tokyu land corporation

Financial Highlights FY2022 Third Quarter (First Nine Months) Ended December-31, 2022

 

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Disclaimer

Contents

Summary of the Financial Results for FY2022 Third Quarter

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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③ Expansion of renewable energy business

These are the results of the renewable energy business up to this point and our future plan for that business.

From this quarter, we have changed to a graph that shows the total investment amount in operating properties (before depreciation) and gross profit from the sale of electricity.

As of December 31, 2022, relative to the total amount of investment decided upon by the Company of 299.3 billion yen, the total amount of investment that it made in properties in operation was 201.6 billion yen.
Gross profit has also increased in line with the operation of each facility, reaching 5.5 billion yen in the third quarter, against a full-year forecast for this fiscal year of 6.0 billion yen.

From the perspective of the Group, which has positioned environmental management as the Group policy, the renewable energy business is a key business from the standpoint of realizing a decarbonized society as well.
Our present mainstay is solar power generation in the FIT business, but in the future, we will also focus on acquiring new wind power generation and non-FIT projects, as we aim to further expand this business.