tokyu land corporation

Financial Highlights
FY2013 Ended Mar-31, 2014

 

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FY2013 Financial Highlights

FY2013 Operating Results

FY2013 Segment performance

Summary of balance sheets

Summary of the Medium-term Management Plan, Value Innovation 2013

Status of the Establishment of a Holding Company System

Change of Segment Categories(1)

Change of Segment Categories(2)

FY2014 Forecast (Operating Results)

FY2014 Forecast (Segment performance)

Segments performance

Leasing of Real Estate/Urban Development

Real Estate Sales/Residential

Property Management

Real Estate Agents

Wellness/Tokyu Hands/Business Innovation and Others FY2014 Forecast

Changes in Equity and Interest-bearing Debt

Changes in Dividend Payments

Reference

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FY2014 Forecast (Operating Results)

I will now provide you with a briefing on our full-year forecast for the fiscal year ending March 2015.

We expect operating revenue to be ¥735 billion, operating income to be ¥63 billion, ordinary income to be ¥51 billion, and net income to be ¥25 billion for the fiscal year ending March 2015.

We expect higher revenue and income, primarily reflecting sales of office buildings and commercial facilities in the Urban Development segment, and net income is also expected to rise, primarily due to the improvement of minority interests in income.

We anticipate that interest-bearing debt at the end of March 2015 will rise ¥124 billion from the end of March 2014, to ¥1,115 billion, mainly attributable to new investments by focusing on the replenishment of the portfolio. Meanwhile, the DE ratio is expected to be 2.9.