Lease, sell, operate: how Mitsui Fudosan earns from places.
In the year ended March 2026, Mitsui Fudosan reported ¥2,709.7bn in group revenue and ¥397.8bn in operating profit. Its segments recorded revenue of ¥936.6bn from Leasing, ¥729.3bn from Property Sales, ¥511.5bn from Management and ¥244.1bn from Facility Operations; Other contributed another ¥288.3bn. Leasing was larger in revenue than Property Sales, yet Property Sales business income (¥193.2bn) exceeded Leasing (¥177.0bn) this year. The company-defined business income and consolidated operating profit are different accounting measures and require adjustments. From its origin in property management in 1941 through 1968 skyscraper and 1981 shopping-center development to a 2001 J-REIT, Mitsui Fudosan widened not just its assets but how it earns from them.