY1986-FY2025 Mitsui Fudosan Logistics Park Inc. Mitsui Fudosan Accommodations Fund 40
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MITSUI FUDOSAN CO., LTD. Hotels and Resorts Business Situation 事業状況 3ホテル・リゾート 事業戦略 Business Strategies 主要セグメント Main segments 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 稼働率・ADRの推移（国内宿泊主体型ホテル） Trends in Occupancy Rate/ADR（Lodging-focused domestic hotels） ●顧客体験・提供サービスを向上することで、上質な滞在価値を提供。 さらに、ホテルのブランド力を強化することで、顧客拡大・収益拡大を実現。 Provide high-quality stay value by improving the customer experience and available services. Expand the customer base and earnings by further enhancing the brand strength of hotels. ●顧客データ活用により、パーソナライズされた滞在体験を提案、国内外の顧客層を拡大。 Propose personalized stay experiences through the use of customer data and expand the domestic and international customer bases. 優良なポートフォリオ An Excellent Portfolio 52施設 約13,100室 Total 52 Approx. 13,100 rooms 約730室 Approx. 730 rooms 13,100全体 Overall 2,100リゾート・ラグジュアリー Resorts and Luxury hotels 11,000宿泊主体型ホテル Lodging-focused hotels 6,700首都圏 Tokyo metropolitan area 1,600近畿圏 Kinki area 2,700その他 Other 当社直営施設（国内外含む） Facilities Directly Operated by the Company （Domestic and overseas） （室数/Approx. Rooms） 100室以下を四捨五入しているため合計が一致しない場合があります The totals may not add up due to rounding to the nearest 100 rooms. ●ミシュランガイドによる国内最高評価7施設中、4施設*が当社施設 4* of the 7 highest rated facilities in Japan by MICHELIN Guide are our facilities *BVLGARI HOTEL TOKYO、FOUR SEASONS HOTEL TOKYO AT OTEMACHI、 AMANEMU、HOTEL THE MITSUI KYOTO 国内宿泊主体型ホテル 稼働率（2027年3月期 第1四半期 平均） Lodging-focused domestic hotels Occupancy Rate (Average of 1Q, FY2026） 85% 主な新規プロジェクト/Major New Projects 海外プロジェクト/Overseas projects 5,000 10,000 15,000 20,000 25,000 30,000 30 40 50 60 70 80 90 100 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 （%） （円/Yen） 稼働率（左軸） Average Occupancy Rate（Left） ADR（右軸） ADR（Right） 今後の開発パイプライン Future Development Pipeline 客室数（海外を含む） No. of rooms（Including overseas） 客室数 No.of Rooms プロジェクト名 Project Name 所在 Location 開業年度 FY Opened 室 Rooms130約 ≈HOTEL THE MITSUI HAKONE 神奈川県足柄下郡 Ashigarashimo-gun， Kanagawa2026 室 Rooms 220約 ≈ 大阪市北区堂島浜二丁目計画 Osaka City Kita-ku Dojimahama 2-Chome Project 大阪府大阪市 Osaka, Osaka 室 Rooms 200約 ≈ ウォルドーフ・アストリア東京日本橋 Waldorf Astoria Tokyo Nihonbashi 東京都中央区 Chuo-ku, Tokyo 2027以降 2027 or later 未定 TBD 三浦半島油壺エリアリゾートホテル事業計画 Miura Peninsula Aburatsubo Resort Hotel Business 神奈川県三浦市 Miura，Kanagawa 未定 TBD 築地地区 Tsukiji District Project 東京都中央区 Chuo-ku,Tokyo 未定 TBD 神宮外苑地区 野球場併設ホテル計画 Jingu Gaien Area Hotel Project with an Adjacent Baseball Stadium 東京都港区 Minato-ku, Tokyo 室 Rooms180約 ≈ 敦化北路ホテル Dunhua North Road Hotel Project 台湾、台北市 Taipei City, Taiwan 41
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MITSUI FUDOSAN CO., LTD. Tokyo DomeTokyo Dome Korakuen Sta. Korakuen Sta. LaQua area LaQua area Attractions area Attractions area Prism HallPrism HallKorakuen Hall Building Korakuen Hall Building Yellow Building Yellow Building Tokyo Dome Hotel Tokyo Dome Hotel IMM THEATERIMM THEATER MEETS PORT area MEETS PORT area Kasuga Sta.Kasuga Sta. Suido- Bashi Sta. Suido- Bashi Sta. Tokyo Dome Korakuen Sta. LaQua area Attractions area Prism HallKorakuen Hall Building Yellow Building Tokyo Dome Hotel IMM THEATER MEETS PORT area Kasuga Sta. Suido- Bashi Sta. 東京ドーム Tokyo Dome Arena ●東京ドームシティ事業 収益の源泉 / Tokyo Dome City Business Sources of Revenue ●大規模リニューアル / Large-scale renovation 魅力溢れる観客席の新設 Installation of attractive seating 東京ドームホテル 客室リニューアル Tokyo Dome Hotel : Guest Room Renovation ●近隣の商業施設や当社ECモールと連携した取り組みにより、 お客様の体験価値を最大化 By leveraging initiatives in collaboration with our nearby commercial facilities and our EC mall, we maximize the value of the customer experience. 東京ドームシティ来場者（FY2019） Visitors to Tokyo Dome City（FY2019） 約 4,000万人/年 Approx. 40M people/year 約 4,000万人/年 Approx. 40M people/year 東京都心の広大な敷地 Vast site in central Tokyo 約 13 ha Approx. 13 ha 約 13 ha Approx. 13 ha LaQua（商業＆アトラクション） LaQua Retail & Amusement park N Sports & Entertainment スポーツ・エンターテインメント アリーナ事業 主要セグメント Main segments (Tentative name) New Prince Chichibu Memorial Rugby Stadium (Scheduled to open in 2030) ・Revenue from events （professional baseball games and music concerts, etc.） ・Food and beverage /merchandise revenue ・Advertising revenue Tokyo DomeTokyo Dome ・Revenue from events （professional baseball games and music concerts, etc.） ・Food and beverage /merchandise revenue ・Advertising revenue Tokyo Dome ・Revenue from facility operations （attractions, hot baths, etc.） ・Retail tenant leasing revenue LaQua LaQua ・Revenue from facility operations （attractions, hot baths, etc.） ・Retail tenant leasing revenue LaQua ・Accommodation revenue ・Food and beverage revenue ・Revenue from hall use Tokyo Dome HotelTokyo Dome Hotel ・Accommodation revenue ・Food and beverage revenue ・Revenue from hall use Tokyo Dome Hotel ・Revenue from facility operations （attractions, amusement facilities, etc.） ・Retail tenant leasing revenue ・Revenue from hall use Others*Others* ・Revenue from facility operations （attractions, amusement facilities, etc.） ・Retail tenant leasing revenue ・Revenue from hall use Others* *Yellow Building, Korakuen Hall Building, Tokyo Dome City Attractions, MEETS PORT, PRISM HALL, IMM THEATER,etc. LaLa arena TOKYOーBAY (Completed in Apr. 2024) LaLaport TOKYOーBAY LaLaport NAGOYA Minato Aquls (Tentative name) Nagoya Arena (Scheduled for completion in fall 2027) Business Situation 事業状況 3 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Approx. 10,000- person capacity Approx. 10,000- person capacity ●大規模アリーナの開発パイプライン /Large-scale arena development pipeline Approx. 20,000- person capacity 外観イメージ Exterior image ラグビー利用時のイメージ Image for rugby use (Tentative name) Kubota LaLa arena Kubota, Mitsui Fudosan, and Kanden Realty & Development have entered into a basic agreement regarding the redevelopment of the former Kubota headquarters site in Naniwa Ward, Osaka. The companies will begin detailed studies on a mixed-use development centered around a multipurpose arena, with plans also including a hotel and retail facilities. Approx. 12,500- person capacity 42
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MITSUI FUDOSAN CO., LTD. U.S. ¥1.9trillion U.K. ¥0.4trillion APAC ¥0.7trillion 海外事業展開エリア At a Glance of Our Overseas Business Maple Terrace / Dallas 50&55Hudson Yards / New York Television Centre/ London MITSUI OUTLET PARK LINKOU / Taipei LaLaport TAIPEI NANGANG/ Taipei 1251 Avenue of the Americas / New York Mission Rock / San Francisco Halekulani / Honolulu RMZ Ecoworld 30 /Bengaluru Somerset Rama 9 /Bangkok 55 Pitt Street /Sydney Office Retail Housing Hotel and Resort Office Retail Office Office Office エリア別資産残高 Overseas Assets By Area 総資産 10.1 兆円 Total Assets ¥10,103 billion 海外 Overseas 3.1 兆円 ¥3.1trillion 32 %国内 Domestic 68% 2026年3月末時点 稼働物件数 Number of properties in operation as of the end of Mar. 2026 ● 当社グローバルネットワーク（現地拠点） Office Housing Office Housing Our Global Network (Local Offices) APAC Europe and the U.S. 116Office 11-Retail Facilities 115Rental Housing 104 Hotels,SA, Logistics Facilities （2026年3月期末時点） (As of the end of FY2025) Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 SA 43
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MITSUI FUDOSAN CO., LTD. 1251 Avenue of the Americas 55 Hudson Yards 50 Hudson Yards Property Name 54F/4B51F/1B58F/3BBuilding Scale Approx. 211,000 m² Approx. 133,000 m² Approx. 272,000 m² Leasable Floor Area 1970October 2018June 2022Completion Date 1251 Avenue of the Americas 50＆55 Hudson Yards 50 Hudson Yards / 55 Hudson Yards / 1251 Avenue of the Americas 米国事業のポートフォリオ Our Portfolio in the U.S. ¥1.2 trillion ❶ East Coast Approx. 60% ❷West Coast Approx. 20% ❸Sun Belt Approx.10% Others, Cash and Deposits, and Other Current Assets Approx.10% Asset Balance Breakdown by Area in the U.S. Condominiums Logistics Facilities Owning Three Prime Office Properties in NY and Others Rental Housing Over 30% Rental Housing Over 90% Office Over 50% Office ¥1 trillion Office Approx.90% Condominiums other Office Rental Housing An Area Led by Technology Companies Promoting Balance Sheet Control through Asset Repositioning ❶East Coast ❷West Coast ❸Sun Belt ●Investment Balance Breakdown by Area and Asset Type (Aggregated for completed operating properties and properties under development) A Promising Area with Corporate Concentration and Population Inflow Accelerating Investment in the Rental Housing Business ●Prime Office Portfolio in New York City's Manhattan ●The unrealized gain from these Total of 3 properties: Approx.¥900 billion Slightly less than 1/4 of the total Total Unrealized Gain from Rental Properties (Consolidated Basis) Approx. ¥3.9 trillion (As of end of FY2025) Others The historic office building located in the heart of Rockefeller Center Maintaining and enhancing its market value through continuous upgrades Maintaining a high occupancy over the long term Among the top-rated office buildings in Manhattan One of the largest mixed-use redevelopments projects in Manhattan Operating at full occupancy ●Location ●Overview 3 properties (As of the end of FY2025) An area popular among young people. A traditional area lined with landmarks. Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 44
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MITSUI FUDOSAN CO., LTD. 英国・APAC事業のポートフォリオ Our Portfolio in the U.K. and APAC ●英国事業 U.K. ●APAC事業 APAC ■1 Angel Court, London ■Sancroft, London Office Housing Retail Office February 2017 45,000㎡ 27F/2B Office Fully Leased StanhopePartner July 2023 39,000㎡ 8F/2B Office Fully Leased March 2025Opening 157,000㎡（Retail area） 6F/1B（Retail area） Approx. 300 shops The 5th Retail Facility in Taiwan February 2024 269Units 24F Frasers PropertyPartner All 269 Units Sold ■LaLaport TAIPEI NANGANG,Taiwan ■MAC, Australia 125,000㎡ 10F Office Fully LeasedOffice Floors 9F、432 units All Units SoldResidential Floors Total Assets: ¥430 billion Office Investments Balance: over 80% Total Assets: ¥760 billion Main Asset Classes Retail Facilities and Condominiums 6 office properties in operation ■Television Centre Redevelopment Project (Phase1) London’s largest-scale urban development by a Japanese company Completion Total Floor Area November 2018 Completion Total Floor Area Number of Floors Completion Total Floor Area Number of Floors Examples of Our Past Development Projects Renovation of the Existing Office Building by the Company Total Floor Area Number of Floors Number of Stores Completion Number of Floors Number of Units Taiwan 40% Australia Over 15% Singapore Over 10% Malaysia 10% Thailand Just under 10% China Cash and Other Current Assets Indonesia・ Philippines India APAC Asset Balance Breakdown by Country (As of the end of FY2025) (As of the end of FY2025) Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 45
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MITSUI FUDOSAN CO., LTD. Future Focus Areas and Assets(U.S.) 今後の注目エリア・物件（米国） ●賃貸住宅/サンベルト Rental Housing/Sun Belt ●賃貸ラボ＆オフィス/東海岸 Rental Lab & Office East Coast FY2024 FY2025 FY2026 After FY2027 Office ■Innovation Square PhaseⅢ, Boston Scheduled for completion in 2026 Schedule 32,700㎡Leased area 7F/2BNumber of Floors Torrey Heights, San DiegoReference 1 Innovation Square PhaseⅡ, Boston 100% Leased Sold in FY2023 Lab & officeBuilding Use 2021Completion 25,000㎡Leased area Lab & office （4-Building Complex） Building Use 2023Completion 47,800㎡Leased area Hanover Buffalo Bayou （Houston、TX） Total Units: 317 The Oliver （Dallas、TX） Total Units: 351 Hanover Riverwalk （Fort Lauderdale、FL） Total Units: 380 Atlanta Fort Lauderdale Houston Phoenix Nashville Dallas Denver Centennial Raleigh Accelerating Investment in the Rental Housing Business To Exceed a Cumulative Total of Approx. 7,000 Units (From FY2024 Onward) *(Including Properties under Construction) Developing 21 Properties across 9 Cities in total *Including Properties under Construction Total Investment Amount: ¥500 Billion Range (Estimated) New Supply: Just Under 1,500 Units New Supply: Over 2,000 Units New Supply: Just Under 1,500 Units New Supply: Over 2,000 Units Over 7,000 Units in Total (Cumulative) Fully Leased Before Completion To Be Fully Occupied by Vertex Pharmaceuticals, One of the World’s Leading Pharmaceutical Companies The Fourth U.S. Lab & Office Project Housing Reference 2 （As of the end of Mar. 2026) ） Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 46
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MITSUI FUDOSAN CO., LTD. 今後の注目物件（英国） Future Focus Assets(U.K.) ■（Tentative name）British Library Redevelopment Project, London ■South Molton Triangle , London British Library Redevelopment Project New A Total Project Cost: Exceeding ¥200 Billion Typical Floor Plate: Approx. 6,600 m² (≈2,000 tsubo) Construction started in 2023 Scheduled for completion in 2027 Schedule 24,000㎡Total Floor Area GrosvenorPartner Participation in a Large-Scale Mixed-Use Development Project in the Mayfair District, West End Office Scheduled for completion in 2032 Schedule 97,000㎡Total Floor Area 11F/1BNumber of Floors StanhopeDevelopment Manager British LibraryProject Partner Office South Molton Triangle New 5 Hanover Square Sancroft 1 Angel Court 1-5 Earl Street New 1 2 3 6 5 4 1 2 ●Locations of Mitsui Fudosan’s Office Properties in Central London West End City Kings Cross 1 2 3 4 5 6 ■ 1-5 Earl Street, London Scheduled for completion around 2030 Schedule 44,600㎡Total Floor Area EDGEPartner High-Performance Office in the Shoreditch Area of the City, Adjacent to the Financial District and Close to the Station Office 6 Large-Scale Mixed-Use Development: Library, Offices, and Lab & Office Functions Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 47
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MITSUI FUDOSAN CO., LTD. ●オーストラリア Australia Office ●シンガポール Singapore ●インド India ●台湾 Taiwan ■55 Pitt Street, Sydney ■RMZ Ecoworld 30, Bengaluru ■Zion Road , Singapore Housing Retail 今後の注目物件（APAC) Future Focus Areas and Assets(APAC) Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Office Participation in data center projects in major Indian cities decided （Tentative name） ■ CapitaLand DC Mumbai, Mumbai Participation in data center projects in major Indian cities decided Data CenterBuilding Use Tower1:Occupancy certificate obtained Tower2:Under developmentSchedule 85,100㎡ total for Towers 1 and 2Total Floor Area CapitaLand Investment LimitedPartner Participation in data center projects in major Indian cities decided Data Center Data Center Data Center Data CenterBuilding Use Under developmentSchedule 43,700㎡Total Floor Area CapitaLand Investment LimitedPartner Data CenterBuilding Use Under developmentSchedule 43,500㎡Total Floor Area CapitaLand Investment LimitedPartner Premium GradeGrade Scheduled for completion in 2027 Schedule 70,000㎡ Total Floor Area 55F Number of Floors Mitsui Fudosan 66.67% Mirvac 33.33% Share Large-Scale Mixed-Use Development with Over 1,000 Residential Units Leasing Progressing Smoothly as Planned 706 Condominium Units 373 Serviced Apartment Units Building Use Scheduled for completion in 2030 Schedule Two Condominium Towers（62F） One Serviced Apartment Tower （36F） Number of Floors City Development Limited Partner ■LaLaport KAOHSIUNG, Kaohsiung The Sixth Retail Facility in Taiwan Regional Shopping Center Building Use Scheduled to Open in 2027 Schedule 70,000㎡ Total Floor Area 6F/2BNumber of Floors Approx. 280 shops Number of Stores Phase 1: Fully Leased Premium GradeGrade Phase 1: Completed in 2024 Phase 2: Completion in 2026 Schedule 426,400㎡Total Floor Area Mitsui Fudosan 50%, RMZ 50%Share （Tentative name） ■ CapitaLand DC Chennai, Chennai （Tentative name） ■ CapitaLand DC Hyderabad, Hyderabad Business Situation 事業状況 3 48
