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Notice of Financial Results for the First Six Months of the Fiscal Year Ending March 2015, Revision of the Full-Year Results Forecast and the Revision of the Medium-Term Vision 2018

November 6, 2014

NTT Urban Development Corporation
(First Section of the Tokyo Stock Exchange: 8933)

NTT Urban Development Corporation (head office: Chiyoda-ku, Tokyo, President and Chief Executive Officer: Sadao Maki) announced the consolidated financial results for the first six months of the fiscal year ending March 2015 (referring to the 30th business period from April 1, 2014 to September 30, 2014) of the NTT Urban Development Group, revised its full-year results forecast and revised the Medium-Term Vision 2018. For details, please refer to Presentation Material for the 2nd Quarter of FY 2014 and the Summary of Financial Statements for the 2nd Quarter of FY 2014, etc.

Highlights

Overview of consolidated financial results

  • For the first six months of the fiscal year ending March 2015, operating revenue reached ¥74.3 billion, a decrease of ¥7.6 billion compared with the same period of the previous fiscal year. Operating income was ¥13.2 billion, a decrease of ¥4.5 billion, and ordinary income was ¥11.1 billion, a decline of ¥3.4 billion. Net income stood at ¥6.9 billion, a decrease of ¥1.8 billion.

Revision of the full-year results forecast

  • For the fiscal year ending March 2015, given the planned sale of properties associated with the formation of a private placement fund, the Company has revised operating revenue to ¥153.0 billion, operating income to ¥23.0 billion, ordinary income to ¥18.5 billion and net income to ¥10.0 billion.

Revision of the Medium-Term Vision 2018

  • The Company has revised the Medium-Term Vision 2018 announced on May 9, 2013, reflecting changes in the market environment.
    The Company will continue to strive for medium- and long-term growth by fully adopting a customer and market-centered orientation and pursuing innovation.

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