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GM1E5251AF501

GM1E5251AF501


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Reuters Images

Wall Art and Photo Gifts from Reuters

GM1E5251AF501

High-rise buildings are seen in Tokyos Shiodome district developed by Mitsubishi Estate Co, Sumitomo Realty & Development Co, Mitsui Fudosan Co and other companies February 5, 2009. Mitsubishi Estate Co, Japans second-biggest developer, reported a 12 percent fall in quarterly operating profit and cut its full-year outlook by nearly a quarter, as unexpectedly weak apartment sales eroded profits from office leasing. REUTERS/Toru Hanai (JAPAN)

Reuters photo archive features some of the most dramatic and iconic moments ever captured

Media ID 5790190


EDITORS COMMENTS
This print showcases the mesmerizing high-rise buildings in Tokyo's Shiodome district, a remarkable development brought to life by Mitsubishi Estate Co, Sumitomo Realty & Development Co, Mitsui Fudosan Co, and other prominent companies. The image was captured on February 5,2009, offering a glimpse into the bustling cityscape of Japan's capital. The photograph holds significant relevance as it coincides with an important financial update from Mitsubishi Estate Co. , Japan's second-largest developer at that time. Despite its stature in the industry, the company reported a disheartening 12 percent decline in quarterly operating profit. This unexpected setback prompted them to revise their full-year outlook by nearly a quarter due to underwhelming apartment sales that had adversely impacted profits generated through office leasing. Through this visually striking image taken by Toru Hanai for REUTERS/Toru Hanai (JAPAN), we are reminded of the intricate relationship between architecture and economics. It serves as a poignant reminder that even towering skyscrapers can be affected by market forces beyond their impressive exteriors

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