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MITSUI FUDOSAN CO., LTD. 今後の開発パイプライン:米国・英国 Future Development Pipeline: U.S. and U.K. 当社オフィスの平均契約期間 Average Contract term of Our Office ●Future Development Pipeline (Number of Projects) ●Locations of Major New Projects (U.S.) ●Locations of Major New Projects (U.K.) Office LondonWarrington Heathrow 主な新規プロジェクト:オフィス・物流施設/データセンター・分譲住宅・賃貸住宅 Coventry 17.8 years 8 properties 18 properties 5 properties 600 units Office Buildings Retail Facilities Logistics Facilities /Data centers Condominiums Rental Housing Hotels and Resorts （As of the end of Mar. 2026)（Includes undisclosed properties) Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 /Major New Projects: Office, Logistics facilities, Data centers, Condominiums, Rental Housing Business Situation 事業状況 3 延床面積/総戸数*1*2 Total Floor Space or Units*1*2 プロジェクト名*1 Project Name*1 所在地 Location 用途 Use 竣工年*1 Expected Completion*1 ㎡38,000約 ≈Innovation Square Phase III米国 マサチューセッツ州 ボストン Boston, Massachusetts, U.S. オフィス Office 2026 戸 Units420約 ≈J Rivelle米国 ヴァージニア州 アーリントン Arlington, Virginia, U.S. 賃貸住宅 Rental Housing 戸 Units400約 ≈Marston Music Row米国 テネシー州 ナッシュビル Nashville, Tennessee, U.S. ㎡50,000約 ≈Wilson's Lane英国 コベントリー Coventry, U.K. 物流 Logistics Facilities ㎡24,000約 ≈South Molton Triangle英国 ロンドン London, U.K. オフィス Office 2027 以降 2027 or later ㎡97,000約 ≈ 大英図書館再開発事業 British Library Redevelopment Project 英国 ロンドン London, U.K. ㎡44,600約 ≈1-5 Earl Street英国 ロンドン London, U.K. 戸 Units260約 ≈Broderick米国 カリフォルニア州 サンディエゴ San Diego, California, U.S. 賃貸住宅 Rental Housing 戸 Units110約 ≈Modera Second Avenue米国 コロラド州 デンバー Denver, Colorado, U.S. 戸 Units240約 ≈Tanglewood米国 テキサス州 ヒューストン Houston, Texas, U.S. 戸 Units380約 ≈Astria Tempe米国 アリゾナ州 フェニックス Phoenix, Arizona, U.S. 戸 Units210約 ≈Montclair Scottdale米国 アリゾナ州 フェニックス Phoenix, Arizona, U.S. 戸 Units360約 ≈The Strand米国 ノースカロライナ州 ローリー Raleigh, North Carolina, U.S. 戸 Units420約 ≈4600 Fairfax米国 ヴァージニア州 アーリントン Arlington, Virginia, U.S. ㎡-約 ≈Heathrow Central Way英国 ヒースロー Heathrow, U.K.物流 Logistics Facilities ㎡-約 ≈Hardwick Grange英国 ウォリントン Warrington, U.K. 戸 Units350約 ≈ テレビジョンセンター再開発計画 (2期) Television Centre Redevelopment Project (Phase2) 英国 ロンドン London, U.K.分譲住宅 Condominiums 戸 Units-約 ≈Optima McDowell Mountain Village 3米国 アリゾナ州 フェニックス Phoenix, Arizona, U.S. *1 竣工年、延床面積、総戸数は今後変更となる可能性があります。プロジェクト名は仮称を含みます。 *1 Each expected completion, total floor space and total number of units may change in the future. Some project names are tentative. *2 シェア勘案前 2 The total number of units is before taking into account the Company's share. . Denver Phoenix Fort Lauderdale Boston Houston Nashville Arlington San Diego Raleigh 49
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MITSUI FUDOSAN CO., LTD. 今後の開発パイプライン:APAC Future Development Pipeline: APAC ●Future Development Pipeline (Number of Projects) ●Locations of Major New Projects （APAC） 2 properties ー 8 properties 23,000 units 2 properties 1 property （As of the end of Mar. 2026)（Includes undisclosed properties) Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Office Buildings Retail Facilities Logistics Facilities /Data centers Condominiums Rental Housing Hotels and Resorts * 戸 Units1,700約 ≈The Artonケソン Quezon City フィリピン Philippines 分譲住宅 Condo miniums 2023- 戸 Units800約 ≈ Three clusters in Jababeka Sports City*2 ブカシ県 Bekasi Province インドネシア Indonesia 戸 Units50約 ≈Narasiri Bangna km.10バンコク Bangkok タイ Thailand 2025- 戸 Units120約 ≈Burasiri Chatuchotバンコク Bangkok タイ Thailand 戸 Units590約 ≈Lentor Hills Roadアンモキオ Ang Mo Kio シンガポール Singapore2026 戸 Units880約 ≈ Treehouse ほか3棟 Treehouse and 3 other buildings シドニー Sydney オーストラリア Australia 2027 以降 2027 or later 戸 Units940約 ≈ 中和板南路プロジェクト Zong he ban nan lu Project 新北市 New Taipei City 台湾 Taiwan 戸 Units1,300約 ≈Setia Federal Hillクアラルンプール Kuala Lumpur マレーシア Malaysia 戸 Units2,400約 ≈Citra Raya*2タンゲラン Tangerang インドネシア Indonesia 戸 Units1,000約 ≈Zion Roadブキメラ Bukit Merah シンガポール Singapore 戸 Units680約 ≈Setia EcoHill*2 セランゴール Selangor マレーシア Malaysia 戸 Units730約 ≈Mahindra Blossomベンガルール Bengaluru インド India 戸 Units250約 ≈SONDRISマカティCBD Makati CBD フィリピン Philippines 主な新規プロジェクト:分譲住宅 /Major New Projects:Condominiums Taiwan (Kaohsiung,Taipei,New Taipei) Quezon,Makati CBD Bengaluru Selangor Bangkok Singapore (Ang Mo Kio, Bukit Merah) Bekasi Sydney Kuala Lumpur Tangerang Mumbai Hyderabad Chennai *1 開業年、竣工年、延床面積、店舗面積、客室数、総戸数は、今後変更となる可能性があります。プロジェクト名は仮称を含みます。分譲住宅の総戸数はシェア勘案前になります。 *1 Each expected completion or opening, total floor space, store floor space, number of rooms, and total number of units may change in the future. Some project names are tentative.The total number of condominium units for sales is before taking into account the Company's share. *2 タウンシップ型の段階開発となります。 *2 This is a township-type staged development. Business Situation 事業状況 3 面積/客室数/総戸数*1 Total Floor or Store Space/Rooms/Units*1 プロジェクト名*1 Project Name*1 所在地 Location 用途 Use 開業年/竣工年*1 Expected Completion*1 ㎡85,100約 ≈ 延床 grossCapitaLand DC Mumbaiムンバイ Mumbai インド India データセンター Data Centers 2026 ㎡70,000約 ≈ 店舗 Store ららぽーと高雄 LaLaport KAOHSIUNG 高雄市 Kaohsiung City 台湾 Taiwan 商業 Retail Facilities 2027 以降 2027 or later 室 Roo ms 180約 ≈ 敦化北路ホテル計画 Dunhua North Road Hotel Project 台北市 Taipei City 台湾 Taiwan ホテル Hotel ㎡70,000約 ≈ 延床 gross55 Pitt Streetシドニー Sydney オーストラリア Australia オフィス Office ㎡23,600約 ≈ 延床 grossSubang MRO & Logistics Facilityスバン Subang マレーシア Malaysia 物流 Logistics ㎡43,500約 ≈ 延床 grossCapitaLand DC Hyderabadハイデラバード Hyderabad インド India データセンター Data Centers ㎡43,700約 ≈ 延床 grossCapitaLand DC Chennaiチェンナイ Chennai インド India データセンター Data Centers 主な新規プロジェクト:オフィス・商業施設・物流施設/データセンター・ホテルリゾート・賃貸住宅 /Major New Projects:Office,Retail facilities,Logistics facilities,Data centers,Hotels and Resorts,Rental Housing * Includes serviced apartment buildings 50
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MITSUI FUDOSAN CO., LTD. 回転型投資モデルの加速 Accelerate the merchant development investment model ローカル化の推進 Promotion of Localization Generate added value and promptly realize profits. Strengthen cash collection and BS control endeavors. エリアや商品のバランスを図りながら、「回転型」を中心に新規取得を加速 Accelerate new acquisitions focusing largely on merchant development purchases while balancing areas and products. 付加価値を創出し利益を早期に顕在化。資金回収、BSコントロールを強化 ●50年以上の海外事業の歴史 A History of Over 50 Years in Overseas Business ●海外パートナー戦略 Overseas Partnership Strategy ●現地社員の積極的な採用・登用 Recruitment and promotion of local employees 米国 U.S. 約50年 Approx. 50 Years（1973～） 英国 U.K. 約35年 Approx. 35 Years（1990～） アジア Asia 約50年 Approx. 50 Years（1972～） *1 概数/ Approximate number 現地パートナー数*1 No. of Overseas Partners 40 FY2017 FY2025 8年間で約1.8倍 Related, Tishman Speyer, Hines米国 / U.S. Stanhope, EDGE Technologies 英国 / U.K. Hong Leong Groupシンガポール / Singapore 海外事業人員数*2 No. of Overseas business staff *２ 施設運営会社を除く / Excluding facility management companies うち現地採用 Number of local hires うち現地採用 Number of local hires Approx. 1.8 times in 8 years 250 450 FY2017 FY2025 8年間で約1.8倍 Approx. 1.8 times in 8 years 140 うち現地採用 約2.1倍 local hires Approx. 2.1 times 総人数（概算） Total(approximation) Maple Terrace（Mixed-Use） Mission Rock（Mixed-Use） 主なパートナー企業 Major Partner Companies 総人数（概算） Total(approximation) 三井不動産グループの強み Strengths of Mitsui Fudosan Group ●2つの顔を併せ持つ We have two faces (Real Estate Expertise) (financial capability) ●歴史と経験の蓄積 A wealth of history and experience （Credibility） （Network） Overseas Business 主要セグメント Main segments 海外事業 施設営業 Leasing Sales Management Facility Operations ○ ○ ○ マネジメント ○ 賃貸 分譲 Business Situation 事業状況 3 51
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MITSUI FUDOSAN CO., LTD. ● 2030年度までに40%削減（2019年度比) *1 40% reduction in Group’s GHG emissions by FY2030 (Compared to FY2019) *1 SBTイニシアティブより「1.5℃目標」認定取得済 Acquired SBT Initiative Certification for “1.5°C target” ● 2050年度までにネットゼロ *1 Net Zero by FY2050*1 *1 SCOPE1+SCOPE2は2030年度までに46.2%削減（2019年度比） *1 SCOPE1+SCOPE2: 46.2% reduction by FY2030 (Compared to FY2019) *2 ✓ 物件の環境性能向上 Improve environmental performance of properties ✓ 再エネ活用 ・ 電力グリーン化 Utilization of renewable energy and greening of electricity ✓ メガソーラー拡大 Expansion of mega-solar ✓ 建築時排出量削減、洋上風力・新技術など Reduction of emissions during construction, offshore wind & new technologies, etc 518 479 579 640 616 528 536 621 594 589 586 581 627 661 2,173 2,303 2,044 3,266 1,907 2,774 2,207 831 1,029 696 695 592 472 202 240 285 291 316 245 216 3822 0 1,000 2,000 3,000 4,000 5,000 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2030 (目標/Target） FY2050 （目標/Target） その他/Other Scope3-11:売却時排出/Emissions during sales Scope3-1, 3-2:建築時排出/Emissions during construction Scope3-13:運用時排出/Emissions during operation Scope1, 2:運用時排出/Emissions during operation 4,383 4,690 4,199 千t-CO2 1,000 t-CO2 ネットゼロ Net Zero 40％削減 40% Reduction ■脱炭素社会実現への取り組みの詳細は、当社WEBサイトを参照 https://www.mitsuifudosan.co.jp/esg_csr/carbon_neutral/ ■For details on our efforts to realize a decarbonized society, please refer to our website https://www.mitsuifudosan.co.jp/english/esg_csr/carbon_neutral/ 5,503 3,941 4,611 基準年度 Base year Climate Change and Decarbonization Sustainability Initiatives サステナビリティへの取り組み 4気候変動・脱炭素 19 % 50 % 12 % 5% 14 % 22 % 49 % 13 % 10 % 6% 17 % 49 % 14 % 14 % 7% 59 % 11 % 12 % 6% 13 % 15 % 16 % 48 % 15 % 6% 11 % 14 % 60 % 10 % 5% 当社グループの温室効果ガス排出量削減目標 Mitsui Fudosan Group's Greenhouse Gas Emission Reduction Targets 温室効果ガス排出量 進捗状況 Greenhouse Gas Emissions Progress *2 対策未実施の場合のCO2排出量 CO2 emissions without action 目標とするCO2排出量/Targeted CO2 emissions -40% -100%0t-CO2 263万t-CO2 438万t-CO2 2.63Mt-CO2 4.38Mt-CO2 （CO2排出量） （CO2 emissions） FY2019 FY2030 FY2050 ■3年平均/3-year average 増減率/Change RateFY2023 - FY2025FY2018 – FY2020 -12.5％約/Approx.4,125,000 t-CO2約/Approx.4,716,000 t-CO2 ■2019年度比/Compared to FY2019 増減率/Change RateFY2025FY2019 -12.8％約/Approx.3,822,000 t-CO2約/Approx.4,383,000 t-CO2 6% 5% 58 % 17 % 14 % 210 52
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MITSUI FUDOSAN CO., LTD. 対象エリア:全国に拡大● Target areas : Expansion to nationwide グリーン電力化対象施設:約200施設*● Green Power Target Facilities : Approx. 200 facilities* 累計供給計画量（2030年度時点）:約9.6億kWh● Planned cumulative supply (As of FY2030) : Approx. 960 million kWh 共用部分のグリーン化に加え、入居テナントの要望により対応可能な 「グリーン電力の提供サービス」を実施。2025年度より商業テナントへの導入も始まり、 契約済テナント区画数は550（2026年4月時点） ● In addition to greening the common areas, a "Green Power Supply Service" has been implemented to meet the needs of tenant requests. Starting from FY2025, implementation for Retail tenants will also begin, with 550 tenant spaces already contracted.（As of April 2026） ● 北海道の道北地方を中心に 約5,000ha の森林を保有・管理 Owns and manages approx. 5,000 ha of forests, mainly in the northern region of Hokkaido ● 当社グループの森が吸収・固定した二酸化炭素量:約21,315t-CO 2 /年* Amount of CO 2absorbed and stored by forests owned by the Mitsui Fudosan Group: Approx. 21,315 t-CO2 /year * *フォレストック協会による2023年1月1日付の認定数字 *Figures certified by FORESTOCK Association as of Jan. 1, 2023 ● 当社グループが保有する森林資源を木造物件「＆forest」へ積極的に活用 Active use of forest resources owned by the Mitsui Fudosan Group in our wooden properties, "&forest." 北海道 Hokkaido 約5,000 ha Approx. 5,000 ha 森の面積 Forest area グリーン電力化の仕組み（イメージ） Green Power Conversion System (image) 小売電気事業者 Retail Electricity Providers ● フォレストック認定を取得（2023年1月1日付） Acquired FORESTOCK certification (As of Jan. 1, 2023) フォレストック認定は、2009 年に日本林業経営者協会が創設した認定制度。 森林のCO2 吸収量や生物多様性などを第三者機関が多面的に調査、評価の上 認定するもので、現在は一般社団法人フォレストック協会が運営している認定制度です。 FORESTOCK Certification is a certification system created in 2009 by the Forest Management Association of Japan. The certification system involves a third-party organization conducting multifaceted studies and assessments on matters such as forests’ CO2 absorption and biodiversity, and is currently operated by the FORESTOCK Association. System Electricity 各要望テナント 共用部 Requested Tenants, Public area 環境価値 Environmental value Climate Change and Decarbonization Sustainability Initiatives サステナビリティへの取り組み 4気候変動・脱炭素 電 源 Power Supply 環 境 価 値 Environmental value オフィス、商業施設 等 Office Buildings, Retail Facilities, etc. 「グリーン電力化」2025年度よりさらなる拡大 Further Expansion of "Green Electrification” from FY2025 保有森林による二酸化炭素の吸収 Absorption of CO 2by Company-Owned Forest *グループ会社除く / Excluding group companies 53
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MITSUI FUDOSAN CO., LTD. The "Nihonbashi Honcho Mitsui Building & forest," Japan's largest and tallest wooden rental office building currently under construction in Nihonbashi ・現存する木造高層建築物として国内最大・最高層 To be the largest and tallest amongst existing wooden high-rise building in Japan ・構造材に使用する木材量は国内最大規模1,100 ㎥ 超えの見込み The amount of lumber used for structural materials is expected to exceed 1,100 ㎥, one of the largest in Japan ・建築時のCO 2排出量:約30％削減効果を想定 CO 2emissions during construction: Assumed reduction of approx.30% 〈日本橋本町三井ビルディング ＆forest 計画概要〉 所 在 地 :東京都中央区日本橋本町一丁目3番地 建築規模:地上18 階・約84ｍ 延床面積:約28,000 ㎡ 用 途:事務所、研究所、店舗 竣工時期:2027年1月予定 〈Outline of the Nihonbashi Honcho Mitsui building &forest〉 Location : 3, Nihonbashihoncho, Chuo-ku, Tokyo Building scale : 18 floors above ground, Approx. 84m Total floor area:Approx. 28,000㎡ Uses : Office, laboratory, Retail Completion date : Jan. 2027 (scheduled) 複数テナント型物流用途を含む施設 MFIP 海老名 ＆forest The "MFIP Ebina &forest," a multi-tenant facility including logistics purposes, currently under construction in Ebina City, Kanagawa Prefecture. ・複数テナント型の物流(マルチ型倉庫)用途を含む施設として国内で初めて、建物構造の一部に木造を採用。 また、構造材や内装材の一部には、三井不動産グループの保有林から採取したトドマツ材等を使用しています。 It is Japan’s first multi-tenant logistics facility to incorporate timber into part of its building structure. In addition, some of the structural and interior materials are made from Sakhalin fir and other timber harvested from forests owned by the Mitsui Fudosan Group. 〈MFIP海老名 ＆forest 計画概要〉 所 在 地 :神奈川県海老名市中央5丁目2番 規模構造:地上4階建て・鉄骨造一部木造 敷地面積:約19,823 ㎡ 延床面積:約40,219 ㎡ 用 途:事務所、倉庫 竣工時期:2026年6月30日 〈Outline of MFIP Ebina &forest〉 Location : 5-2, Chuo, Ebina, Kanagawa Scale and structure: 4aboveground floors, Partially wooden steel construction Site Area:Approx. 19,823㎡ Total floor area:Approx. 40,219㎡ Uses : Office and warehouses Completion date : June 30, 2026 Climate Change and Decarbonization Sustainability Initiatives サステナビリティへの取り組み 4気候変動・脱炭素 三井不動産グループの木造建築ブランド 「＆forest」 Mitsui Fudosan Group's wooden construction brand, "&forest" ・三井不動産として初めて、当社グループの保有林を含む森林における伐採・搬出から現場施工までの商流をつなぐことで、 SGECプロジェクトCoC認証 ※1を取得しました。森林資源の調達から施工に至るまで、持続可能な木材利用のトレーサビリティを 確保しています。 Mitsui Fudosan obtained SGEC Project CoC certification*1 for the first time by establishing an integrated supply chain from timber harvesting and transportation in forests, including those owned by the Mitsui Fudosan Group, through to on-site construction. This ensures traceability for the sustainable use of timber from sourcing through construction. 国内最大・最高層の木造賃貸オフィスビル 日本橋本町三井ビルディング ＆forest その他の木造オフィスビル 〈（仮称）日本橋本町一丁目５番街区 計画概要〉 所 在 地 :東京都中央区日本橋本町一丁目５番地 建築規模:地上11 階/地下1階・約56ｍ 延床面積:約18,000 ㎡ 用 途:事務所、店舗等 竣工時期:2028年2月予定 〈Outline of the Nihonbashi Honcho 1-chome 5 project（Tentative name）〉 Location : 5, Nihonbashihoncho, Chuo-ku, Tokyo Building scale : 11 floors above ground, 1 floor below ground, Approx. 56m Total floor area:Approx. 18,000㎡ Uses : Office, Retail, etc. Completion date : Feb.2028 (scheduled) 外観イメージ Exterior Rendering エントランスイメージ Entrance Rendering 専有部イメージ Tenant Space Rendering 木造共用部 内観 Exterior Rendering 木造共用部 外観 Exterior Rendering 木質化した屋内階段 Exterior Rendering ※1 SGEC／PEFC認証森林由来の木材が、加工・流通を経て建築物等のプロジェクトで使用されるまで、適切に管理・追跡されていることをプロジェクト単位で第三者が証明するCoC認証の一形態 ※1 A form of CoC certification under which a third party verifies, on a project-by-project basis, that timber sourced from SGEC/PEFC-certified forests is appropriately managed and traceable throughout processing and distribution through to its use in a construction project. 54
