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As for the forecast for this fiscal year, we are planning for an operating income of 65.0 billion yen, as initially forecast.
We initially incorporated property sales in the United States, but given the trends in the sales market, we made it so that the plan would prioritize building sales to domestic investors.
Regarding the next fiscal year, we are targeting an operating income of 73.0 billion yen and a DE ratio of 2.6 times as prescribed for the final year of the medium- and long-term management plan.
For the final year of the medium- and long-term management plan, there are no changes to the framework in which steady profit levels from the urban development business, such as in the opening in Ginza, are given a boost. We see it as a target that can be satisfactorily achieved, even with a portion of businesses requiring a change in their trajectory.
Regarding the fiscal years beyond, we will steadily push forward with large-scale projects, such as the three Shibuya Redevelopment Projects/Takeshiba, and others, toward the fiscal year ending March 31, 2021 (FY2020), and also grow other segments.
We are targeting a DE ratio of 2 to 2.5 times for the fiscal year ending March 2021 (FY2020).
We will improve the DE ratio organically, building up equity by accumulating profits each period.
Going forward, we will return again to the policy of realizing growth through raising the level of fiscal stability.
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