tokyu land corporation

Financial Highlights FY2022 First Quarter (First Three Months) Ended June-30, 2022

 

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Contents

Summary of the FY2022 First Quarter (First Three Months) Ended June 30, 2022

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Sustainability and DX Initiatives

Financial Capital Strategy

Overview of the Medium-term management plan 2025

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① FY2022 Q1 (First Three Months)

We will discuss our Strategic Investment segment.

Operating revenue came to 25.0 billion yen and operating profit to 8.1 billion yen, representing increases in both revenues and profit over the same quarter in the previous fiscal year.
Our Infrastructure & Industry business experienced an increase in profit largely due to the sale of logistics facilities and an increase in the number of renewable energy facilities in operation.
In our overseas business, profit increased due largely to an increase in equity sales.

Regarding the full-year forecast, we expect an increase in revenues but a decrease in profit year on year, as shown in the lower column.
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 our overseas business, a decrease in profit is expected primarily due to a drop-off in one-off gains and an increase in expenses.