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MITSUI FUDOSAN CO., LTD. ポジティブ・インパクト・ファイナンス/Positive Impact Finance ●環境・社会・経済にインパクトを及ぼす企業活動について中⾧期的な目標・KPIを策定し、 金融機関から評価を受けて実行される借入 Borrowings to be implemented after evaluation by financial institutions based on medium- to long-term goals and KPIs for corporate activities that have an impact on the environment, society, and the economy. 評価テーマ: Evaluation themes 環境負荷の低減とエネルギーの創出、街づくりを通した「超スマート社会」の実現、健やか・安全・ 安心な暮らしの実現、多様な人材が活躍できる社内の実現 Reduction of environmental burden and energy generation; realization of a “super-smart society" through urban development; realization of healthy, safe, and secure lifestyles; realization of a society in which diverse human resources can play an active role. サステナビリティ・リンク・ローン/Sustainability Linked Loan ●サステナビリティ目標の達成により金利優遇を得られる借入 Borrowings with preferential interest rates based on achievement of sustainability goals. ●2024年5月にサステナビリティ・リンク・ボンドフレームワークを統合したサステナビリティ・リンク・ ファイナンス・フレームワークを策定 Sustainability Linked Finance Framework integrated with Sustainability Linked Bond Framework in May 2024. グリーンボンド/Green Bond ●グリーンプロジェクトへの投資資金を資金使途として発行する社債・借入 Bonds to be issued for investment in green projects. 東京ミッドタウン八重洲 八重洲セントラルタワー Tokyo Midtown Yaesu, Yaesu Central Tower 50ハドソンヤード 50 Hudson Yards Promotion of Sustainable Finance Sustainability Initiatives サステナビリティへの取り組み 4サステナブルファイナンスの推進 「累計1兆円超の資金調達をサステナブルファイナンスで実施 Sustainable Financing Totals over ¥1,000 billion 総額 Total ¥1,665.9 billion （2026年6月末時点） (As of Jun. 30,2026) PIF 3,080億円 ¥308.0 billion SLL 3,507億円 ¥350.7 billion GL 3,638億円 ¥363.8 billion GB 6,434億円 ¥643.4 billion グリーンローン/Green Loan LaLa arena TOKYO-BAY SLL GB GL PIF【グリーンボンド(GB)グリーンローン(GL)充当済み物件事例 Example of properties allocated to Green Bonds / Loans 】 55
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MITSUI FUDOSAN CO., LTD. 目標 / Target 80% 目標 / Target 100% FY2025 94% FY2025 103.2% Over 100％ 配偶者が出産した年度と、育児休業等を取得した年度が異なる男性社員がいる場合、100%を超えることがあります。 Where there are male employees who take childcare leave, etc. in a different fiscal year from that of their child’s birth, this rate might exceed 100%. ■1%程度の低水準で推移/Remained at a low level of about 1%. 0.67% 0.67% 0.60% 0.29% 0.79% 0.77% 0.53% 0.51% 0.81% 0.66% 0.93% 1.31% 12.4% 12.1% 11.8% 11.4% 11.6% 11.3% 11.4% 10.7% 11.1% 11.9% 12.1% 11.5% 0.00% 5.00% 10.00% 15.00% 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 国内平均に対し常に10%以上低水準 Always 10% lower than the national average *出典:厚生労働省 「令和6年雇用動向調査結果の概況」 離職率（一般） Source: Ministry of Health, Labour and Welfare, Summary of Results of the 2024 Survey of Employment Trends, Turnover rate (general). 三井不動産 （単体） Mitsui Fudosan 日本国内平均 Average in Japan * Initiatives for Human Resources Sustainability Initiatives サステナビリティへの取り組み 4人材への取り組み （年度/FY） 社員エンゲージメント 当社で働くことを誇りに思う社員の割合 Employee Engagement Percentage of employees who take pride in working for our company フルタイム従業員の自己都合離職率（単体） Full-time staff voluntary turnover rate (non-consolidated） 男性育児休業等取得率 Percentage of male employees taking childcare leave その他の重点施策と進捗状況（単体） Other Priority Measures and Progress (Non-consolidated) 進捗状況/Progress （2025年度/FY2025） KPIs（単体/Non-consolidated）重点施策 Priority measures 目標 /Target達成時期/Period指標/Indicators 11.1% 2026年4月1日付 As of Apr. 1,2026 10%2025年 / 2025女性管理職比率 Women in management positions ratio ダイバーシティ＆インクルージョン Diversity and Inclusion 20%2030年 / 2030 40.9%40%毎年/Annual女性採用比率 Ratio of female hires 2.55%2.5% 以上/or above毎年/Annual障がい者雇用率 Employment rate of people with disabilities 32.1時間/hours前年実績水準 / Last year’s level毎年/Annual1人当たり研修時間 Training time per employee人材育成・スキル向上 Human Resource Development and the Improvement of Skills ¥134,000前年実績水準 / Last year’s level毎年/Annual1人当たり研修投資額 Training expenses per employee 100%100%毎年/Annual育児休業取得者の復帰率 Return rate from childcare leave多様な働き方 Diverse Work Styles 15.6日/days年間14日 / 14 days annually毎年/Annual有給休暇取得日数 Number of paid leave days taken 100%100%毎年/Annual健康診断/人間ドック受診率 Health checkup and screening rate 健康経営 Health and Productivity Management 56
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MITSUI FUDOSAN CO., LTD. Men 3 60% Women 2 40% ■Institutional Design:The company has a Board of Auditors ■Compensation Advisory Committee and Nomination Advisory Committee ■Board of Directors ■Board of Corporate Auditors Composition of Board of Directors Gender Ratio: Board of Directors Gender Ratio: Board of Corporate Auditors Composition of Board of Corporate Auditors Internal 8 62% Outside 5 38% 40% outside directors Men 10 77% Women 3 23% Internal 2 40% Outside 3 60% Expert skills Core competenceManagement related skills Sustainability Human resources strategy Technology and innovation Global Urban development (real estate development, etc.) Risk Management Treasury, accounting and finance Corporate Management Attendance at Board of Directors Meetings (FY2025) RoleName ●●●●●●●12/12Chairman of the BoardMasanobu Komoda ●●●●●●●●12/12President and Chief Executive OfficerTakashi Ueda ●●●●12/12Managing Director and Executive Vice PresidentTakashi Yamamoto ●●●12/12Managing DirectorShingo Suzuki ●●●●12/12Managing DirectorMakoto Tokuda ●●●●12/12Managing DirectorNobuhiko Mochimaru ●●●●10/10Managing DirectorAkiko Kaitou ●●●Newly*2Managing DirectorMizuho Wakabayashi ●●●●12/12Outside DirectorEriko Kawai ●●●12/12Outside DirectorMami Indo ●●●●12/12Outside DirectorTakashi Hibino ●●●●10/10Outside DirectorYo Honma ●●●●Newly*2Outside DirectorTsuyoshi Nagano *1 The above list does not represent all the expertise and experience each person has. *2 Newly appointed as a director on 26 June 2026. Achieving the Potential of the Board of Directors Sustainability Initiatives サステナビリティへの取り組み 4取締役会の実効性発揮 Institutional Design and Composition of Board of Directors Skill Matrix, etc. of Directors*1 Reasons for the appointment of Outside Directors Reasons for the appointmentIndependent OfficerName Re-elected as a Director in the expectation that, drawing on many years of overseas experience as well as extensive experience and broad insight gained through roles as a management consultant and with international organizations and universities, they will continue to provide advice and observations, as they currently do as a Director of the Company, from an objective and professional perspective on matters such as diversity, ESG, and sustainability, and will continue to play an appropriate role in strengthening the supervisory function of the Board of Directors and ensuring its transparency. ●Eriko Kawai Re-elected as a Director in the expectation that, drawing on extensive experience and broad insight gained through roles as an analyst and consultant at securities companies and think tanks, they will continue to provide advice and observations, as they currently do as a Director of the Company, from an objective and professional perspective on matters such as internal control, risk management, and finance, and will continue to play an appropriate role in strengthening the supervisory function of the Board of Directors and ensuring its transparency. ●Mami Indo Re-elected as a Director in the expectation that, drawing on many years of experience as a business executive, as well as extensive experience and broad insight, they will continue to provide advice and observations, as they currently do as a Director of the Company, from an objective and professional perspective on matters such as finance and risk management, and will continue to play an appropriate role in strengthening the supervisory function of the Board of Directors and ensuring its transparency. ●Takashi Hibino Re-elected as a Director in the expectation that, drawing on many years of experience as a business executive, as well as extensive experience and broad insight, they will continue to provide advice and observations, as they currently do as a Director of the Company, from an objective and professional perspective on matters such as IT, digital technology, and risk management, and will continue to play an appropriate role in strengthening the supervisory function of the Board of Directors and ensuring its transparency. ●Yo Honma Elected as a Director in the expectation that, drawing on many years of service as an executive in the insurance industry, as well as extensive experience and broad insight, they will provide advice and observations from an objective and professional perspective on matters such as risk management and global business development, and will play an appropriate role in strengthening the supervisory function of the Board of Directors and ensuring transparency. ●Tsuyoshi Nagano Board of Directors 13 Board of Directors 13 Corporate Auditors 5 Corporate Auditors 5 Outside 5 71% Internal 2 29％ Chairperson Majority outside 57
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MITSUI FUDOSAN CO., LTD. 役員報酬制度の改定について Revision of the Officer Compensation System ● Key Points of the Revision ・Strengthen the linkage of performance-based compensation with the KPIs of the Group's long-term vision. ・To further enhance the operability of the stock compensation system, introduce Restricted Stock Units (RSU) and set limits for RS and RSU within the maximum limit currently approved for Restricted Stock (RS). *RSUs are calculated as one unit per share, and monetary compensation will be provided based on the number of RSUs held at the time of retirement. ● Basic Policy on the Officer Compensation system ● Method of resolution regarding directors' compensation (unchanged) : Matters related to directors' compensation are referred to the Compensation Advisory Committee, chaired by an outside director, and decided by the Board of Directors. ● Key Revisions (Target: Internal Directors) For details, please refer to our news release dated March 27, 2025:https://www.mitsuifudosan.co.jp/english/corporate/news/2025/0327/download/20250327.pdf ❶In the compensation system, RSU have been added to the payment method for “stock compensation,” which previously consisted only of RS. In conjunction with this, upper limits for RS and RSU are set within the range of the number of shares and monetary compensation claims approved as RS. ❷Set target compensation composition ratios by position. (The composition ratios for bonuses and stock compensation are also disclosed.) ❸In calculating the payment levels for "bonuses" and "stock compensation," KPIs aligned with the Group's long-term vision are set, and the calculation formulas are disclosed. (Previously, they were not disclosed.) The Officer Compensation system will be revised for directors and corporate auditors to encourage their contribution to the realization of the Group’s Long-term Vision, “& INNOVATION 2030.“ (From FY2025) Performance-BasedFixed Types of Compensation Stock CompensationBonusesBasic Compensation Monetary (Restricted Stock Units)Stocks (Restricted Stock)MonetaryMonetaryPayment Method An objective and transparent compensation systemThe sharing of further value with shareholders A competitive levels of recruitment and the retention of human resources Strong motivation for short, medium, and long-term corporate value enhancement in a bid to realize of the Group's long-term vision 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Average of internal directors Chairman of the Board / President 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Other internal directors Chairman of the Board / President Before After Fixed Performance-Based Fixed Performance-Based Approx. 30 - 40% Approx. 60 - 70% Approx. 40 - 50% Approx. 50 - 60% 30 - 35% Around 40% Stock Around 25% Stock 30 - 35%Bonuses 30 - 35% Bonuses 30 - 35% Bonuses Stock Compensation （RS:RSU＝75:25） Payment ratio based on KPI evaluation Amounts of paid by individual Standard amount by officer position Payment ratio based on KPI evaluation Number of allotted by individual× ×＝＝ Business income payment ratio Net profit payment ratio ESG initiative payment ratio Individual evaluation results payment ratio××50%）××50%＋ （ （0 -150%） （0 -150%） （90 - 110%） （95 - 105%） EPS payment ratio （0 - 150%） ROE payment ratio （0 - 150%） ESG initiative payment ratio （90 - 110%） ×50%＋ ×50%）×（ Standard amount by officer position Chairman of the Board / President Average of internal directors Chairman of the Board / President Other internal directors サステナビリティへの取り組み Sustainability Initiatives4 58
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MITSUI FUDOSAN CO., LTD. ●We own stocks considered effective in management strategy from a medium- to long- term perspective to improve the Group's corporate value by comprehensively taking into account business strategy, the relationships with clients and other factors as Strategic shareholdings. ●We review our Strategic shareholdings on an ongoing basis with a view to reduce our holdings. We assess the rationale for owning the stocks based on a quantitative evaluation and our relationship with the issuer. ●We have a policy to reduce strategic share holdings by 50% from fiscal year 2024 until fiscal year 2026 and continues to actively promote reduction thereafter.●The reason for setting standard of "Investment stocks held for pure investment purposes" ・In our business model, in addition to investing directly in real estate and benefiting from the increased value of real estate, we may also invest in businesses in the form of equity capital and benefit from the increase in value of the shares. ・We had classified such equity capital as "Strategic shareholdings", but these investments are considered to be in our core business same as investments in real estate, so it is suitable to classify them differently from strategic shareholdings. ・We have reorganized the classification of investment stocks based on our actual business model, and set the standard for "Investment stocks held for pure investment purposes" ●Main stock to be classified as "Investment stocks held for pure investment purposes." ●Sell at the right time Reflecting our track record to date, we will continue to take a flexible and sustainable approach to selling over time, allocating proceeds to invest for future growth while also taking the share price into account. Investment stocks held for purposes other than pure investment purposes (Strategic shareholdings, No changed from before) Investment stocks held for pure investment purposesClassification Stocks held for purposes other than those listed on the left *Stocks considered effective in management strategy from a medium- to long- term perspective to improve the Group's corporate value by comprehensively taking into account business strategy, the relationships with clients and other factors, etc. Stocks, as part of business investments, held for the purposes of benefiting from medium to long term increase in share value etc.Standard Oriental Land Co., Ltd.Stock name 1. Mitsui Fudosan was involved in the establishment of the Oriental Land Co., Ltd., in 1960. We invested in the form of equity capital for the purpose of developing urban resorts and implementing an entertainment business. The reason for classified 2. This investment was made as part of our core business, real estate investments 3. We hold these shares for the purpose of benefiting from the medium to long term increase in share value etc. Investment Securities (Share) Sustainability Initiatives サステナビリティへの取り組み 4投資有価証券（株式） The Definition and reduction policy of Strategic shareholdings The standard for "Investment stocks held for pure investment purposes" and the stock to be reclassified Sale results（Non-consolidated） Strategic shareholdings +Investment stocks held for pure investment purposes FY2025FY2024FY2023FY2022FY2021FY2020FY2019 1921 7 3 4 313Number of stocks sold 60.875.959.946.550.745.920.3Sales amount ( Billions of yen) 59
