Sales 117,636mn Yen YY+23.0% / Ordinary Income 18,336mn Yen YY+67.9% QTR Results...

Sales 117,636mn Yen YY+23.0% / Ordinary Income 18,336mn Yen YY+67.9% QTR Results of MORIMOTO (eol News)

TOKYO--(Business Wire)--
MORIMOTO Co.,Ltd.(TOKYO:8899) News:

-0-
*T
Company Name MORIMOTO Co.,Ltd.
Company Code (TOKYO:8899)
Market Tokyo Stock Exchange
Section 2nd section
Industry Real Estate
Fiscal year end March 31
Announce date May 15, 2008
Category Full Year
Announce Term April 1, 2007 - March 31, 2008
Consolidated/Non-consolidated Consolidated
*T

Company Profile

Morimoto Co., Ltd. and its group companies are involved primarily
with the development, sale, and management of condominiums and other
residential properties, and commercial properties as well. We also
participate in the asset management business through our two
consolidated subsidiaries, Morimoto Asset Management Co., Ltd. and
BLife Investment Corporation. Most of our real estate projects are
located in the Tokyo metropolitan area and surrounding regions. And as
reflected in our corporate motto "Good is not enough," we are
recognized for the outstanding design used in all of our real estate
projects. We also pay special attention to making sure that our
development projects are in harmony with local surroundings.

-0-
*T
Millions of Yen Growth
Consolidated Earnings Highlights unless otherwise stated
----------------------------------------------------------------------
Sales 117,636 +23.0%
Operating Income 18,383 +37.6%
Ordinary Income 18,336 +67.9%
Net Income 9,852 +62.1%
Earnings Per Share (Yen) 935.91
Return On Equity(ROE) (%) 28.1
Ordinary Income to Total Assets Ratio
(ROA) (%) 8.6
Operating Income to Sales Ratio (%) 15.6

Consolidated Financial Position
----------------------------------------------------------------------
Total Assets 228,635
Net Assets 44,293
Equity Ratio (%) 19.3
Net Assets per Share (Yen) 3,321.90
Shares Issued at Term-End(Including
Treasury Stock) (shares) 13,273,700

Consolidated Cash Flows
----------------------------------------------------------------------
Operating Cash Flow -16,117
Investing Cash Flow 190
Financing Cash Flow 19,284
Cash and Equivalents at End-Term 18,768

Non-consolidated Earnings Highlights
----------------------------------------------------------------------
Sales 115,058 +23.1%
Operating Income 18,181 +37.1%
Ordinary Income 18,217 +68.0%
Net Income 10,243 +73.1%
Earnings Per Share (Yen) 973.05

Non-consolidated Financial Position
----------------------------------------------------------------------
Total Assets 225,150
Net Assets 43,789
Equity Ratio (%) 19.4
Net Assets per Share (Yen) 3,298.95

Dividends
----------------------------------------------------------------------
Dividend Per Share(Term-End) (Yen) 60.00
Commemorative Dividend(Term-End) (Yen) 10.00
Dividend Per Share(Full-Year) (Yen) 60.00
Commemorative Dividend(Full-Year)
(Yen) 10.00
Total Dividend Payment(Full-Year) 796
Dividend Payout Ratio(Consolidated)
(%) 6.4
Dividend to Net Assets(Consolidated)
(%) 2.1
*T

For further detail please use the URL link below.

http://www.morimoto-real.co.jp/english/for-ir/highlights.html

We do not guarantee the accuracy of the data shown above.

Also we cannot be held responsible for any damages arising
from/associated with this data.

Copyright (C) 2008 eol,Inc. All Rights Reserved.

MORIMOTO Co.,Ltd.
MASAKI UCHIYAMA
Corporate Planning Division
ir@morimoto-real.co.jp

Copyright Business Wire 2008