Mitsubishi Estate's profit nearly triples on asset sales, as Marunouchi vacancy hits a record low
Mitsubishi Estate's profit attributable to owners of parent rose to ¥95.4bn in its first quarter, nearly triple a year earlier, but most of the jump traces to one-off gains on securities and overseas property sales — leaving Marunouchi's record-low 0.49% office vacancy as the steadier read on Tokyo's premium real estate.
Mitsubishi Estate's profit attributable to owners of parent rose to ¥95.4 billion in the three months to June, nearly triple the ¥32.0 billion it reported a year earlier, the developer said in first-quarter results for the fiscal year ending March 2027, published August 7.