tokyu land corporation

Financial Highlights FY2022 Second Quarter (First Six Months) Ended Semtember-30, 2022

 

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Disclaimer

Contents

Summary of the Financial Results for FY2022
Second Quarter, and Forecast for FY2022


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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④

This page concerns ROE and shareholder returns.

For the fiscal year ended March 31, 2022, our ROE improved to 5.7% from last fiscal year, which was affected by COVID-19.
For the fiscal year ending March 31 2023, our target ROE is 5.9% based on the upwards revision of our business performance forecast.
We will aim to achieve a target ROE of 8.0% at an early stage, bearing in mind the cost of shareholders’ equity, and a ROE of 9.0% for the fiscal year ending March 31, 2026 as a target under our medium-term management plan.

Moreover, we are planning to continue maintaining a dividend payout ratio of 30% or higher and stable dividends as our immediate-term policy to return profits to our shareholders.
For the fiscal year ending March 31, 2023, we are scheduling dividends of 19.0 yen, an increase of 1.0 yen over the amount that we announced in May and an increase of 2.0 over last year’s figure, with a scheduled dividend payout ratio of 35.0%.