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Here, we provide a summary of the structural reforms that we carried out in FY2021 and FY2022.
We performed an intensive review of our business and asset portfolios
with a particular focus on businesses that required fundamental restructuring.
The transfer of Tokyu Hands in FY2020, the series of structural reforms such as the decision we made in the previous fiscal year to transfer Tokyu Plaza Ginza, and other business structure reforms involving considerable “pain” and losses and necessitating a retooling of our balance sheet are expected to have come to an end in FY2022. In FY2023, we are targeting net profit of 62.0 billion yen, EPS of 87.37 yen, and ROE of 8.8%.
While ROE temporarily fell to 3.7% in FY2020 due to the impact of COVID-19, it is steadily recovering.
Going forward, we will continue pursuing EPS growth and improved ROE by implementing business portfolio management focused on improved efficiency.
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