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MITSUI FUDOSAN CO., LTD. FTSE Russell confirms that Mitsui Fudosan Co., Ltd. has been independently assessed according to the index criteria, and has satisfied the requirements to become a constituent of the FTSE JPX Blossom Japan Index. Created by the global index and data provider FTSE Russell, the FTSE JPX Blossom Japan Index is designed to measure the performance of companies demonstrating specific Environmental, Social and Governance (ESG) practices. The FTSE JPX Blossom Japan Index is used by a wide variety of market participants to create and assess responsible investment funds and other products. THE INCLUSION OF MITSUI FUDOSAN CO., LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF MITSUI FUDOSAN CO., LTD. BY MSCI OR ANY OF ITS AFFILIATES. THE MSCI INDEXES ARE THE EXCLUSIVE PROPERTY OF MSCI. MSCI AND THE MSCI INDEX NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI OR ITS AFFILIATES. GPIFが採用するESG指数（日本株対象）/ ESG indexes (covering Japanese equities) used by the GPIF Morningstar, Inc., and/or one of its affiliated companies (individually and collectively, “Morningstar”) has authorized Mitsui Fudosan Co., Ltd. to use of the Morningstar® Japan ex-REIT Gender Diversity Tilt Index Logo (“Logo”) to reflect the fact that, for the designated ranking period, Mitsui Fudosan Co., Ltd. ranks within the top group of companies comprising the Morningstar® Japan ex-REIT Gender Diversity Tilt Index (“Index”) on the issue of gender diversity in the workplace. Morningstar is making the Logo available for use by Mitsui Fudosan Co., Ltd. solely for informational purposes. Mitsui Fudosan Co., Ltd.’s use of the Logo should not be construed as an endorsement by Morningstar of Mitsui Fudosan Co., Ltd. or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with Mitsui Fudosan Co., Ltd. The Index is designed to reflect gender diversity in the workplace in Japan, but Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included in it. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included in it or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third-party content providers have any liability for any damages (whether direct or indirect), arising from any party’s use or reliance on the Index or the Logo, even if Morningstar is notified of the possibility of such damages. The Morningstar name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results. FTSE Russell confirms that Mitsui Fudosan Co., Ltd. has been independently assessed according to the index criteria, and has satisfied the requirements to become a constituent of the FTSE JPX Blossom Japan Sector Relative Index. The FTSE JPX Blossom Japan Sector Relative Index is used by a wide variety of market participants to create and assess responsible investment funds and other products. External Assessments, etc. Sustainability Initiatives サステナビリティへの取り組み 4社外からのESG評価等 ●GPIFが採用する6つのESG指数（日本株対象）全ての構成銘柄に選定 /Selected as a constituent of all six ESG indexes (covering Japanese equities) used by the GPIF ESG指数への主な組み入れ Main inclusion in ESG Indexes ●「MSCI日本株女性活躍指数(WIN)」の構成銘柄に8年連続で選定、「Morningstar日本株式ジェンダー・ダイバーシティ・ティルト指数（除くREIT）」最高位評価に4年連続で格付け /Selected as a constituent brand of MSCI Japan Empowering Women Index (WIN) for the 8th continuous year, Selected as the Morningstar Japan ex-REIT Gender Diversity Tilt Index and rated at the highest rating for four consecutive years. 三井不動産を構成銘柄とするESG指数 / ESG index with Mitsui Fudosan as a constituent 60
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MITSUI FUDOSAN CO., LTD. ●育児支援 / Childcare Support Initiatives 厚生労働大臣から子育てサポート企業として、「プラチナくるみん」の認定を受けています。 *当社単体および三井不動産レジデンシャルにて取得 Our company has acquired “Platinum Kurumin” certification from the Minister of Health, Labour and Welfare as a company that supports childcare. *Acquired by Mitsui Fudosan Co.,Ltd. and Mitsui Fudosan Residential Co.,Ltd. ●女性活躍推進 / Promote the activities of diverse personnel 女性活躍推進に優れた上場企業として、経済産業省と東京証券取引 所から、「なでしこ銘柄」に5年連続選定されています。 Our company has been selected by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange as one of the “Nadeshiko Brand” companies for five consecutive years, in recognition of its excellence in promoting women’s success in the workplace. 「女性の職業生活における活躍の推進に関する法律（女性活躍推進 法）」に基づく取り組みの実施状況が優良な企業として、厚生労働大 臣から認定を受けています。 *グループ複数社が取得。当社単体は2段階目 Our company has been certified by the Minister of Health, Labour and Welfare as a company with excellent implementation of initiatives based on the Law Concerning the Promotion of Women's Advancement in Employment (Women's Activity Promotion Law). *Multiple group companies have acquired it. Our company has acquired it in the second phase. 経済産業省と日本健康会議から、 「健康経営優良法人 ホワイト500」の認定を 10年連続受けています。 Our company has been certified by the Ministry of Economy, Trade and Industry and the Nippon Kenko Kaigi as a “White 500” corporation for excellent health and productivity management for 10 consecutive years. 企業や団体におけるLGBTQ+に関する取組み評価制度で ある「PRIDE指標2025」にて、最高評価である「ゴールド」 認定を受賞しております。 We have received the highest-level “Gold” certification in the PRIDE Index 2025, an evaluation system that assesses initiatives related to LGBTQ+ inclusion at companies and organizations. ●多様な人材の活躍の推進/Promote the activities of diverse personnel External Assessments, etc. Sustainability Initiatives サステナビリティへの取り組み 4社外からのESG評価等 ●2025年 GRESBリアルエステイト評価/ 2025 GRESB Real Estate Assessments 「GRESBスタンディング・インベストメント・ベンチマーク」と「GRESBディベロップメント・ベンチマーク」の双方において最高評価の５スターを取得。 「GRESBディベロップメント・ベンチマーク」については3年連続で5スターを取得。 Mitsui Fudosan received the highest rank of five stars for both the GRESB Standing Investment Benchmark and the GRESB Development Benchmark in the GRESB Real Estate Assessment. The Company has obtained five stars for the GRESB Development Benchmark for the third consecutive year. 環境・気候変動を始めとした各種イニシアチブへの加盟・賛同、評価取得 Joining and endorsing various initiatives, including environmental and climate change initiatives, and obtaining recognition 多様な人材・働き方に関する認定 Certification for Diverse Human Resources and Work Styles 61
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MITSUI FUDOSAN CO., LTD. Summary of 1Q, FY2026 Financial Results:Consolidated Financial Summary 2027年3月期 第1四半期決算概要:連結業績概要 （１）連結経営成績(累計)/Consolidated Result of Operations (year-to-date) （%表示は対前年同四半期増減率/Percentages indicate year-on-year changes) *包括利益/Comprehensive Income 1Q, FY2026 : 56,108百万円/¥ 56,108 million（-49.4％）; 1Q, FY2025:110,796百万円/¥ 110,796 million（24.2％） *事業利益＝営業利益＋持分法投資損益（不動産分譲を目的とした関係会社株式売却損益含む）＋固定資産売却損益 Business income ＝ Operating income + Equity in earnings/losses of affiliates (including Gain/loss on sales of shares of subsidiaries and affiliates for the purpose of real estate sales)+Gain/loss on sales of fixed assets １株当たり当期純利益 Earnings per Share 親会社株主に帰属する当期純利益 Profit Attributable to Owners of Parent 経常利益 Ordinary Income 事業利益 Business Income 営業利益 Operating Income 営業収益 Revenue from Operations 円/Yen%百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen 105.772.3285,0000.5315,0001.1450,0003.1410,0003.32,800,000通期/Full year 親会社株主に帰属する四半期純利益 Profit Attributable to Owners of Parent 経常利益 Ordinary Income 事業利益 Business Income 営業利益 Operating Income 営業収益 Revenue from Operations %百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen%百万円/Millions of Yen -39.075,818-37.989,493-44.3104,583-35.4103,507-23.1616,9301Q, FY2026 91.1124,23259.7144,00579.2187,70958.1160,11227.3802,3161Q, FY2025 2027年3月期 第1四半期決算の連結業績/Consolidated Financial Results for 1Q FY2026 潜在株式調整後１株当たり四半期純利益 Diluted net income per share １株当たり四半期純利益 Earnings per Share 円/Yen円/Yen 28.0328.041Q, FY2026 44.8044.811Q, FY2025 （２）連結財政状態/Consolidated Financial Position 1株当たり純資産 Net Assets Per Share 自己資本比率 Equity Ratio 純資産 Net Assets 総資産 Total Assets 円/Yen%百万円/Millions of Yen百万円/Millions of Yen 1,205.4431.43,347,66210,341,4131Q, FY2026 1,206.0632.43,384,84410,103,474FY2025 （参考/Reference）自己資本/Shareholders’ Equity 1Q, FY2026 : 3,244,188百万円/¥ 3,244,188 million; FY2025: 3,277,508百万円/¥ 3,277,508 million 配当の状況/Cash Dividends 年間配当金/Cash Dividends per Share 合計/Total期末/Year-End3rd Quarter2nd Quarter1st Quarter 円/Yen円/Yen円/Yen円/Yen円/Yen 35.0018.00―17.00―FY2025 ―――――FY2026 37.0018.50―18.50―FY2026（予想/Plan) 2027年3月期の連結業績予想/Forecast for the Year Ending March 31, 2027 （%表示は、対前期増減率 / % figures denote the previous fiscal year change） 発行済株式数（普通株式）/Number of outstanding shares (common stocks) 2,755,914,511FY20252,718,535,9531Q, FY2026 期末発行済株式数（自己株式を含む） Total number of shares outstanding at the end of the period (including treasury stocks) 38,378,428FY202527,250,1061Q, FY2026 期末自己株式数 Number of treasury stocks at the end of the period 2,772,371,0491Q, FY2025 2,704,410,9241Q, FY2026 期中平均株式数 Average number of shares outstanding during the period （株/Shares） Financial Results and Corporate Information, etc. 決算・企業情報等 5 62
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*1 事業利益=営業利益+持分法投資損益（不動産分譲を目的とした関係会社株式売却損益含む）+固定資産売却損益 *2 不動産分譲を目的とした関係会社株式売却損益含む *1 Business Income = Operating Income + Equity in Net Income (Loss) of Affiliated Companies (Including Gain (Loss) on Sale of Investments in Equity Securities of Affiliated Companies for the Purpose of Real Property Sales) + Gain (Loss) on Sale of Non-current Assets *2 Including Gain (Loss) on Sale of Investments in Equity Securities of Affiliated Companies for the Purpose of Real Property Sales * 収益は外部顧客からの売上高 * Revenue represents sales to external customers Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 2027年3月期 第1四半期決算概要:連結PL概要 特別損益 Extraordinary Income (Losses)単位:百万円/Yen in millions 営業収益 Revenue from Operations 賃貸 Leasing 分譲 Property Sales マネジメント Management 施設営業 Facility Operations その他 Other 事業利益*1 Business Income*1 営業利益 Operating Income （セグメント別 事業利益） Business Income by Segment 賃貸 Leasing 分譲 Property Sales マネジメント Management 施設営業 Facility Operations その他 Other 全社費用・消去 Corporate Expenses and Eliminations 営業外損益 持分法投資損益 純金利負担 Interest Income (Expense), Net その他 Other, Net 経常利益 Ordinary Income 特別損益 Extraordinary Income (Losses) 特別利益 Extraordinary Income 特別損失 Extraordinary Losses 税金等調整前四半期純利益 法人税等 Income Taxes 四半期純利益 Net Income Non-operating Income (Expenses) 親会社株主に帰属する四半期純利益 75,818 124,232 -48,413 -39.0%Net Income Attributable to Shareholders of the Company 76,355 124,517 -48,161 非支配株主に帰属する Net Income Attributable -537 -285 -251四半期純利益 Non-controlling Shareholders -64,589 -37,369 -53,797 +16,427 24,232 34,309 -10,077 - - - 113,725 178,315 -37.9% +6,006 34,519 124,710 -90,191 24,232 34,309 -10,077 -18,109 -18,674 +564 3,111 1,465 +1,646 89,493 144,005 -54,512 +2,091 15,047 14,405 +641 51,771 45,764 616,930 802,316 -185,386 241,385 226,043 +15,342 持分法投資損益*2 Equity in Net Income (Loss) of Affiliated Companies*2 103,507 160,112 -56,604 -35.4% 931 1,103 -171 123,179 331,772 -208,592 1Q FY2026 1Q FY2025 増減/Change -23.1% 58,607 61,544 -2,937 104,583 187,709 -83,125 127,787 120,158 +7,629 65,969 62,796 +3,172 -44.3% 増減率/Change Rate Gain (Loss) on Sale of Non-current Assets -26,34926,493144 Income before Income Taxes 19,859 17,453 +2,405 Equity in Net Income (Loss) of Affiliated Companies 983 1,103 -119 -194 53 -248 -16,419 -14,679 -1,739 -14,014 -16,106 固定資産売却損益 連結損益計算書 Consolidated Statements of Income [特別利益/Extraordinary Income] 単位:百万円/Yen in millions 投資有価証券売却益 Gain on Sale of Investment Securities 24,232 合計 Total 24,232 公表（進捗率） Progress toward Full-Year Forecast 単位:百万円/Yen in millions Net Income Attributable to Shareholders of the Company 経常利益 89,493 315,000 28.4% Ordinary Income 75,818 285,000 26.6%四半期純利益 親会社株主に帰属する 営業利益 103,507 410,000 25.2% Operating Income 事業利益 104,583 450,000 23.2% Business Income 営業収益 616,930 2,800,000 22.0%Revenue from Operations 1Q FY2026 通期予想 2026年５月13日公表 進捗率 ProgressFull-year Forecast Announced on May. 13, 2026 Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 63
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* 収益は外部顧客からの売上高 * Revenue represents sales to external customers 2027年3月期 第1四半期決算概要:連結PL概要 Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 単位:百万円/Yen in millions その他の包括利益 Other Comprehensive Income その他有価証券評価差額金 Net Unrealized Holding Gains (Losses) on Available-for-sale Securities 繰延ヘッジ損益 Deferred Gains (Losses) on Hedging Instruments 為替換算調整勘定 Foreign Currency Translation Adjustments 退職給付に係る調整額 Remeasurements of Defined Benefit Plans 持分法適用会社に対する持分相当額 (うち親会社株主に係る四半期包括利益) (Comprehensive Income Attributable to Shareholders of the Company) (うち非支配株主に係る四半期包括利益) (Comprehensive Income Attributable to Non-controlling Shareholders) (512) (-256) 四半期包括利益 56,108 110,796Comprehensive Income (55,595) (111,052) -1,668 -1,086 Equity in Other Comprehensive Income (Loss) of Affiliated Companies 11,943 -27,937 -38,068 36,039 -427 -1,713 7,974 -19,022 -20,247 -13,721 1Q FY2026 1Q FY2025 四半期純利益 76,355 124,517Net Income 単位:百万円/Yen in millions 賃貸事業 Leasing 分譲事業（業務施設等） Property Sales その他 Other 合計 Total 賃貸事業 Leasing 分譲事業（業務施設等） Property Sales その他 Other 営業利益 Operating Income 30,650 35,591 -4,941 粗利益率 Gross Profit Margin 20.7% 19.3% +1.4pt 22.1% 26.6% -4.5pt 18.9% 16.8% +2.1pt 1Q FY2026 1Q FY2025 増減/Change 営業収益 Revenue from Operations 200,343 191,063 +9,280 9,345 218,964 238,811 -19,846 39,134 -29,789 9,276 8,614 +662 連結包括利益計算書 Consolidated Statements of Comprehensive Income （参考）単体・営業損益 (Reference) Non-consolidated Operating Income Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 64
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* 収益は外部顧客からの売上高 * Revenue represents sales to external customers Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 賃貸/Leasing 2027年3月期 第1四半期決算概要:連結PL概要 当第1四半期における主要な新規・通期稼働物件 Major Projects during the Period 国内外オフィスの収益・利益の拡大、国内外商業施設の 売上増加に伴う賃貸利益の伸⾧等により、セグメント全体 では153億円の増収、60億円の増益。なお、当第1四半 期末における当社の首都圏オフィス空室率は0.9%。 Overall, revenue from operations increased by ¥15.3 billion and business income increased by ¥6.0 billion, mainly due to higher revenue and income from domestic and overseas office properties and growth in leasing income driven by increased sales at domestic and overseas retail facilities. As of the end of the first quarter, the Company’s office vacancy rate (standalone basis) in the Tokyo metropolitan area was 0.9%. 【新規稼働（当期稼働物件）】 ・中野M-SQUARE 【通期稼働（前期稼働物件）】 ・表参道Grid Tower ・ららぽーと安城 ・ららテラス川口 ・三井アウトレットパーク木更津（4期） ・ららテラス北綾瀬 ・ららぽーとTOKYO-BAY 北館（建替え）1期 ・三井アウトレットパーク岡崎 ・BASE GATE 横浜関内 ・ららぽーと台北南港（台湾台北市） [Newly Operational Properties (Commenced Operations in the Current Fiscal Year)] ・Nakano M-SQUARE [Properties Operational for the Full Year (Commenced Operations in the Previous Fiscal Year)] ・Omotesando Grid Tower ・LaLaport ANJO ・LaLa Terrace KAWAGUCHI ・MITSUI OUTLET PARK KISARAZU (4th phase expansion) ・LaLa Terrace KITAAYASE ・LaLaport TOKYO-BAY North Building Phase I (Rebuilt) ・MITSUI OUTLET PARK OKAZAKI ・BASEGATE YOKOHAMA KANNAI ・LaLaport TAIPEI NANGANG (Taipei, Taiwan) 賃貸 Leasing 単位:百万円/Yen in millions オフィス Offices 商業施設 Retail Facilities その他 Other Operating Income Equity in Net Income (Loss) of Affiliated Companies 所有 Owned 転貸 Sublease 所有 Owned 転貸 Sublease 持分法投資損益 -2,932 -240 -2,692 営業利益 54,704 46,005 +8,698 1.6% 2.3%空室率 Vacancy Rate 1.9% 2.0% 2.1% 1.8% 賃貸収益 Leasing Revenue (¥ millions) 75,657 70,017 47,793 44,127 27,863 25,890 貸付面積（千㎡）Leased Floor Space (1,000㎡) 2,636 2,461 1,569 1,485 棟数 Number of Buildings 108 102 77 73 31 29 1,067 975 商業施設/Retail Facilities 総計/Total 首都圏/Tokyo Metropolitan Area 地方/Local Area 1Q FY2026 1Q FY2025 1Q FY2026 1Q FY2025 空室率 Vacancy Rate 1.1% 1.3% 0.9% 1.1% 1Q FY2026 1Q FY2025 賃貸収益 Leasing Revenue (¥ millions) 89,588 88,373 83,819 82,405 5,768 5,967 3.0% 3.6% 棟数 Number of Buildings 115 113 94 92 21 21 貸付面積（千㎡）Leased Floor Space (1,000㎡) 2,858 2,826 2,581 2,551 277 275 合計/Total 6,601 6,450 +151 【参考】単体・賃貸総括表/Breakdown of Leasing (Non-consolidated) オフィス/Offices 総計/Total 首都圏/Tokyo Metropolitan Area 地方/Local Area 1Q FY2026 1Q FY2025 1Q FY2026 1Q FY2025 1Q FY2026 1Q FY2025 1Q FY2026 1Q FY2025 増減 /Change 貸付面積（千㎡） Leased Floor Space (1,000㎡) オフィス Offices 2,093 2,069 +24 単体オフィス首都圏 0.9% 1.6% 1.3% 2.2% 3.8% 1,533 1,537 -4 商業施設 Retail Facilities 2,168 2,103 +65 808 741 +67 連結オフィス・商業 2.7% 3.0% 3.5% 3.8% 4.3% 3.0%Offices & Retail Facilities (Consolidated) 3.2% Offices in Tokyo Metropolitan Area (Non-consolidated) 事業利益 Business Income 51,771 45,764 +6,006 空室率推移/Vacancy Rate 6/2026 3/2026 3/2025 3/2024 3/2023 3/2022 28,453 +2,118 合計/Total 241,385 226,043 +15,342 1Q FY2025 増減 /Change 営業収益 Revenue from Operations 124,547 119,777 +4,770 86,265 77,812 +8,452 30,572 1Q FY2026 Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 65
