Medium-Term Management Plan

The NTT Urban Development Group has sought to achieve sustainable growth by implementing an action plan included in business strategies based on its medium-term management plan for three years from FY2008 to FY2010.
However, although FY2010 is the final year of the existing medium-term management plan, with the business environment surrounding the Group still uncertain in a business downturn that is worse than expected, the Group has developed a new medium-term management plan for three years starting FY2010 to promptly respond to changes in the external environment.

1. Medium-term management plan

To achieve stable profits in challenging circumstances and cultivate growth possibilities, we will do the following:

Restructure the business base
Pursue growth in consideration of financial soundness

2. Initiatives

Restructuring the business base
- Building a strong revenue base in the leasing business
  - Improve the profitability of existing properties
  - Promote investment using development expertise
- Generate stable profits in the residential property sales business
  - Establish the WELLITH brand
  - Enhance profitability
Pursuing growth in consideration of financial soundness
- Applying the expertise developed in core businesses to new fields
  - The development and sale of property business, real-estate fund business, commercial business, international business, and solution business
- Establishing managerial platform for growth
  - Enhance corporate governance; promote CSR
  - Bolster management resources
  - Ensure shareholder-oriented management

3. Financial targets for FY2012

Operating income: 26.0 billion yen (Operating income in FY2009 : 16.1 billion yen)
Net debt-to-equity ratio* The 2.3times level (Ratio in FY2009 : 2.55times)

*Net debt-to-equity ratio = (Interest-bearing debt - cash and cash equivalents - time deposits whose deposit terms exceed three months) / Net assets

NTT Urban Development Group Medium-term Management Plan 2012(2.97MB)

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