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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⑥ Condominium index

These are movements in business indicators for condominiums.

For the fiscal year ended March 31, 2022, the number of units sold of condominiums came to 2,194 units, operating revenue to 139.9 billion yen, and gross margin to 22.1%.
For the fiscal year ending March 31, 2023, the number of units sold of condominiums is expected to be 1,215 units, with operating revenue of 84.1 billion yen and gross margin of 21.0%.

The sales situation for condominiums is continuing to trend steadily.
Completed inventory was 827 units at the beginning of FY2021 ended March 31, 2022. This figure decreased to 661 units as of the end of period.
In addition, guaranteed agreements as a percentage of sales for the fiscal year ending March 31, 2023 was 58% as of the beginning of the fiscal year ended March 31, 2022, which was a relatively high starting point.

Regarding investment for the fiscal year ended March 31, 2022, progress has been made in 28.2 billion yen in land acquisition, or 2,861 units in terms of number of units, with approx. 8,700 units in land bank scheduled to be posted in the fiscal year ending March 31, 2024 and beyond, of which the percentage of redevelopment properties was approx. 66%.
As shown in the upper right-hand corner, we have a number of large properties, mainly redevelopment projects, in the pipeline as major projects going forward.
We will continue to strengthen our business with a particular focus on redevelopment of high value-added properties.