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* 収益は外部顧客からの売上高 * Revenue represents sales to external customers Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 分譲/Property Sales 当第1四半期における主要な計上物件 Major Projects during the Period 2027年3月期 第1四半期決算概要:連結PL概要 国内住宅分譲は、前年同期の都心・高額・大規模な物 件の計上による反動等により減収減益。固定資産売却 益等を含む投資家向け・海外住宅分譲等は、前年同期 の固定資産売却益の反動等により減収減益。セグメント 全体では2,085億円の減収、901億円の減益。なお、国 内の新築マンション分譲の当期計上予定戸数2,350戸に 対する契約進捗率は83%。 Revenue and business income from residential property sales (domestic) decreased, due in part to the absence of contributions from high-priced, large-scale properties in central Tokyo recorded in the same period of the previous fiscal year. Property sales to investors and residential property sales (overseas), etc., which include gains on sale of non-current assets, also recorded lower revenue and business income, due in part to the absence of gains on sale of non-current assets recorded in the same period of the previous fiscal year. Overall, the Property Sales segment reported decreases of ¥208.5 billion in revenue from operations and ¥90.1 billion in business income. Additionally, as of the end of the first quarter, 83% of the 2,350 new condominium units in Japan scheduled to be recorded as sales during the current fiscal year had been contracted. 【国内住宅分譲】 ・三田ガーデンヒルズ ・パークホームズ浅草橋 ・パークコート恵比寿 【海外住宅分譲】 ・Cortland（米国ニューヨーク市） 【投資家向け分譲】 ・パークアクシス 6物件 [Residential Property Sales (Domestic)] ・Mita Garden Hills ・PARK HOMES ASAKUSABASHI ・PARK COURT EBISU [Residential Property Sales (Overseas)] ・Cortland (New York, U.S.A.) [Property Sales to Investors] ・Six PARK AXIS properties 賃貸 Leasing 分譲 Property Sales 単位:百万円/Yen in millions Equity in Net Income (Loss) of Affiliated Companies * Gain (Loss) on Sale of Non-current Assets 営業収益 Revenue from Operations 戸数（戸） Number of Units (Units) 戸当たり単価（万円） Unit Price (\10 thousand) 営業収益 Revenue from Operations 戸数（戸） Number of Units (Units) 戸当たり単価（万円） Unit Price (\10 thousand) 営業収益 Revenue from Operations 戸数（戸） Number of Units (Units) 戸当たり単価（万円） Unit Price (\10 thousand) 国内住宅分譲完成在庫推移/Completed Inventory in Residential Property Sales (Domestic) （戸/Units） 中高層分譲 Condominium Sales 戸建分譲 Single-family Home Sales 合計/Total 国内住宅分譲契約戸数/Number of Units Contracted in Residential Property Sales (Domestic) （戸/Units） 中高層分譲 Condominium Sales 戸建分譲 Single-family Home Sales 合計/Total 3,803 613 4,416 797 3,619 876 102 104 206 82 124 108 3,701 509 4,210 715 3,495 768 期中新規発売 Beginning of the Period during the Period of Units End of the Period during the Period Newly Launched 前期末契約済み 期中契約 契約累計 売上計上 当期末契約済み Contracts at the Contracts Reported No. Contracts at theTotal Contracted 46 46 54 46 55 89 6 10 22 22 0 7 40 36 32 24 55 82 1,150 -353 11,896 20,963 -9,067 戸建分譲 Single-family Home Sales 8,206 6,874 +1,332 82 6/2026 3/2026 3/2025 3/2024 70 +12 10,007 9,820 +187 国内住宅分譲合計 Total Residential Property (Domestic) 94,808 241,076 -146,267 797 3/2023 3/2022 事業利益 Business Income 34,519 124,710 -90,191 * 不動産分譲を目的とした関係会社株式売却損益含む * Including gain (loss) on sale of investments in equity securities of affiliated companies for the purpose of real property sales 中高層分譲 Condominium Sales 86,602 234,201 -147,599 715 1,080 -365 12,112 21,685 -9,573 固定資産売却損益 144 26,493 -26,349 投資家向け・海外住宅分譲等 Property Sales to Investors and Residential Property Sales (Overseas), etc. 5,888 12,126 -6,237 合計/Total 31,554 97,759 -66,204 営業利益 Operating Income 国内住宅分譲 Residential Property Sales (Domestic) 25,666 85,633 -59,966 持分法投資損益* 2,820 457 +2,362 営業収益 Revenue from Operations 国内住宅分譲 Residential Property Sales (Domestic) 94,808 241,076 -146,267 投資家向け・海外住宅分譲等 Property Sales to Investors and Residential Property Sales (Overseas), etc. 28,371 90,696 -62,325 合計/Total 123,179 331,772 -208,592 1Q FY2026 1Q FY2025 増減 /Change Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 66
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* 仲介件数は外部顧客からの件数 （参考）三井不動産リアルティグループの消去前仲介件数:8,759件（前年同期比＋201件） * Number of Brokerages refers to brokerages to external customers (Reference) Number of Brokerages for Mitsui Fudosan Realty Group before eliminations: 8,759 (＋201 in comparison to the corresponding period of the previous fiscal year) * 収益は外部顧客からの売上高 * Revenue represents sales to external customers プロパティマネジメントは、運営管理受託件数の増加等の 影響により、増収増益。仲介・アセットマネジメント等は、リ ハウス（個人向け仲介）における取引件数と取引単価 向上等により、増収増益。セグメント全体では76億円の 増収、24億円の増益。 Property management recorded higher revenue and business income, mainly due to an increase in the number of properties under management. Brokerage and asset management, etc. also recorded higher revenue and business income, mainly reflecting increases in both the number and average value of transactions in Rehouse (brokerage for individuals). Overall, the Management segment reported increases of ¥7.6 billion in revenue from operations and ¥2.4 billion in business income. マネジメント/Management 2027年3月期 第1四半期決算概要:連結PL概要 Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 賃貸 Leasing マネジメント Management 単位:百万円/Yen in millions 仲介件数* Number of Brokerages * (Units) 8,731 8,540 +191 販売受託件数 Consignment Sales (Units) 364 300 +64 増減/Change リパーク（貸し駐車場）台数 Repark (Car Park Leasing) - Total Managed Units (Units) 254,839 250,942 +3,897 合計/Total 19,859 17,453 1Q FY2026 1Q FY2025 127,787 120,158 +7,629 事業利益 Business Income 19,859 17,453 +2,405 営業利益 Operating Income プロパティマネジメント Property Management 10,103 8,805 +1,297 仲介・アセットマネジメント等 Brokerage & Asset Management, etc. 9,755 8,647 +1,107 +2,405 1Q FY2026 1Q FY2025 増減 /Change 営業収益 Revenue from Operations プロパティマネジメント Property Management 94,291 89,067 +5,223 仲介・アセットマネジメント等 Brokerage & Asset Management, etc. 33,496 31,091 +2,405 合計/Total Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 67
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* 収益は外部顧客からの売上高 * Revenue represents sales to external customers 2027年3月期 第1四半期決算概要:連結PL概要 Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 施設営業/Facility Operations 国内ホテルのADR上昇や、東京ドームにおける収益・利 益の伸⾧等により、セグメント全体では31億円の増収、 6億円の増益。 Overall, the Facility Operations segment reported increases of ¥3.1 billion in revenue from operations and ¥0.6 billion in business income, mainly due to higher ADR at domestic hotels and growth in revenue and income from Tokyo Dome operations. その他/Other その他 Other 施設営業 Facility Operations 単位:百万円/Yen in millions ホテル・リゾート Hotels & Resorts スポーツ・エンターテインメント Sports & Entertainment 事業利益 Business Income 国内宿泊主体型ホテル 稼働率 Lodging-focused Domestic Hotels Occupancy Rate 85% 85% -0pt 15,047 14,405 +641 1Q FY2026 1Q FY2025 増減/Change 営業収益 Revenue from Operations 48,036 45,090 +2,946 17,932 17,706 +225 合計/Total 65,969 62,796 +3,172 増減/Change1Q FY2026 1Q FY2025 単位:百万円/Yen in millions 新築請負・リフォーム等 その他 Other 事業利益 Business Income 53 -248 新築請負受注工事高 Value of New Construction Orders Received 27,046 29,113 -2,067 1Q FY2026 1Q FY2025 増減/Change -194 営業収益 Revenue from Operations New Construction under Consignment & Reform 48,477 52,148 -3,670 10,129 9,396 +733 合計/Total 58,607 61,544 -2,937 1Q FY2026 1Q FY2025 増減/Change Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 68
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*1 海外事業利益合計÷連結事業利益×100 *2 為替:期中平均レート 当第1四半期156.96円/㌦ 前年同期152.55円/㌦ *1 Total Overseas Business Income ÷ Consolidated Business Income × 100 *2 Foreign exchange: Average rate for 1Q FY2026 ¥156.96 to US$1 ; 1Q FY2025 ¥152.55 to US$1 * 収益は外部顧客からの売上高 * Revenue represents sales to external customers 参考:海外事業 Reference: Overseas Business 2027年3月期 第1四半期決算概要:連結PL概要 Summary of 1Q FY2026 Financial Results : Summary of Consolidated Statements of Income 単位:百万円/Yen in millions 営業収益 Revenue from Operations 事業利益① Business Income (1) 営業収益 Revenue from Operations 事業利益② Business Income (2) 営業収益 Revenue from Operations 事業利益③ Business Income (3) 海外事業利益合計①+②+③ Total Overseas Business Income ( (1) + (2) + (3) ) 14,726 12,538 +2,187 海外事業利益比率*1 Overseas Business Income Ratio *1 14.1% 6.7% +7.4pt マネジメント・施設営業等 6,946 6,629 +317 Management, Facility Operations, etc. 147 81 +66 分譲 Property Sales 3,600 48,720 -45,119 2,083 2,197 -114 1Q FY2026 1Q FY2025 増減 /Change 賃貸 Leasing 52,576 46,307 +6,268 12,495 10,259 +2,235 参考:海外事業 Reference: Overseas Business Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 69
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単位:百万円/Yen in millions 為替変動による増減を含む。当第1四半期の為替影響は+516億円。 Includes changes due to foreign exchange fluctuations. Foreign exchange impact for the Period: +\51.6 billion. 2027年3月期 第1四半期決算概要:連結BS概要 Summary of 1Q FY2026 Financial Results : Summary of Consolidated Balance Sheets ■連結貸借対照表/Consolidated Balance Sheets 2026年3月末 2025年12月末 2025年12月末 （参考） 為替/Foreign Exchange 156.56円/ドル 211.43円/ポンド 2026年3月末 159.88円/ドル 211.03円/ポンド ¥159.88 to US$1 as of March 31, 2026, ¥211.03 to ￡1 as of March 31, 2026, ¥156.56 to US$1 as of December 31, 2025 ¥211.43 to ￡1 as of December 31, 2025 受取手形、売掛金及び契約資産 固定負債 Non-current Liabilities 社債 Bonds Payable ⾧期借入金 Long-term Debt 預り敷金・保証金 Deposits and Security Deposits Received 再評価に係る繰延税金負債 その他有価証券評価差額金 退職給付に係る調整累計額 +376 334,758 負債計 Total Liabilities 6,993,751 余剰敷金・保証金 Surplus Deposits and Security Deposits Received 341,642 +354 その他固定負債 Other Non-current Liabilities 323,090 -16,175 増減 /Change 流動資産 Current Assets 3,529,665 3,245,095 +284,570 流動負債 Current Liabilities 1,975,604 1,847,702 +127,902 1Q FY2026 FY2025 増減 /Change 1Q FY2026 FY2025 -82,419 Notes and Accounts Receivable - Trade and Contract Assets 73,815 85,739 -11,923 短期借入金 Short-term Debt 1,074,774 810,263 +264,511 現金・預金 Cash and Deposits 237,949 82,354 +155,595 支払手形及び買掛金 Notes and Accounts Payable - Trade 102,983 185,403 +67,205 販売用不動産・前渡金 Real Property for Sale (including Advances Paid for Purchases) 2,746,477 2,603,087 +143,390 短期償還社債 Bonds Payable Due within One Year 13,100 13,100 - 有価証券 Marketable Securities - - - コマーシャルペーパー Commercial Paper 200,000 132,794 -37,015 その他の棚卸資産 Other Inventories 8,648 8,895 -247 契約負債 Contract Liabilities 180,691 186,109 -5,417 未成工事支出金 Expenditure on Contracts in Progress 13,620 10,438 +3,181 未払法人税等 Accrued Income Taxes 43,008 80,023 -124 営業出資金 Equity Investments in Properties for Sale 5,665 5,670 -4 その他流動負債 Other Current Liabilities 359,354 438,190 -78,836 短期貸付金 Short-term Loans Receivable 20,085 11,468 +8,617 完成工事補償引当金 Allowance for Warranty Repair on Completed Construction 1,692 1,816 +147,217 貸倒引当金 Allowance for Doubtful Accounts -1,971 -1,927 -44 その他の流動資産 Other Current Assets 425,373 439,368 -13,994 5,018,146 4,870,928 +93,522 有形固定資産 Property, Plant and Equipment 4,567,830 4,551,721 +16,109 2,662,411 1,141,598 2,628,313 +34,098 1,048,075 +9,033 機械装置・運搬具 Machinery, Equipment and Vehicles 81,430 81,112 +318 建物及び構築物 Buildings and Structures 1,903,051 1,895,210 +7,840 522,559 513,526 -14 建設仮勘定 Construction in Progress 210,443 209,090 +1,352 退職給付に係る負債 Retirement benefit liability 37,075 36,721 土地 Land 2,145,139 2,139,048 +6,090 役員退職慰労引当金 Allowance for Directors' Retirement Benefits 925 939 株式報酬引当金 Provision for Stock Compensation 2,075 1,699 その他 Other 227,766 227,258 +507 繰延税金負債 Deferred Tax Liabilities 247,326 263,501 Deferred Tax Liabilities for Land Revaluation 81,082 81,082 - 297,068 +26,021 +5,273無形固定資産 Intangible Assets 132,663 127,389 4,632,547 +459,338 有形・無形固定資産 Property, Plant and Equipment and Intangible Assets 4,700,494 4,679,110 +21,383 うちノンリコース債務 Non-recourse Debt 355,343 有利子負債 Interest-bearing Debt 5,091,885 352,671 +2,672 - 投資有価証券 Investment Securities 1,389,685 1,480,844 -91,159 資本剰余金 Capital Surplus 249,407 311,560 -62,152 投資その他資産 Investments and Other Assets 2,111,253 2,179,269 -68,015 資本金 Common Stock 341,800 +6,883 6,718,630 +275,120 +26,892 差入敷金・保証金 Deposits and Security Deposits Paid 180,917 178,767 +2,149 自己株式 Treasury Stock -45,311 -67,463 +22,152 ⾧期貸付金 Long-term Loans Receivable 61,313 47,072 +14,241 利益剰余金 Retained Earnings 1,949,634 1,922,741 341,800 +10 繰延税金資産 Deferred Tax Assets 35,539 34,416 +1,123 Net Unrealized Holding Gains (Losses) on Available-for-sale Securities 297,411 335,470 -38,058 退職給付に係る資産 Retirement benefit asset 104,818 105,015 -196 土地再評価差額金 Reserve on Land Revaluation 165,941 165,931 -171 貸倒引当金 Allowance for Doubtful Accounts -1,190 -1,200 +10 為替換算調整勘定 Foreign Currency Translation Adjustments 236,025 216,411 +19,613 その他投資その他資産 Other Investments and Other Assets 340,169 334,352 +5,816 繰延ヘッジ損益 Deferred Gains (Losses) on Hedging Instruments 8,572 8,744 -1,606 585 - 非支配株主持分 Non-controlling Interests 102,888 106,750 -3,861 新株予約権 Subscription Rights to Shares 585 Remeasurements of defined benefit plans 40,705 42,311 -37,181 〔Ｄ／Ｅレシオ〕 [D/E Ratio] 1.57 1.41 +0.16 純資産計 Total Net Assets 3,347,662 3,384,844 +237,938 32.4% -1.0pt 資産計 10,341,413 10,103,474 +237,938 負債・純資産計 Total Liabilities and Net Assets 10,341,413 10,103,474 〔自己資本比率〕 [Equity Ratio] 31.4% Total Assets Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 70
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単位:百万円/Yen in millions 単位:百万円/Yen in millions 為替変動による増減を含む。当第1四半期の為替影響は+246億円。 （参考）三井不動産レジデンシャルにおける用地取得関係費 〔当第1四半期 442億円〕 (Reference) Costs associated with land acquisition by Mitsui Fudosan Residential (\44.2 billion for the Period) 単位:百万円/Yen in millions 有形・無形固定資産 主な増減要因 Main Reasons for Changes in Property, Plant and Equipment and Intangible Assets 三井不動産における「三井リンクラボ柏の葉2」等への新規投資、三井不動産アメリカグループ等の在外子会社における為替影響 等。 New investments by Mitsui Fudosan in properties including MITSUI LINK-Lab KASHIWANOHA 2, and the impact of foreign exchange rate movements on overseas subsidiaries, including the Mitsui Fudosan America Group. 2027年3月期 第1四半期決算概要:連結BS概要 Includes changes due to foreign exchange fluctuations. Foreign exchange impact for the Period: +\24.6 billion. Summary of 1Q FY2026 Financial Results : Summary of Consolidated Balance Sheets 販売用不動産(前渡金含む) Real Property for Sale (including Advances Paid for Purchases) 有形・無形固定資産 Property, Plant and Equipment and Intangible Assets 有利子負債 Interest-bearing Debt *1 新規投資には、子会社への出資に伴う販売用不動産の増加を含む。 *2 新規投資には、資本的支出および子会社への出資に伴う有形・無形固定資産の増加を含む。 *1 New investments include increases in real property for sale gained through investments in subsidiaries. *2 New investments include capital expenditures and increases in property, plant and equipment and intangible assets gained through investments in subsidiaries. 合計 Total 905,335 890,924 +14,411 1Q FY2026 FY2025 増減 /Change 107,583 99,843 +7,739 139,437 128,645 +10,792 291,512 279,938 +11,574 三井不動産アメリカグループ 三井不動産レジデンシャル 三井不動産 英国三井不動産グループ SPC合計 その他・消去等 893,427 805,102 +88,325 409,181 2,746,477 2,603,087 +143,390 Other その他 期末残高 Balance at the End of the Period 1Q FY2025 2,500,757 132,325 -220,474 -34,685 2,377,923 1Q FY2026 2,603,087 225,313 -78,864 -3,058 2,746,477 Mitsui Fudosan Residential Mitsui Fudosan Mitsui Fudosan America Group Mitsui Fudosan UK Group SPCs Total Other and Elimination Balance at the Beginning of the Period 期首残高 New Investments*1 新規投資 *1 Cost Recovery 原価回収 398,634 +10,547 合計 Total （再評価差額を含む/Incl. Differences from Reserve on Revaluation） 286,230 282,453 +3,777 2,658,993 2,654,670 +4,322 1Q FY2025 4,707,418 40,914 -36,451 146,932 147,599 -666 148,655 149,884 -1,228 1Q FY2026 FY2025 増減 /Change 852,545 837,461 +15,083 276,001 277,694 -1,692 1Q FY2026 4,679,110 42,760 -38,440 17,063 4,700,494 4,700,494 4,679,110 +21,383 Balance at the End of the Period 88,422 Balance at the Beginning of the Period New Investments*2 Depreciation Other 期首残高 新規投資 *2 減価償却 その他 期末残高 Mitsui Fudosan Malaysia Group Other and Elimination 三井不動産マレーシアグループ その他・消去等 -95,223 86,608 242,711 242,738 4,616,658 三井不動産 三井不動産アメリカグループ Mitsui Fudosan Mitsui Fudosan America Group Mitsui Fudosan Residential Mitsui Fudosan Taiwan Group Tokyo Dome Group 台湾三井不動産グループ 東京ドームグループ 三井不動産レジデンシャル SPC合計 SPCs Total +1,814 -27 合計 Total （うちノンリコース債務） (Non-recourse Debt of Total) +366,663Mitsui Fudosan 三井不動産 1Q FY2026 -25,861 812,300 Mitsui Fudosan America Group三井不動産アメリカグループ 三井不動産レジデンシャル 1,027,702 1,053,564 Mitsui Fudosan Residential 752,500 +59,800 FY2025 増減 /Change -63,748Loans to Subsidiaries子会社貸付金 243,907 231,631 +12,275 161,581 147,433 +14,147 121,882 124,182 91,854 88,302 +3,551 -2,300 +9,000 Mitsui Fudosan UK Group Mitsui Fudosan Taiwan Group SPCs Total 英国三井不動産グループ 台湾三井不動産グループ SPC合計 Mitsui Fudosan Malaysia Group 東京ドームグループ +85,810Other and Eliminationその他・消去等 5,091,885 4,632,547 +459,338 +2,672 191,844 355,343 -1,524,539 Tokyo Dome Group 115,000 106,000 352,671 3,828,290 3,461,627 三井不動産マレーシアグループ 277,654 -1,588,287 Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 71
