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On the next page, I will describe the current situation and basic policy for our business portfolio.
As the pie chart on the right-hand side shows, the Asset Utilization Type such as the Urban Development, Residential, and Wellness businesses comprised the majority, or 84%, of the total assets of approximately 2,400 billion yen in the fiscal year ended March 2019. Meanwhile, investment in the Stock Utilization Type and strategic businesses such as Property Management, Real Estate Agents, and Tokyu Hands was limited to 16%.
The lower left section of the page shows the basic policies for the Asset Utilization Type businesses and the Stock Utilization Type and strategic businesses.
In the Asset Utilization Type businesses, we will work to strengthen our revenue base and increase ROA by commencing large projects, particularly in Urban Development, that have not yet been commenced, promoting high-efficiency business, and continuing the cyclical reinvestment business.
The lower right section of the page shows the breakdown of assets in the Urban Development business.
Of the fixed assets, the NOI yield of properties in operation is approximately 5%.
We expect that ROA will increase as redevelopment projects in the Greater Shibuya Area and other locations commence.
In the Stock Utilization Type and strategic businesses, we will work to achieve stable profit growth by raising the profit margin.
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