#Japan #Tokyo #Tokyo World Gate #Mori Trust Group #Equinox Hotel

Mori Trust Group's Impressive Financial Outcomes for Fiscal Year Ending March 2026

Mori Trust Group has revealed its consolidated results for the fiscal year ending March 2026, showcasing remarkable achievements. The group, which consists of over 50 companies, including Mori Trust Co., Ltd., Mori Trust Building Management Co., Ltd., and Mori Trust Hotels & Resorts Co., Ltd., reported record-high operational revenue of 321 billion yen, marking a 14% increase compared to the previous fiscal year. Operating profit climbed to 60.5 billion yen, a 12% improvement. Factors such as robust office rental demand, particularly for the newly operational "Tokyo World Gate Akasaka Trust Tower," as well as high occupancy rates in existing office buildings, and the influx of inbound demand that benefited domestic hotels played a crucial role in this uplift.

The group's net income attributable to shareholders was 39.2 billion yen, reflecting a 6% rise, alongside ordinary income of 64.5 billion yen, up 7%. For the upcoming fiscal year, ending March 2027, projections indicate a continuation of this upward trend, forecasting operational revenue of 347 billion yen, an 8% growth year-over-year. Operating profit is anticipated to reach 70 billion yen, which signifies a substantial jump of 15%, while net income attributable to shareholders is expected to slightly decrease to 35 billion yen, down 10% from the previous year.

Breakdown of Revenue Sources

Mori Trust's operational revenue is generated from various sectors:

• - Rental Business: For fiscal year 2026, revenue from the rental business achieved record figures with 102.1 billion yen, representing a 5% increase. This was driven by sustained demand for large-scale office buildings in central Tokyo, where vacancy rates have remained at historically low levels.

• - Hotel Operations: The hotel sector also performed exceptionally well, recording 90.5 billion yen in revenue, a 13% jump from the previous year. This was fueled by significant increases in foreign tourist arrivals and spending, which bolstered both city and resort hotels.

• - Real Estate Sales: The real estate sales segment recorded an impressive 100.4 billion yen in revenue, thanks to successful apartment sales driven by Eslead Co., Ltd.

• - Other Businesses: Revenues from other pursuits, including construction contracts, reached 27.9 billion yen, a remarkable 41% increase.

Future Outlook and Targets

The projections for March 2027 not only aim to achieve sustained growth across all business units but also set ambitious targets reflecting the group’s commitment to expanding its influence within the market. The rental business is forecasted to reach 120 billion yen, with significant contributions from both the newly operational facilities in Akasaka and the prestigious Manhattan property, "35 Hudson Yards."

The hotel's revenue from existing and newly opened properties, including "1 Hotel Tokyo" and the luxurious "Equinox Hotel" in New York, is set to hit 100 billion yen. The company's strategy also includes a focus on new business lines and investments targeting sustainability and community-centric developments, aligned with its vision titled "Advance2030."

Conclusion

Mori Trust Group's latest report emphasizes its resilience and growth potential in a fluctuating economic landscape. With strategic investments and a forward-thinking approach, the company firmly aims to enhance its revenue streams while contributing positively to socio-economic development in Japan and beyond, establishing a strong foundation for its ambitious targets leading up to the year 2030.