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単位:百万円/Unit: Yen in millions 2027年3月期 決算概要:連結業績予想 （2026年5月13日公表） Summary of FY2026 Financial Results:Consolidated Earnings Forecasts (Announced on May 13, 2026) FY2026 予想 / Forecast FY2025 実績 / Results 増減 /Change 2,800,000 2,709,747 +90,252 賃貸 Leasing 970,000 936,601 +33,398 分譲 Property Sales 740,000 729,271 +10,728 マネジメント Management 510,000 511,470 - 1,470 施設営業 Facility Operations 260,000 244,146 +15,853 その他 Others 320,000 288,257 +31,742 410,000 397,788 +12,211 450,000 445,120 +4,879 賃貸 Leasing 180,000 177,011 +2,988 分譲 Property Sales 210,000 193,182 +16,817 マネジメント Management 75,000 80,891 - 5,891 施設営業 Facility Operations 45,000 46,345 - 1,345 その他 Others 10,000 10,178 - 178 全社費用・消去 Corporate Expenses and Eliminations - 70,000 - 62,488 - 7,511 Non-operating Income (Expenses) - 95,000 - 84,469 - 10,530 純金利負担 Interest Income (Expense), in Net - 85,000 - 73,493 - 11,506 その他 Others, in Net - 10,000 - 10,975 +975 315,000 313,319 +1,680 Extraordinary Income (Losses) 105,000 83,695 +21,304 Income before Income Taxes 420,000 397,014 +22,985 Income Taxes - 135,000 - 125,163 - 9,836 Net Income 285,000 271,851 +13,148 親会社株主に帰属する当期純利益 Net Income Attributable to Shareholders of the Company 285,000 278,684 +6,315 - 6,833 当期純利益 非支配株主に帰属する 当期純損失 Net Loss Attributable to Non-controlling Shareholders 0 6,833 法人税等 2027年3月期 通期予想/FY2026 Forecast 営業収益 Revenue from Operations 営業利益 Operating Income 事業利益 Business Income 営業外損益 経常利益 Ordinary Income 特別損益 税前当期純利益 <Consolidated Earnings Forecasts for the Next Fiscal Year> For the next fiscal year, consolidated financial results are expected to reflect growth in leasing income driven by upward rent revisions for domestic and overseas offices and increased revenue at domestic and overseas retail facilities, as well as growth in income from property sales through accelerated asset turnover achieved by treating real property for sale and fixed assets on an integrated basis. As a result, revenue from operations, operating income, business income, ordinary income, and net income attributable to shareholders of the Company are all expected to reach record highs. ・The earnings forecasts for business income by each reportable segment are as follows: "Leasing" segment Although the expenses associated with completion of domestic offices and leasing properties in the U.S.A. increased, the segment is expected to record an increase in revenue and business income due to upward rent revisions for domestic offices and increases in revenue at domestic and overseas retail facilities. "Property Sales" segment Although there is an impact caused by sale of centrally located, high-priced and large-scale properties in residential property sales to individuals (domestic) recorded in the current fiscal year, the segment is expected to record an increase in revenue and business income due to the accelerated asset turnover achieved by treating real property for sale and fixed assets on an integrated basis in property sales to investors and residential property sales to individuals (overseas), etc. "Management" segment The segment is expected to record a decrease in business income due to the impact caused by one-time management fees, etc. recorded in the current fiscal year. "Facility Operations" segment Although further expansion of revenue and income is supported by robust demand at hotels and resorts, the segment is expected to remain revenue from operations and business income at roughly the same level as the current fiscal year, due to anticipated increases in costs associated with the completion of new large-scale properties. <Shareholder Returns> The Company plans to distribute an annual dividend of ¥37 per share for the next fiscal year, an increase of ¥2 from ¥35 per share for the current fiscal year (¥18.5 per share for both interim and year-end dividend). As part of a flexible capital policy for shareholder returns in fiscal year 2026, the Company has authorized the acquisition of treasury stock of up to ¥40.0 billion. In addition, the Company will also consider additional acquisition of treasury stock during the fiscal year. MITSUI FUDOSAN CO., LTD 72 Financial Results and Corporate Information, etc. 5 決算・企業情報等
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2027年3月期 決算概要:連結業績予想 （2026年5月13日公表） Summary of FY2026 Financial Results:Consolidated Earnings Forecasts (Announced on May 13, 2026) 単位:百万円/Unit: Yen in millions FY2026 予想 / Forecast FY2025 実績 / Results 増減/Change Revenue from Operations 310,000 439,356 -129,356 中高層分譲 Condominium Sales 270,000 400,848 -130,848 戸建分譲 Single-family Home Sales 40,000 38,507 +1,492 Operating Income 65,000 112,005 -47,005 Operating Margin 21.0% 25.5% - 4.5pt 単位:戸/Units FY2026 予想 / Forecast FY2025 実績 / Results 増減/Change 中高層 Condominiums 2,350 2,747 -397 戸建 Single-family Homes 350 407 -57 合計 Total 2,700 3,154 -454 ■分譲セグメント内訳 Breakdown of Property Sales Segment 国内住宅分譲 Residential Property Sales to Individuals (Domestic) 営業収益 営業利益 営業利益率 ■国内住宅分譲戸数 Residential Property Sales to Individuals (Domestic Units) 単位:百万円/Unit: Yen in millions FY2026 予想 / Forecast FY2025 実績 / Results 増減/Change New Investments 300,000 246,375 +53,624 Depreciation Expenses 160,000 150,976 +9,023 単位:百万円/Unit: Yen in millions FY2026 予想 / Forecast FY2025 実績 / Results 増減/Change New Investments 790,000 644,442 +145,557 Cost Recovery 610,000 520,303 +89,696 単位:百万円/Unit: Yen in millions FY2026 予想 / Forecast FY2025 実績 / Results 増減/Change Interest-bearing Debt 4,800,000 4,632,547 +167,452 新規投資 原価回収 ■有利子負債 Interest-bearing Debt 有利子負債 ■販売用不動産・前渡金 Real Property for Sale (including Advances Paid for Purchases) ■有形・無形固定資産 Tangible and Intangible Fixed Assets 新規投資 減価償却費 Financial Results and Corporate Information, etc. 決算・企業情報等 5 MITSUI FUDOSAN CO., LTD. 73
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MITSUI FUDOSAN CO., LTD. Summary of 1Q, FY2026 Financial Results:Notes to Consolidated Financial Statements 2027年3月期 第1四半期決算概要:注記情報 偶発債務 当社連結子会社の三井不動産レジデンシャル株式会社（以下、「レジデンシャル社」とす る。）が分譲した横浜市所在のマンション（以下、「当マンション」とする。）において、基礎 部分となる杭の一部の不具合が推定されておりましたが、2016年４月11日、レジデンシャ ル社は、施工会社である三井住友建設株式会社から、現況調査として杭の一部が支持層 に未達である旨の報告書を受領いたしました。また、2016年８月26日、レジデンシャル社 は、横浜市から当マンションが建築基準法に違反していること、および当該違反の是正措置 について当マンションの区分所有者と協議を行い、責任を持って解決にあたることを求める旨 の通知書を受領いたしました。 レジデンシャル社は、2016年５月８日、当マンションの管理組合との間において、杭の不 具合に起因する当マンションの建替えを含めたいくつかの是正方法および補償に関する方針、 並びに当該事象にかかる費用をレジデンシャル社が負担する旨の合意書（以下、「合意 書」とする。）を締結いたしました。また、当マンションの管理組合は、2016年９月19日、 是正方法として建物の区分所有等に関する法律に基づく決議を行い、全棟建替えを行うこ とを決定し、2021年２月25日に建替え工事が完了いたしました。 当マンションについては、施工会社である三井住友建設株式会社より杭施工時に施工記 録のデータの転用・加筆等が行われたとの報告書を受領し、また、杭の一部が支持層に未 達であること、当マンションが建築基準法違反であることが確認されております。このため、レ ジデンシャル社は、上記合意書に基づく当マンションの建替え費用、建物工事期間中の仮 住まい費用等発生費用のすべてについて、施工会社である三井住友建設株式会社並びに 杭施工を行った株式会社日立ハイテクノロジーズ（現 株式会社日立ハイテク）および旭 化成建材株式会社に対し、不法行為責任、瑕疵担保責任等に基づき求償することとして おりました。レジデンシャル社は、2017年11月28日、この求償方針に従って損害賠償を上 記３社に請求する訴訟を提起しました。 2026年６月17日、東京地方裁判所において第一審判決が言い渡され、上記３社に 対し、約13億円をレジデンシャル社に支払うこと等が命じられました。レジデンシャル社は、当 該判決を不服として、2026年６月30日、東京高等裁判所に控訴を提起いたしました。 請求金額は当第１四半期末で約505億円となります。なお、上記発生費用のうち、レジデ ンシャル社が当第１四半期末までに仮払いした金額については、当社四半期連結貸借対 照表の流動資産に計上しております。 今後、当該事象の進捗状況によっては、当社グループの連結業績に影響が生じる可能性 がありますが、現時点ではその影響額を合理的に見積ることは困難な状況にあります。 Mitsui Fudosan Residential Co., Ltd. (hereinafter referred to as "Residential Company"), a consolidated subsidiary of the Company, presumed some defects in the piles forming the foundation of a condominium located in Yokohama City (hereinafter referred to as "the Condominium"). On April 11, 2016, the Residential Company was informed by Sumitomo Mitsui Construction Co., Ltd., the construction company, that the current condition survey revealed some of the piles failed to reach the supporting layer. Furthermore, on August 26, 2016, the Residential Company received a notice from Yokohama City stating that the Condominium was in violation of the Building Standards Act and that the Residential Company was required to discuss corrective measures for the violation with the unit owners of the Condominium and to take necessary actions to resolve the issue. On May 8, 2016, the Residential Company entered into an agreement with the management association of the Condominium regarding several corrective plans, including the reconstruction of the Condominium due to the pile defects, and the policy on compensation, as well as an agreement that the Residential Company would bear the costs related to the incident (hereinafter referred to as "the Agreement"). Additionally, on September 19, 2016, the management association of the Condominium made a resolution based on the Act on Building Unit Ownership, as a corrective method, and decided to reconstruct the entire building, which was completed on February 25, 2021. The Residential Company has received a report from Sumitomo Mitsui Construction Co., Ltd., the construction company, stating that the construction records were manipulated for the data of pile installation, and it has been confirmed that some of the piles did not reach the supporting layer, and that the Condominium was in violation of the Building Standards Act. Therefore, the Residential Company has been seeking compensation from Sumitomo Mitsui Construction Co., Ltd., Hitachi High-Technologies Corporation (currently Hitachi High-Tech Corporation), and ASAHI KASEI CONSTRUCTION MATERIALS CORPORATION, the companies responsible for the pile installation, based on tort liability, warranty against defects, for all costs incurred, including the reconstruction costs of the Condominium and temporary housing expenses during the construction period. Following this compensation policy, on November 28, 2017, the Residential Company filed a lawsuit against the three companies for damages. On June 17, 2026, the Tokyo District Court handed down a first-instance judgment ordering the three companies to pay approximately ¥1.3 billion to the Residential Company, among other things. Dissatisfied with the judgment, the Residential Company filed an appeal with the Tokyo High Court on June 30, 2026. The amount of the claim is approximately ¥50.5 billion. The amount that the Residential Company has provisionally paid by the end of the first quarter of the fiscal year for the costs is recorded as current assets in the Company’s quarterly consolidated balance sheets. In the future, depending on the progress of this incident, there is a possibility that it may affect the consolidated results of operations of the Group. At present, however, it is difficult to reasonably estimate the amount of the impact. Contingent Liabilities Financial Results and Corporate Information, etc. 決算・企業情報等 5 74
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MITSUI FUDOSAN CO., LTD. Trends in Performance Financial Results and Corporate Information, etc. 決算・企業情報等 5業績推移 1,567.9 1,704.4 1,751.1 1,861.1 1,905.6 2,007.5 2,100.8 2,269.1 2,383.2 2,625.3 2,709.7 2,800.0 0 500 1,000 1,500 2,000 2,500 3,000 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 117.7 131.8 155.8 168.6 183.9 129.5 176.9 196.9 224.6 248.7 278.6 285.0 202.4 232.6 245.9 262.1 280.6 203.7 244.9 305.4 339.6 398.6 445.1 450.0 0 100 200 300 400 500 600 700 800 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 FY2026 （予想/Forecast）FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016FY2015 2,800.02,709.72,625.32,383.22,269.12,100.82,007.51,905.61,861.11,751.11,704.41,567.9営業収益/Revenues from Operations （十億円/Billion of yen） 450.0445.1398.6339.6305.4244.9203.7280.6262.1245.9232.6202.4事業利益*1/Business income *1 （十億円/Billion of yen） 285.0278.6248.7224.6196.9176.9129.5183.9168.6155.8131.8117.7 親会社株主に帰属する当期純利益 Profit Attributable to Owners of Parent （十億円/Billion of yen） 105約 ≈101.089.380.269.361.544.862.857.152.644.539.7EPS *２（円/yen） 373531282118151515131110年間配当/株 *２/Annual Dividend Per Share *２ （円 /yen） 40.057.045.040.030.030.015.025.016.015.0--自己株式取得 /Share Repurchase （十億円/Billion of yen） -54.952.752.744.946.644.236.935.135.025.525.2総還元性向*３ Total Payout Ratio *３（%） -4.54.13.93.93.32.84.24.44.64.64.1ROA*４（%） 8.5%以上 8.5% or higher8.78.07.56.96.65.27.77.47.46.86.2ROE*５（%） *1 2023年度以前は営業利益の数字を記載/Operating income is disclosed for FY2023 and prior. *2 普通株式1株につき3株の株式分割を行っております。2022年度以前は前連結会計年度の期首に当該株式分割が行われたと仮定して、数値を算定しております。 /The Company conducted a 3-for-1 stock split for common shares, and calculated the figures for fiscal years prior to fiscal year 2022 as if the stock split had been conducted at the beginning of the previous fiscal year. *3 総還元性向＝(配当総額＋自己株式取得総額)／親会社株主に帰属する当期純利益/Total payout ratio=(Total dividends + Total amount of treasury stock acquired)／Profit Attributable to Owners of Parent *4 2023年度以前:ROA=(営業利益＋営業外収益)/総資産期首期末平均残高 2024年度以降:ROA=事業利益/総資産期首期末平均残高 /～FY2023:ROA=(Operating income + non-operating income)/average total assets over period FY2024～:ROA=Business income/average total assets over period *5 ROE=親会社株主に帰属する当期純利益／自己資本期首期末平均残高/ROE=Profit Attributable to Owners of Parent／Average shareholders‘ equity over the period 営業収益の推移 Trends in Revenues from Operations 事業利益・親会社株主に帰属する当期純利益の推移 Trends in Business income and Profit Attributable to Owners of Parent十億円 Billions of yen 予想 (Forecast) *2023年度以前は営業利益の数字を記載 *Operating income is disclosed for FY2023 and prior. 2026年5月13日時点 As of May 13, 2026 予想 (Forecast) 十億円 Billions of yen 事業利益* /Business income* 親会社株主に帰属する当期純利益 /Profit Attributable to Owners of Parent 75
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MITSUI FUDOSAN CO., LTD. Rental Properties 賃貸等不動産 賃貸不動産の規模と評価益の推移 Trend in Size and Unrealized Gain from Rental Properties その他の有形・無形固定資産 Other Tangible and Intangible Fixed Assets 三井不動産G総資産 10.1兆円 Mitsui Fudosan Group Total Assets ￥10.1 trillion その他資産 Others 賃貸等不動産（保有・賃貸目的） Rental Properties (for Holding / Rental Purpose) 販売用不動産 （投資家向け） Real Property for Sale (to Investors) 販売用不動産 （個人向け） Real Property for Sale (to Individuals) 有形・無形固定資産 Tangible and Intangible Fixed Assets 販売用不動産 Real Property for Sale その他資産 Others 3,729.5 1,846.8 756.2 2,821.2 949.6 十億円/Billions of Yen 差額(評価益) Difference (Unrealized Gain) 期末時価 2026年3月期 期末簿価 2026年3月期 Year-end Market Price FY2025 Year-end Book Value FY2025 1,850.33,340.81,490.4Officeオフィス 国内 Domestic稼働資産 Operating Assets 762.71,391.4628.7Retail Facilities商業施設 162.4420.7258.3Otherその他 971.01,794.1823.1Officeオフィス海外 Overseas 100.1307.3207.2Retail Facilities, other商業施設等 138.5203.464.9Subject to Valuation*1時価評価対象*1開発中資産 Under Development 0256.9256.9Not Subject to Valuation時価評価対象外 3,985.17,714.63,729.5合計/Total +299.6+221.9-77.7前期末からの差異/Difference from End of Last Year *1 2027年3月期に竣工予定の国内における賃貸用不動産/Domestic rental properties scheduled to be completed in FY2026 十億円/Billions of Yen ■賃貸等不動産の評価益 Unrealized Gain from Rental Properties 十億円/Billions of Yen 含み益 Unrealized Gain 時価 Market Price 簿価 Book value 4,618.38,878.54,260.1固定資産 / Fixed Assets 3,985.17,714.63,729.5①賃貸等不動産 ①Rental Properties 633.21,163.9530.6②賃貸等不動産以外の用途の不動産 ②Real Estate Other Than Rental Properties 702.31,789.51,087.2販売用不動産 / Real Property for Sale 702.31,789.51,087.2③販売用不動産（投資家向け,稼働済） ③Real Property for Sale (to Investors, Operating) 5,320.610,668.05,347.3合計 / Total (参考)賃貸等不動産以外の資産も含めた時価評価 (Reference) Market price including assets other than rental properties 十億円/Billions of Yen ① 賃貸等不動産 Rental Properties ③ 販売用不動産（投資家向け,稼働済） Real Property for Sale (to Investors, Operational) 10.1兆円 ￥10.1 trillion 2,648.4 2,645.1 2,960.7 3,024. 3,171.1 3,029.6 3,106.5 3,433.1 3,592.7 3,807.2 3,729.5 1,912.2 2,183.4 2,475.4 2,749.6 2,918.4 2,826.5 3,030.3 3,262.6 3,268.9 3,685.5 3,985.1 4,560.6 4,828.5 5,436.1 5,773.6 6,089.5 5,856.1 6,136.8 6,695.7 6,861.6 7,492.7 7,714.6 0.0 1,000.0 2,000.0 3,000.0 4,000.0 5,000.0 6,000.0 7,000.0 8,000.0 9,000.0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 簿価 / Book Value 評価益 / Unrealized Gain ② 賃貸等不動産以外の用途の不動産 Real Estate Other Than Rental Properties Financial Results and Corporate Information, etc. 決算・企業情報等 5 76
