tokyu land corporation

Financial Highlights FY2021 Ended Mar-31, 2022

 

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Contents

Summary of Financial Results for FY2021, and Forecast for FY2022

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Sustainability and DX Initiatives

Financial Capital Strategy

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FY2021 Operating Results

Here’s an overview of the financial results for the fiscal year ended March 31, 2022.

Operating revenue came to 989.0 billion yen, operating profit to 83.8 billion yen, ordinary profit to 72.8 billion yen, and profit attributable to owners of parent to 35.1 billion yen.

We posted impairment losses of 22.3 billion yen after reviewing the business portfolio and asset portfolio set forth in GROUP VISION 2030.
In addition, similar to the previous fiscal year, for fixed and other expenses that accompanied the temporary closing of facilities due to national and local government requests, we posted 1.5 billion yen in the form of a loss on COVID-19 impact.

Our D/E ratio was 2.3x, or 2.0x after consideration for hybrid financing totaling 100.0 billion yen.