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Now, we will introduce initiatives in the COVID-19 pandemic for the Property Management & Operation business.
We will discuss the transfer of the shares and receivables of Tokyu Hands Inc.
As explained on p. 4 as well, the Company completed the transfer of Tokyu Hands business to CAINZ CORPORATION on March 31, 2022. Accordingly, it was excluded from the Company’s scope of consolidation.
Next, we will cover Tokyu Sports Oasis.
Since COVID-19 started spreading, Tokyu Sports Oasis has seen a decrease in membership under its mainstay sports gym business and has been fighting an uphill battle.
Meanwhile, interest in health has been rising further, a byproduct of the COVID-19 pandemic.
With that in mind, we adopted the policy of expanding our target customers from mostly sports gym users to all kinds of people with an interest in health.
We will proceed to expand our business outside of preexisting sports gym-centered confines, such as by offering “weltag” that enable users to choose health partners to receive online lessons from and form teams on their own in order to achieve their goals, and health and productivity management services aimed at corporations and local governments.
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