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MITSUI FUDOSAN CO., LTD. Company Data:Stock Information 当社企業データ:株式情報 3月末時点の株主構成比 Shareholder Composition as of March 31 5.0 4.6 4.6 4.4 4.0 4.2 4.3 4.1 4.7 4.4 5.3 5.0 31.9 33.7 34.6 35.1 37.6 38.5 37.1 37.3 34.5 35.0 34.3 32.5 54.0 52.3 50.8 51.4 47.9 47.0 46.0 46.9 48.3 50.4 49.9 51.1 9.1 9.4 10.0 9.1 10.5 10.3 12.6 11.6 12.6 10.2 10.4 11.3 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 個人/Individuals 金融機関/Financial Institutions 外国人/Foreign Nationals その他/Other Companies, etc. Financial Results and Corporate Information, etc. 決算・企業情報等 5 77
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MITSUI FUDOSAN CO., LTD. Company Data:Examples of Developments in Leasing Business 当社企業データ:賃貸事業の開発事例 保有資産の建替 Reconstruction of Owned Assets グループ会社が保有する資産 を一体的に建て替え Integrally reconstruct multiple assets held by the Group 相対取引、入札等により 新たな事業機会を獲得 Acquire new business opportunities through arm’s length transactions, bidding, etc. 一般的な開発 Standard-Type Development 市街地再開発事業 Urban Area Redevelopment Project 【市街地再開発の特徴 /Overview of Urban Area Redevelopment】 主な開発プロジェクトの開発期間 (参考例) /Development periods of main development projects（Reference example） *事業期間は、プロジェクトの事業化を決定した時点を起点としています。 また、再開発事業においては再開発の実現に向けた地権者との合意形成（勉強会等による協議）の期間を含みます。 事業期間 Project Periods 事業スケジュール /Project Schedule所在地 Location プロジェクト名 Project Name 種別 Type エリア Area 20242023202220212020201920182017201620152014201320122011201020092008200720062005200420032002 20.0 ★地権者勉強会開始 Initiate study groups with other landowners 東京都・中央区 Chuo-ku, Tokyo 東京ミッドタウン八重洲 TOKYO MIDTOWN YAESU 複合型 Mixed use 国内 Domestic 7.0東京都・中央区 Chuo-ku, Tokyo 日本橋室町三井タワー Nihonbashi Muromachi Mitsui Tower 6.0愛知県・名古屋市 Nagoya, Aichi ららぽーとみなとアクルス LaLaport NAGOYA Minato AQULS 商業 Retail Facilities 3.0東京都・板橋区 Itabashi-ku, Tokyo MFLP・LOGIFRONT東京板橋 MFLP LOGIFRONT Tokyo Itabashi 物流 Logistics Facilities 11.0東京都・新宿区 Shinjuku-ku, Tokyo パークタワー西新宿 PARK TOWER NISHISINJUKU 中高層分譲 Condominiums 4.0米国・NY New York, U.S. 55ハドソンヤード 55 Hudson Yards オフィス Office 海外 Overseas 3.0台湾・台中市 Taichung City, Taiwan MOP台湾台中港 MOP TAICHIUNG PORT 商業 Retail Facilities ★準備組合設立 Establish preparation union ★入札参加 Take part in bidding ★準備組合設立 Establish preparation union ★出資契約締結 Enter into investment agreement ★入札参加 Take part in bidding 入札/From bidding to operator determination 地権者協議、事業検討など/Consultations with landowners, business reviews, etc. 設計、計画推進/Promotion of design and planning 建築工事期間(解体期間を含む)/Construction work period (including dismantling period) ① ② ③ ④ *The project period starts from when commercialization as a company is decided to have been made. In the case of redevelopment projects, the project period also includes the time needed to draw up an agreement(consultations by study groups, etc.) with landowners intending to bring the redevelopment to fruition. Before After 公共施設 イ メ ー ジ 権 利 形 態 保留床取得者 ① ④② ③ ① ② ③ 建 物 土 地 Before After （事例）東京ミッドタウン八重洲 （case）TOKYO MIDTOWN YAESU public facility X 保留床取得者 purchasers of reserved floorspace 従前権利者 ①～④ Rights holders Y 地方公共団体 local government Type of rights Image Building Land purchasers of reserved floorspace ①② ③④ X ①②③④ XY 権利床 保留床 Reserved floor space rights-holders’ floor space Financial Results and Corporate Information, etc. 決算・企業情報等 5 78
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MITSUI FUDOSAN CO., LTD. Company Data:Financial Data (Last 11 Years) 当社企業データ:財務データ（過去11年） 20252024202320222021202020192018201720162015年度/FY 2,709,7472,625,3632,383,2892,269,1032,100,8702,007,5541,905,6421,861,1951,751,1141,704,4161,567,969Revenue from Operations営業収益 経営成績 Operating Results 445,120398,688339,690305,405244,978203,770280,617262,147245,902232,698202,482Business Income*1事業利益*1 313,319290,262267,890265,358224,940168,865258,510254,106240,341219,607182,521Ordinary Income経常利益 278,684248,799224,647196,998176,986129,576183,972168,661155,874131,815117,722Profit Attributable to Owners of Parent親会社株主に帰属する当期純利益 10,103,4749,859,8569,489,5278,841,3968,208,0127,741,9727,395,3596,802,7316,284,7235,551,7515,363,477Total Assets総資産 財務状態 Financial Situation 2,603,0872,500,7572,375,2812,163,6342,051,7041,930,5281,907,8391,630,5581,524,8631,334,1671,167,745Real Property for Sale*2販売用不動産*2 4,679,1104,707,4184,405,5264,293,1303,914,1353,796,8003,753,1413,500,4823,318,9282,967,7882,968,975Tangible and Intangible Fixed Assets有形・無形固定資産 246,375362,760246,609386,592272,389565,266379,279390,514440,752173,745207,172Capital Expenditure資本的支出 150,976140,516133,726125,298111,50098,19691,43479,03470,16771,35767,460Depreciation減価償却費 4,632,5474,416,0864,430,4224,048,5313,667,2343,623,4383,481,1172,906,6102,604,6562,287,4892,226,236Interest-Bearing Debt*3有利子負債*3 3,277,5083,146,8373,110,0882,900,7262,796,4742,555,8852,408,6792,342,5122,204,8821,984,6351,922,305Shareholders' Equity自己資本 145,270599,252241,697297,708271,469187,86287,094216,70930,143227,43232,154Cash Flows from Operating Activities営業活動によるキャッシュ・フロー キャッシュ・フロー Cash Flow -179,014-321,970-286,987-422,034-210,057-131,035-532,806-388,895-365,464-201,583-239,719Cash Flows from Investing Activities投資活動によるキャッシュ・フロー -59,118-269,36759,988111,448-139,600-66,565467,751231,238289,15015,071201,110Cash Flows from Financing Activities財務活動によるキャッシュ・フロー 82,317163,272179,249132,310142,682187,723179,472157,682100,708148,546109,966Balance for Cash and Cash Equivalents at End of Period現金及び現金同等物の期末残高 101.089.3 80.2 69.3 61.5 44.8 62.8 57.1 52.6 44.5 39.7 EPS (Earnings Per Share) (Yen)*4EPS(1株当たり純利益)(円)*4 1株当たり指標 Indicators per Share 1,206.11,135.1 1,109.9 1,035.8 980.7 885.5 826.8 794.9 743.7 669.5 648.5 BPS (Book-value Per Share) (Yen)*4BPS(1株当たり純資産)(円)*4 3531 28 21 18 15 15 15 13 11 10 Cash Dividends (Yen)*4配当金(円)*4 4.464.12 3.94 3.86 3.31 2.84 4.18 4.44 4.58 4.59 4.14 ROA(%)*5ROA(%)*5 財務指標 Financial Indexes 8.687.95 7.47 6.92 6.61 5.22 7.74 7.42 7.44 6.75 6.20 ROE(%)*6ROE(%)*6 1.411.40 1.42 1.40 1.31 1.42 1.45 1.24 1.18 1.15 1.16 D/E Ratio (Times)*7D/Eレシオ(倍)*7 32.431.9 32.8 32.8 34.1 33.0 32.6 34.4 35.1 35.7 35.8 Equity Ratio (%)自己資本比率(%) 54.952.7 52.7 44.9 46.6 44.2 36.9 35.1 35.0 25.5 25.2 Total Payout Ratio (%)総還元性向(%) 百万円/Millions of yen *1 事業利益＝ 営業利益+持分法投資損益（不動産分譲を目的とした関係会社株式売却損益含む）+固定資産売却損益 なお、2023年度以前は営業利益の数字を記載しております。 Business income = Operating income + Equity in earnings/losses of affiliates (including Gain/loss on sales of shares of affiliates for the purpose of real estate sales) + Gain/loss on sales of fixed assets. Operating income is disclosed instead for fiscal 2023 and prior years *2 販売用不動産=販売用不動産＋仕掛販売用不動産＋開発用土地＋前渡金/Real property for sale = Real property for sale + real property for sale in progress + land for development + advances paid for purchases *3 有利子負債=短期借入金＋NR短期借入金＋CP＋短期償還社債＋NR短期償還社債＋社債＋NR社債＋⾧期借入金＋NR⾧期借入金 Interest-bearing debt = Short-term debt + non-recourse short-term debt + commercial paper+ bonds redeemable within one year + non-recourse bonds redeemable within one year + corporate bonds + non-recourse bonds + long-term debt + non-recourse long-term debt *4 普通株式1株につき3株の株式分割を行っております。2022年度以前は前連結会計年度の期首に当該株式分割が行われたと仮定して、数値を算定しております。配当金については小数点以下を四捨五入しております。 The Company conducted a 3-for-1 stock split for common shares, and calculated the figures for fiscal years prior to fiscal year 2022 as if the stock split had been conducted at the beginning of the previous fiscal year.Cash dividends are rounded to the nearest yen. *5 2023年度以前:ROA=(営業利益＋営業外収益)/総資産期首期末平均残高 2024年度以降:ROA=事業利益/総資産期首期末平均残高 ～FY2023:ROA=(Operating income + non-operating income)/average total assets over period FY2024～:ROA=Business income/average total assets over period *6 ROE=親会社株主に帰属する当期純利益/自己資本期首期末平均残高/ROE=Profit attributable to owners of parent /average shareholders’ equity over the period *7 D/Eレシオ =有利子負債/自己資本/Debt Equity ratio=Interest-bearing debt/shareholders’ equity Financial Results and Corporate Information, etc. 決算・企業情報等 5 79
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MITSUI FUDOSAN CO., LTD. *1 三井不動産および連結子会社のうち、建物保有会社もしくは従業員100人以上の会社が保有する施設となります。集計範囲・方法の見直し等により数値が変動する可能性があります。 *1 Facilities owned by Mitsui Fudosan and its consolidated subsidiaries that either own properties or have 100 or more employees. Values are subject to change due to revisions to aggregation range and methods. *2 FY2018～FY2020:対象範囲は原則として「エネルギーの使用の合理化等に関する法律」に基づいて報告義務のある施設となります。ただし、一部の施設を除きます。 *2 FY2018-FY2020 : In principle, the scope of the project covers facilities that are required to report based on the Law Concerning the Rational Use of Energy. However, some facilities are excluded. *3 各年度とも翌年度期初4月1日の数値となります。 *3 Figures for each fiscal year are those for the beginning of the fiscal year starting April 1 of the following year. *4 育児目的休暇の取得率。分母:該当年度に配偶者が出産した人数、分子:該当年度に育児目的休暇を取得した人数 *4 Percentage of persons taking leave intended for childcare. Denominator: Number of people whose own spouse gave birth in the relevant year, Numerator: number of persons who took leave for childcare purposes in the relevant year. 詳細は、「サステナビリティレポート」を参照 https://www.mitsuifudosan.co.jp/esg_csr/report/ For details, please refer to the latest Sustainability Report https://www.mitsuifudosan.co.jp/english/esg_csr/report/ 2025202420232022202120202019単位/Unit年度/FY 3,8224,6113,9415,5034,1994,6904,3831,000t-CO2 Greenhouse gas (GHG) emissions (based on SBT standards) 温室効果ガス(GHG)排出量 (SBT基準に基づく) 環境指標*1 Environmental Indicators *1 2132091861831401151041,000t-CO2Of these, Scope 1うちScope1 3233194304574383634131,000t-CO2Of these, Scope 2うちScope2 3,2854,0833,3254,8633,6214,2113,8651,000t-CO2Of these, Scope 3うちScope 3 4,391,5124,240,1234,135,8363,935,3523,653,3271,433,2371,488,256MWhEnergy usage*2エネルギー消費量*2 16,90216,14515,34714,21011,8495,3655,7261,000㎥/年 1,000 ㎥/yearWater usage (intake volume)*2水使用量(取水量)*2 15,02514,41713,71412,54610,4454,7115,5391,000㎥/年 1,000 ㎥/yearWater usage (discharge volume)*2水使用量(排水量)*2 144,905141,460137,986127,369112,37538,08047,188t/年 t/yearWaste emissions volume*2廃棄物排出量*2 27,70426,63025,59324,70624,40823,99220,864人/personsNo. of employees (Consolidated)従業員数(連結) 人材指標 Human Resources Indicators 1,9811,9282,0491,9731,8981,7761,678人/personsOf these, Mitsui Fudosan Co., Ltd. (Non-consolidated)うち三井不動産(単体) 11.110.29.27.76.85.74.5％Women in management positions ratio (Non-consolidated)*3女性管理職比率(単体)*3 22.418.919.718.016.514.312.5％Women in general positions ratio (Non-consolidated)*3女性総合職比率(単体)*3 15.615.716.216.215.013.814.9日/daysNumber of paid leave days taken有給休暇取得日数 64(103.2%)50(100%)63(116.6%)59(122.9%)38(79.2%)28(70.0%)25(61.0%)人/personsNumber (percentage) of persons taking childcare leave, men (Non-consolidated)*4 育児休業取得者数(比率) 男性 (単体) *4 25(100%)23(100%)25(96%)22(100%)20(95.2%)13(100%)10(100%)人/personsNumber (percentage) of persons taking childcare leave, women (Non-consolidated) 育児休業取得者数(比率) 女性 (単体) 100100100100100100100％Return rate from childcare leave (Non-consolidated)育児休業取得者の復帰率(単体) 10010010010010099.599.8％Health checkup and screening rate(Non-consolidated)健康診断・人間ドック受診率(単体) 1.281.310.930.660.810.510.53％Employee turnover rate (full-time employees) (Non-consolidated)離職率（正社員）(単体) Company Data:Non-Financial Data 当社企業データ:非財務データ Financial Results and Corporate Information, etc. 決算・企業情報等 5 80
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MITSUI FUDOSAN CO., LTD. ■延床面積*1上位15物件*2（2026年3月末時点） Total floor space*1Top 15 properties*2(As of March 31, 2026) *1:建物延床面積に当社持分を乗じて算出/Calculated by multiplying the total floor space of the building by our interest *2:当社が持分を保有する施設を対象/Facilities in which we hold an interest オフィス以外の用途/Main applications竣工/Completion延床面積(約) /Total Floor Space (Approx.)所在/Location名称/Name 商業、ホテル、住宅 Retail, Hotel, Housing 2007年1月 Jan. 2007⋍ 282,000㎡東京都港区 Minato-ku, Tokyo 東京ミッドタウン TOKYO MIDTOWN 商業 Retail 2018年2月 Feb. 2018⋍ 189,000㎡東京都千代田区 Chiyoda-ku, Tokyo 東京ミッドタウン日比谷 TOKYO MIDTOWN HIBIYA 商業 Retail 2019年3月 Mar. 2019⋍ 152,000㎡東京都中央区 Chuo-ku, Tokyo 日本橋室町三井タワー Nihonbashi Muromachi Mitsui Tower 商業 Retail 1968年4月 Apr. 1968⋍ 145,000㎡東京都千代田区 Chiyoda-ku, Tokyo 霞が関ビルディング Kasumigaseki Building 商業、ホテル Retail, Hotel 2005年7月 Jul. 2005⋍ 134,000㎡東京都中央区 Chuo-ku, Tokyo 日本橋三井タワー Nihonbashi Mitsui Tower 商業、ホテル Retail, Hotel 2022年8月 Aug. 2022⋍ 108,000㎡東京都中央区 Chuo-ku, Tokyo 東京ミッドタウン八重洲 TOKYO MIDTOWN YAESU 商業 Retail 2004年1月 Jan. 2004⋍ 93,000㎡東京都中央区 Chuo-ku, Tokyo 日本橋一丁目三井ビルディング Nihonbashi 1-Chome Mitsui Building 商業 Retail 2018年6月 Jun. 2018⋍ 84,000㎡東京都中央区 Chuo-ku, Tokyo 日本橋髙島屋三井ビルディング Nihonbashi Takashimaya Mitsui Building 商業 Retail 2007年10月 Oct. 2007⋍ 82,000㎡東京都千代田区 Chiyoda-ku, Tokyo グラントウキョウノースタワー GranTokyo North Tower –2010年7月 Jul. 2010⋍ 80,000㎡東京都千代田区 Chiyoda-ku, Tokyo 三井住友銀行本店ビルディング Sumitomo Mitsui Banking Corporation Head Office Building 商業、ホテル Retail, Hotel 2018年5月 May 2018⋍ 75,000㎡東京都港区 Minato-ku, Tokyo msb Tamachi 田町ステーションタワーS msb Tamachi Tamachi Station Tower South 商業、住宅 Retail, Housing 2014年4月 Apr. 2014⋍ 48,000㎡千葉県柏市 Kashiwa, Chiba ゲートスクエア GATE SQUARE 商業 Retail 2014年8月 Aug. 2014⋍ 48,000㎡北海道札幌市 Sapporo, Hokkaido 札幌三井JPビルディング Sapporo Mitsui JP Building 商業 Retail 2010年10月 Oct. 2010⋍ 40,000㎡東京都中央区 Chuo-ku, Tokyo 室町東三井ビルディング Muromachi Higashi Mitsui Building 商業 Retail 2008年3月 Mar. 2008⋍ 39,000㎡大阪府大阪市 Osaka, Osaka 淀屋橋三井ビルディング Yodoyabashi Mitsui Building List of Main Properties in Operation (Domestic) 主な稼働物件一覧（国内） Leased floor space Approx. 2,069,000㎡ (Consolidated, Own Properties, as of March 31, 2026) オフィス Office Buildings 貸付面積 約2,069,000㎡ （連結、当社グループ保有物件、2026年3月末時点） Financial Results and Corporate Information, etc. 決算・企業情報等 5 81
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MITSUI FUDOSAN CO., LTD. ■リージョナル型施設 店舗面積上位10物件（2026年3月末時点）/Top 10 regional facilities by shop area (As of March 31, 2026) 店舗売上 （10億円単位、2025年度） Store sales, Billions of yen, FY2025 開業年月 Opening date 店舗数（約） No. of shops (Approx.) 店舗面積（約） Shop Area (Approx.) 所在 Location 名称 Name 791981年4月 Apr. 1981⋍ 420⋍ 133,000㎡Funabashi, Chiba千葉県船橋市LaLaport TOKYO-BAY *1ららぽーとTOKYO-BAY *1 462007年3月 Mar. 2007⋍ 280⋍ 93,000㎡Yokohama, Kanagawa神奈川県横浜市LaLaport YOKOHAMAららぽーと横浜 572015年11月 Nov. 2015⋍ 310⋍ 88,000㎡Suita, Osaka大阪府吹田市LaLaport EXPOCITYららぽーとEXPOCITY 562015年4月 Apr. 2015⋍ 290⋍ 80,000㎡Fujimi, Saitama埼玉県富士見市LaLaport FUJIMIららぽーと富士見 992006年9月 Sep. 2006⋍ 330⋍ 79,000㎡Kawasaki, Kanagawa神奈川県川崎市LAZONA Kawasaki Plazaラゾーナ川崎プラザ 482022年4月 Apr. 2022⋍ 220⋍ 73,000㎡Fukuoka, Fukuoka福岡県福岡市LaLaport FUKUOKAららぽーと福岡 522006年10月 Oct. 2006⋍ 210⋍ 67,000㎡Koto-ku, Tokyo東京都江東区LaLaport TOYOSUららぽーと豊洲 452023年4月 Apr. 2023⋍ 250⋍ 66,000㎡Kadoma, Osaka大阪府門真市LaLaport Kadoma / MOP Osaka Kadoma*２*３ ららぽーと門真 / MOP大阪門真*２*３ 352019年10月 Oct. 2019⋍ 210⋍ 64,000㎡Numazu, Shizuoka静岡県沼津市LaLaport NUMAZUららぽーと沼津 292020年9月 Sep. 2020⋍ 200⋍ 63,000㎡Aichi-gun, Aichi愛知県愛知郡LaLaport AICHI TOGOららぽーと愛知東郷 ■アウトレット型施設 店舗面積上位10物件（2026年3月末時点）/Top 10 Outlet-type Facilities by shop area (As of March 31, 2026) 店舗売上 （10億円単位、2025年度） Store sales, Billions of yen, FY2025 開業年月 Opening date 店舗数（約） No. of shops (Approx.) 店舗面積（約） Shop Area (Approx.) 所在 Location 名称 *3 Name 792012年4月 Apr. 2012⋍ 330⋍ 53,100㎡Kisarazu, Chiba千葉県木更津市MOP KISARAZUＭＯＰ木更津 582002年3月 Mar. 2002⋍ 300⋍ 46,000㎡Kuwana, Mie三重県桑名市MOP JAZZ DREAM NAGASHIMAＭＯＰジャズドリーム⾧島 312010年7月 Jul. 2010⋍ 240⋍ 37,000㎡Gamo-gun, Shiga滋賀県蒲生郡MOP SHIGA RYUOＭＯＰ滋賀竜王 14 *42025年11月 Nov. 2025⋍ 180⋍ 35,000㎡Okazaki, Aichi愛知県岡崎市MOP OKAZAKIＭＯＰ岡崎 302010年4月 Apr. 2010⋍ 180⋍ 30,000㎡Kitahiroshima, Hokkaido北海道北広島市MOP SAPPOROKITAHIROSHIMAＭＯＰ札幌北広島 241998年9月 Sep. 1998⋍ 170⋍ 27,000㎡Yokohama, Kanagawa神奈川県横浜市MOP YOKOHAMA BAYSIDEＭＯＰ横浜ベイサイド 112015年7月 Jul. 2015⋍ 170⋍ 26,000㎡Oyabe, Toyama富山県小矢部市MOP HOKURIKU OYABEＭＯＰ北陸小矢部 221999年10月 Oct. 1999⋍ 140⋍ 23,000㎡Kobe, Hyogo兵庫県神戸市MOP MARINE PIA KOBEＭＯＰマリンピア神戸 222000年10月 Oct. 2000⋍ 140⋍ 23,000㎡Chiba, Chiba千葉県千葉市MOP MAKUHARIＭＯＰ幕張 152008年9月 Sep. 2008⋍ 120⋍ 20,000㎡Sendai, Miyagi宮城県仙台市MOP SENDAI PORTＭＯＰ仙台港 *2 「ららぽーと」と「三井アウトレットパーク」の複合物件、数値は全て合算し算出。/ Complex property of “LaLaport” and “MITSUI OUTLET PARK". All figures are combined. *3 MOP＝三井アウトレットパーク / MITSUI OUTLET PARK *4 2025年11月開業後の店舗売上 / Store Sales Following the Opening in November 2025 List of Main Properties in Operation (Domestic) 主な稼働物件一覧（国内） 商業施設 Retail Facilities Leased floor space Approx. 2,248,000㎡ ( Consolidated , Own Properties, as of March 31, 2026) 貸付面積 約2,248,000㎡ （連結、当社グループ保有物件、2026年3月末時点） Financial Results and Corporate Information, etc. 決算・企業情報等 5 *1:ららぽーとTOKYO-BAY North Gateを含む数値/Including LaLaport TOKYO-BAY North Gate 82
