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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① FY2021 Results and FY2022 Forecasts

We will discuss the Strategic Investment business segment.

In FY2021 ended March 31, 2022, operating revenue came to 67.0 billion yen and operating profit to 14.7 billion yen, representing increases in revenues and profit year on year.
In the Infrastructure & Industry business, while the sale of logistics facilities, the new operation of renewable energy facilities and other factors positively contributed, profit decreased due largely to a lesser bounce-back in sale dividends from previous fiscal year.
In the overseas businesses, profit increased due largely to an increase in one-off gains in the U.S.
For the fiscal year ending March 31, 2023, we are forecasting operating revenue of 83.0 billion yen and operating profit of 11.7 billion yen, representing increase in revenues and decrease in profit year on year.
In the Infrastructure & Industry business, we are forecasting an increase in profit due to an increase in the sale of assets and other factors. Meanwhile, in the overseas business, a decrease in profit is expected primarily due to a drop-off in one-off gains and an increase in expenses.