Q1 (Apr–Jun 2026) · Year-to-Date
Revenue¥616.9bn−23.1%
Operating profit¥103.5bn−35.4%
Net income¥75.8bn−39.0%
Read the segments, not the headline. Mitsui Fudosan's leasing business — the malls, the Ginza and Nihonbashi buildings, LaLaport and the outlets — grew revenue 6.8% to ¥241.4bn and segment profit 18.9% to ¥54.7bn. Group revenue nonetheless fell 23.1% to ¥616.9bn and operating profit 35.4% to ¥103.5bn, because property sales are lumpy and last year's first quarter booked ¥331.8bn of them against ¥123.2bn this time. Full-year guidance is unchanged at ¥2,800.0bn revenue (+3.3%) and ¥410.0bn operating profit (+3.1%).