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MITSUI FUDOSAN CO., LTD. テナント構成/Tenant Composition竣工/Completion延床面積(約）/Total Floor Space(Approx.)所在/Location名称/Name マルチテナント Multi-tenant2016年10月 Oct. 2016⋍ 198,000㎡Funabashi, Chiba千葉県船橋市MFLP FUNABASHIⅠMFLP船橋Ⅰ マルチテナント Multi-tenant2019年10月 Oct. 2019⋍ 229,000㎡Funabashi, Chiba千葉県船橋市MFLP FUNABASHIⅡMFLP船橋Ⅱ マルチテナント Multi-tenant2021年6月 Jun. 2021⋍ 271,000㎡Funabashi, Chiba千葉県船橋市MFLP FUNABASHIⅢMFLP船橋Ⅲ マルチテナント Multi-tenant2024年9月 Sep. 2024⋍ 256,000㎡Itabashi-ku, Tokyo東京都板橋区MFLP・LOGIFRONT TOKYO ITABASHIMFLP・LOGIFRONT東京板橋 マルチテナント Multi-tenant2015年10月 Oct. 2015⋍ 205,000㎡Hino-shi, Tokyo東京都日野市MFLP HINOMFLP日野 マルチテナント Multi-tenant2022年3月 Mar. 2022⋍ 184,000㎡Ichikawa, Chiba千葉県市川市MFLP ICHIKAWA SHIOHAMAⅡMFLP市川塩浜Ⅱ マルチテナント Multi-tenant2022年7月 Jul. 2022⋍ 174,000㎡Shinagawa-ku, Tokyo東京都品川区TOKYO RAIL GATE EAST東京レールゲートEAST マルチテナント Multi-tenant2023年9月 Sep. 2023⋍ 134,000㎡Zama, Kanagawa神奈川県座間市MFLP ZAMAMFLP座間 マルチテナント Multi-tenant2022年9月 Sep. 2022⋍ 122,000㎡Ebina, Kanagawa神奈川県海老名市MFLP EBINA ⅠMFLP海老名Ⅰ 一棟 Entire building rental2025年4月 Apr. 2025⋍ 98,000㎡Tsukubamirai, Ibaraki茨城県つくばみらい市MFLP TSUKUBAMIRAIMFLPつくばみらい ■延床面積上位10物件 *1（2026年3月末時点）/Total floor space Top 10 properties*1 (As of March 31, 2026) *1:当社が持分を保有する施設を対象/Facilities in which we hold an interest ■宿泊主体型ホテル施設 室数上位10物件（2026年3月末時点）/Top 10 Lodging-focused Hotels by rooms (As of March 31, 2026) スキーム/Scheme開業/Opening Date室数（約）/Rooms(Approx.)所在/Location名称/Name*2 土地・建物保有 Land and buildings owned2000年6月 Jun. 2000⋍ 1000Bunkyo-ku, Tokyo東京都文京区Tokyo Dome Hotel東京ドームホテル 建物賃借 Leased building2007年6月 Jun. 2007⋍ 550Urayasu, Chiba千葉県浦安市MGH PRANA Tokyo BayMGHプラナ東京ベイ 建物賃借 Leased building2007年4月 Apr. 2007⋍ 370Minato-ku, Tokyo東京都港区MGH Shiodome Italia-gaiMGH汐留イタリア街 借地・建物保有 Leased land and own building2018年6月 Jun. 2018⋍ 370Shinagawa-ku, Tokyo東京都品川区MGH GotandaMGH五反田 建物賃借 Leased building2023年5月 May 2023⋍ 360Yokohama, Kanagawa神奈川県横浜市MGH Yokohama Minatomirai PREMIERMGH横浜みなとみらいプレミア 借地・建物保有 Leased land and own building2019年11月 Nov. 2019⋍ 360Shinjuku-ku, Tokyo東京都新宿区MGH Jingugaien Tokyo PREMIERMGH神宮外苑の杜プレミア 土地・建物保有 Land and buildings owned2005年11月 Nov. 2005⋍ 360Chuo-ku, Tokyo東京都中央区MGH Ginza PREMIERMGH銀座プレミア 建物賃借 Leased building1997年10月 Oct. 1997⋍ 340Kyoto, Kyoto京都府京都市MGH Kyoto ShijoMGH京都四条 土地・建物保有 Land and buildings owned2019年9月 Sep. 2019⋍ 340Chuo-ku, Tokyo東京都中央区MGH Ginza-gochomeMGH銀座五丁目 建物賃借 Leased building2014年12月 Dec. 2014⋍ 330Chuo-ku, Tokyo東京都中央区Millennium MGH TokyoミレニアムMGH東京 *2:MGH=三井ガーデンホテル/Mitsui Garden Hotel ■主なリゾート・ラグジュアリー施設（2026年3月末時点）/Main Operating Resort and Luxury Facilities (As of March 31, 2026) スキーム/Scheme開業/Opening Date室数（約）/Rooms(Approx.)所在/Location名称/Name 土地・建物保有 Land and buildings owned2019年7月 Jul. 2019⋍ 360Kunigami-gun, Okinawa沖縄県国頭郡Halekulani Okinawaハレクラニ沖縄 土地・建物保有 Land and buildings owned2020年11月 Nov. 2020⋍ 160Kyoto, Kyoto京都府京都市HOTEL THE MITSUI KYOTO 土地・建物保有 Land and buildings owned2020年9月 Sep. 2020⋍ 190Chiyoda-ku, Tokyo東京都千代田区Four Seasons Hotel Tokyo at Otemachiフォーシーズンズホテル東京大手町 土地・建物保有 Land and buildings owned2023年4月 Apr. 2023⋍ 100Chuo-ku, Tokyo東京都中央区Bvlgari Hotel Tokyoブルガリ ホテル 東京 List of Main Properties in Operation (Domestic) 主な稼働物件一覧（国内） 物流施設 Logistics Facilities Operating Facilities Total Floor Space Approx. 2,200,000㎡ (Consolidated,Own Properties, as of March 31, 2026) 稼働施設 延床面積 約2,200,000㎡（連結、当社グループ保有物件、2026年3月末時点） ホテル・リゾート Hotels and Resorts Number of rooms in operation Approx. 13,300 (Consolidated, as of March 31, 2026) 稼働施設室数 約13,300室（連結、2026年3月末時点） Financial Results and Corporate Information, etc. 決算・企業情報等 5 83
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MITSUI FUDOSAN CO., LTD. ■欧米（2026年3月末時点）/Europe and North America (As of March 31, 2026) 竣工 Completion 建物延床面積（約）または戸数 Total Floor Space(Approx.) for lease or Number of Units 所在 Location 名称 Name アセット Asset 2022年 /2022⋍ 270,000㎡New York, US50 Hudson Yards オフィス Office Buildings 2018年 /2018⋍ 118,000㎡New York, US55 Hudson Yards 1970年 /1970 ⋍ 215,000㎡New York, US1251 Avenue of the Americas 2015年 /2015⋍ 54,000㎡Hoboken, USWaterfront Corporate Center Ⅲ 1913年 /1913⋍ 46,000㎡Washington D.C., USThe Homer Building 2014年 /2014⋍ 22,000㎡Washington D.C., US1200 17th Street, NW Seventeenth 2016年 /2016⋍ 20,000㎡San Francisco, US270 Brannan 2012年 /2012⋍ 8,000㎡London, UK5 Hanover Square,W1 2017年 /2017⋍ 45,000㎡London, UK1 Angel Court 2017年 /2017⋍ 55,000㎡London, UKTelevision Centre 2024年 /2024/Units⋍ 340 戸Dallas, USMaple Terrace賃貸住宅 Rental Housing 2015年 /2015/Units⋍ 320 戸New York, US160Madison ■APAC（2026年3月末時点）/APAC (As of March 31, 2026) 開業 Opening Year 店舗数（約） Shops(Approx.) 店舗面積（約） Shop Area (Approx.) 所在 Location 名称 Name アセット Asset 2016年 /2016⋍ 300⋍ 72,000㎡台湾 Taiwan三井アウトレットパーク台湾林口 MITSUI OUTLET PARK LINKOU 商業施設 Retail Facilities 2025年 /2025⋍ 300⋍ 70,000㎡台湾 Taiwanららぽーと台北南港 LaLaport TAIPEI NANGANG 2023年 /2023⋍ 300⋍ 68,000㎡台湾 Taiwanららぽーと台中 LaLaport TAICHUNG 2022年 /2022⋍ 236⋍ 44,000㎡台湾 Taiwan三井アウトレットパーク台南 MITSUI OUTLET PARK TAINAN 2018年 /2018⋍ 220⋍ 43,000㎡台湾 Taiwan三井アウトレットパーク台中港 MITSUI OUTLET PARK TAICHUNG PORT 2015年 /2015⋍ 200⋍ 34,000㎡マレーシア Malaysia三井アウトレットパーク クアラルンプール国際空港 セパン MITSUI OUTLET PARK KLIA Sepang 2022年 /2022⋍ 400⋍ 82,600㎡マレーシア Malaysiaららぽーと ブキッ・ビンタン シティ センター LaLaport BUKIT BINTANG CITY CENTRE 2021年 /2021⋍ 180⋍ 55,000㎡中国 Chinaららぽーと上海金橋 LaLaport SHANGHAI JINQIAO 2021年 /2021⋍ 90⋍ 16,500㎡中国 Chinaららステーション上海蓮花路 LaLa Station SHANGHAI LIANHUA ROAD List of Main Properties in Operation (Overseas) 主な稼働物件一覧（海外） Financial Results and Corporate Information, etc. 決算・企業情報等 5 84
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MITSUI FUDOSAN CO., LTD. Market Trends:Office Financial Results and Corporate Information, etc. 決算・企業情報等 5マーケット動向:オフィス 都心5区のオフィス市況（平均賃料・空室率） Office Building Market Trend (Average Rent / Vacancy Rate) - 5 Wards of Central Tokyo 0 1 2 3 4 5 6 7 8 9 10 0 5,000 10,000 15,000 20,000 25,000 03/3 04/3 05/3 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 平均賃料(左軸）/Average rent (Left) 空室率(右軸）/Vacancy rate (Right) (%)円/坪 Yen/Tsubo 0.84 0.38 0.67 1 0.84 0.15 0.06 0.17 0.77 1.54 1.19 0.65 0.86 0.85 1.17 1.75 0.58 0.87 1.09 0.97 0.69 1.41 0.85 1.79 0.61 0.48 1.25 0.43 1.17 0.99 0.44 0.67 1.17 0.84 0 0.5 1 1.5 2 2.5 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '26 '27 '28 '29 '30 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 都心5区のネットアブソープション（暦年） Net Absorption Trend (5 wards of Central Tokyo, Calendar year) オフィスビル新規供給量（東京23区大規模、暦年） Trend of Supply Volume of Large-Scale Office Buildings within Tokyo’s 23 Wards (Calendar year) 資料:三⿁商事 Source: Miki Shoji 過去(‘86~’25) 平均102万㎡/年（延床面積ベース） Past (‘86~’25) supply volume (Annual average) 1.02 million m2/year (Total floor space) ‘26年～’30年 平均82万㎡/年（延床面積ベース） Forecast supply volume ’26～’30 (Annual average) 0.82 million ㎡/year (Total floor space) 資料:森ビル 2026.5.29 Source: Mori Building Co., Ltd. （As of May 29, 2026) 資料:三幸エステート Source: Sanko Estate 百万㎡/Million ㎡ 2003年6月/Jun. 2003 8.57% 2012年6月/Jun. 2012 9.43% 2008年8月:22,901円/坪 Aug.2008:22,901 Yen/Tsubo 2020年7月:23,014円/坪 July 2020:23,014 Yen/Tsubo 百万㎡/Million ㎡ 未竣工（その他18区）/Uncompleted (other 18 wards) 未竣工（都心5区）/Uncompleted (5 wards of central Tokyo) 竣工済/Completed 85
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MITSUI FUDOSAN CO., LTD. Market Trends:Office マーケット動向:オフィス Tokyo Major Area Office Rent Trends*1 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 Source: Prepared by the Company based on data from Sanko Estate *1 Asking rent including common service fees for large buildings of at least 200 tsubo per floor （Yen/Month・Tsubo) Desired areas for new renters*2 (Top 10 areas) 18 17 16 14 14 13 12 12 10 10 0 5 10 15 20 *2 Average of survey results for 2023-2025 Multiple responses allowed 400 companies responded each year ＊For 2019 and 2020, the survey was conducted on a single-year basis. From 2021 onward, the survey is based on a 3-year average. (%) • The desired areas for companies seeking new accommodation continue to be major business districts such as Nihonbashi, Marunouchi, Otemachi, and Toranomon, where large-scale redevelopment projects have taken place or are in progress. These areas have been the focus of large-scale redevelopment projects, and their popularity reflects high expectations for benefits such as convenient transport links stemming from the construction of new stations, roads and other infrastructure, as well as the attraction of highly functional mixed-use developments that bring work, living and recreation closer together. Extracted from Mori Building Co., Ltd. "2025 Survey of Office Needs in Tokyo’s Core 23 Cities" Reasons for Planning to Lease New Office Space (companies with 300 or more employees)*3（Top 10 reasons) *3 Multiple answers allowed, n=61 38 33 31 31 28 26 25 25 23 23 0 10 20 30 40 50 (%) Source:Mori Building Co., Ltd. "2025 Survey of Office Needs in Tokyo’s Core 23 Cities" Target : Approximately 10,000 companies with headquarters in the 23 wards of Tokyo (approx. 1,700 valid responses) Marunouchi and Otemachi Yaesu,Nihonbashi and Kyobashi Nihonbashi-Honcho and Muromachi Sakurabaoka and Nanpeidai Shibuya and Dogenzaka Shinbashi and Toranomon Roppongi and Azabu Nishi-shinjuku Financial Results and Corporate Information, etc. 決算・企業情報等 5 86
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MITSUI FUDOSAN CO., LTD. Market Trends:Housing Financial Results and Corporate Information, etc. 決算・企業情報等 5マーケット動向:住宅 千戸 / Thousands of units 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 0 2 4 6 8 10 12 07/1 07/7 08/1 08/7 09/1 09/7 10/1 10/7 11/1 11/7 12/1 12/7 13/1 13/7 14/1 14/7 15/1 15/7 16/1 16/7 17/1 17/7 18/1 18/7 19/1 19/7 20/1 20/7 21/1 21/7 22/1 22/7 23/1 23/7 24/1 24/7 25/1 25/7 26/01 在庫（左軸） Inventories(Left) 初月契約率（右軸） Initial month contract rate(Right) 首都圏分譲マンションの初月契約率と販売在庫数 Condominium Market in the Tokyo Metropolitan Area:Initial Month Contract & Unsold Inventory (%) 資料:不動産経済研究所 Source: Real Estate Economic Institute 95.6 89.3 88.5 83.2 85.4 84.1 74.5 61.0 43.7 36.4 44.5 44.5 45.6 56.5 44.9 40.4 35.8 35.9 37.1 31.2 27.2 32.9 28.6 26.8 23.0 21.9 22.0 25.8 25.5 25.6 26.8 26.7 28.3 29.7 28.7 28.9 31.3 30.0 29.6 32.4 36.8 33.3 34.8 37.2 37.3 37.2 38.1 35.8 39.8 35.4 36.0 37.2 49.1 40.6 40.2 -2.5 40.0 -0.2 40.6 -0.6 41.0 41.0 (0.1%) 42.0 （2.2%） 46.4 （10.6%） 47.7 （2.8%） 45.3 （-5.0%） 47.1 （4.0%） 45.7 （-2.9%） 45.4 （-0.8%） 49.2 （8.6%） 50.6 （2.7%） 55.1 （9.1%） 54.9 （-0.5%） 59.0 （7.6%） 58.7 （-0.6%） 59.8 （1.9%） 60.8 （1.7%） 62.6 （2.9%） 62.8 （0.4%） 81.0 （28.8%） 78.2 （-3.5%） 91.8 （17.4%） 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 (予測) 新規発売戸数（左軸） New units launched (Left) 中古成約戸数（左軸） Resale units sold (Left) 新築マンション平均価格（首都圏）（右軸）（括弧内、対前年比） Average New Condominium Price: Tokyo Metropolitan Area (Right) (Figures in bracket indicate YoY change) 資料:不動産経済研究所、東日本不動産流通機構 Source: Real Estate Economic Institute、 Real Estate Information Network for East Japan 26/06 （E） 首都圏分譲マンションの新規発売戸数と戸当たり平均価格および中古マンションの成約戸数（暦年） Tokyo Metropolitan Area Condominium Market:New Units Launched and Average Price per Unit, and Existing Condo Units Sold (Calendar year) 千戸 Thousands of units 百万円 Millions of yen 87
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MITSUI FUDOSAN CO., LTD. Market Trends:Retail マーケット動向:商業施設 業態別の売上高前年対比 Year-on-Year Change in Sales by Category Financial Results and Corporate Information, etc. 決算・企業情報等 5 20252024202320222021202020192018201720162015 *＜SC総合＞1Q,FY2020:-48.8% / 1Q,FY2021:42.7% ＜百貨店＞1Q,FY2020:-51.7% / 2Q,FY2020:-25.6% / 1Q,FY2021:44.9% *<General shopping centers>1Q,FY2020:-48.8% / 1Q,FY2021:42.7% ＜Department stores＞1Q,FY2020:-51.7% / 2Q,FY2020:-25.6% / 1Q,FY2021:44.9% 日本のEC市場規模の推移（BtoC）（暦年） EC Market in Japan (BtoC) (Calendar year) 9,513 11,166 12,797 13,774 15,135 16,505 17,984 19,360 19,277 20,695 22,744 24,843 26,122 3.40% 3.85% 4.37% 4.75% 5.43% 5.79% 6.22% 6.76% 8.08% 8.78% 9.13% 9.38% 9.78% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 0 5,000 10,000 15,000 20,000 25,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EC市場規模(左軸)*1 Sales in EC market (Left)*1 EC化率(右軸)*2 EC ratio (Right)*2 十億円 Billions of yen 資料:経済産業省 Source: METI *1:EC市場規模には物販系分野、サービス系分野、デジタル系分野を含む *2:EC化率データの対象は物販系分野のみ *1 Scope of e-commerce market includes online ordering, services and digital *2 Data on shift to e-commerce is for online ordering only 世界のEC化率 20.1% Global EC rate 20.1% 資料:百貨店協会、日本ショッピングセンター協会、チェーンストア協会 Source: Japan Department Stores Association, Japan Council of Shopping Centers, Japan Chain Stores Association -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q SC総合 General shopping centers 百貨店 Department stores チェーンストア Chain stores 88
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MITSUI FUDOSAN CO., LTD. 1.5% 2.5% 3.5% 4.5% 5.5% 6.5% 7.5% 米国/U.S. 賃貸住宅（西海岸・東海岸・サンベルト） Rental Housing (West Coast, East Coast, Sunbelt) 西海岸（SF） West Coast (SF) 東海岸（BOS） East Coast (BOS) サンベルト（ダラス） Sunbelt (Dallas) Market Trends:Real Property Sales マーケット動向:不動産売買 金利の推移(日本・米国・英国）:2014/1/1～2026/6/30 Interest Rate Trends (Japan, the U.S., and the U.K.) : Jan. 1, 2014 - Jun. 30, 2026 Financial Results and Corporate Information, etc. 決算・企業情報等 5 国内・米国・英国における不動産期待利回りのベンチマーク Benchmark of Expected Real Estate Yields in Japan, the U.S., and the U.K. （2026年4月時点） （As of Apr. 2026） 資料:大和不動産鑑定 Source: Survey by Daiwa Real Estate Appraisal Co., Ltd. -2.0% 0.0% 2.0% 4.0% 6.0% 日本/Japan 実質金利 Real Interest Rate 政策金利 Policy Interest Rate 10年国債利回り 10-Year Government Bond Yield 2.66% 1.00% 0.67% -2.0% 0.0% 2.0% 4.0% 6.0% 米国/U.S. 実質金利 Real Interest Rate 政策金利 Policy Interest Rate 10年国債利回り 10-Year Government Bond Yield 4.47% 3.75% 2.23% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 英国/U.K. 実質金利 Real Interest Rate 政策金利 Policy Interest Rate 10年国債利回り 10-Year Government Bond Yield 4.76% 3.75% 1.64% 実質金利は10年物価連動債利回りを使用 / The real interest rate is based on the 10-year inflation-linked bond yield 資料:Bloomberg掲載データより当社作成 Source: Prepared by our company based on data published by Bloomberg. 1.5% 2.5% 3.5% 4.5% 5.5% 6.5% 7.5% 日本/Japan プライムエリアオフィス Offices in prime locations プライムエリアオフィス:東京都心プライムエリア（基準階200坪以上）の中規模・上位グレードオフィス 利回りベンチマーク（NCFベース）:大和不動産鑑定が還元利回りの査定においてベースとする各用途・ 各地域ごとの利回りを指す Offices in prime locations: Mid-sized and upper-grade office buildings located in the prime areas of central Tokyo, with a standard floor area of 200 tsubo or more. Yield benchmark (on an NCF basis): Yield by use and region based on an assessment of capitalization rates by Daiwa Real Estate Appraisal Co., Ltd. 資料:Bloomberg掲載データより当社作成 Source: Prepared by our company based on data published by Bloomberg. 資料:ジョーンズ ラング ラサール提供データより当社作成 Source: Prepared by our company based on data by Jones Lang LaSalle. 1.5% 2.5% 3.5% 4.5% 5.5% 6.5% 7.5% 英国/U.K. プライムオフィス（ウエストエンド） Prime Offices（West End） （2026年6月末時点） （As of Jun. 2026） 4.0% （2026年6月末時点） （As of Jun. 2026） 2.3% 5.4% 5.3% 5.2% 89
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MITSUI FUDOSAN CO., LTD. Market Trends:Hotels and Resorts マーケット動向:ホテル・リゾート 外国人・日本人延べ宿泊数の推移（暦年） Total number of foreign and Japanese guests (Calendar year) Financial Results and Corporate Information, etc. 決算・企業情報等 5 訪日外国人旅行者数・出国日本人数の推移（暦年） Number of Foreign Visitors to Japan and Japanese Travelers Going Abroad (Calendar year) 16 16 18 17 16 16 17 17 18 20 3 0 0.51 9 13 14 8 6 8 10 13 19 24 28 31 31 4 0 0.25 25 36 42 25 23 26 27 30 35 41 46 50 51 7 0 0.76 34 49 57 0 10 20 30 40 50 60 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 出国日本人数 Number of Japanese people going abroad 訪日外国人旅行者数 Number of foreign travelers visiting Japan 百万人 Million people 資料:日本政府観光局 Source: Japan National Tourism Organization 2030年における訪日外国人数の目標は6,000万人 The target for the number of foreign visitors to Japan in 2030 is 60 million 287 283 385 398 413 432 428 438 423 429 443 480 311 313 433 499 494 475 22 18 27 18 26 33 44 65 69 79 94 115 20 4 16 117 164 177 309 301 413 417 439 465 473 504 492 509 537 596 331 317 450 617 659 653 0 100 200 300 400 500 600 700 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 日本人延べ宿泊数 Total number of Japanese guests 外国人延べ宿泊数 Total number of foreign guests 百万人泊 Million guest nights 資料:観光庁 Source: Japan Tourism Agency 90