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Please allow us to present financial highlights.
First is our financial results for the fiscal year ended March 31, 2023.
Operating profit came to 110.4 billion yen and profit attributable to owners of parent to 48.2 billion yen.
We experienced significant increases in revenues and profit primarily due to strong sales of assets and real-estate sales agent transactions and a recovery in Hotels owing to relaxed restrictions on behavior and border measures, with both sales and each profit line all reaching a record-high.
Additionally, annual dividends per share came to 23.5 yen, an increase of 4.5 yen over our dividend forecast announced in the last November, and the dividend payout ratio to 35.0%.
Next, we would like to present our earnings forecast for the fiscal year ending March 31, 2024.
We are forecasting operating profit of 112.0 billion yen and profit attributable to owners of parent of 62.0 billion yen.
We are looking to renew our record-highs of sales and each profit line largely through higher gains on sales of assets and a further recovery in inbound demand in Hotels and other operations.
We are planning on paying an annual dividend of 28.0 yen per share, an increase of 4.5 yen from the fiscal year ended March 31, 2023.
Next, we will touch on progress in our medium-term management plan 2025.
We are progressing steadily towards reaching our target KPI for FY2025.
With structural reforms in businesses positioned as needing fundamental restructuring to come to a close, we will realize efficiency-minded growth through balance sheet control and aim to enhance our shareholder value and corporate value as we move forward.
Finally, this is about the completion of Tokyu Land Corporation’s switching of all electric power used at its offices and facilities that it owns to power generated from renewable energy.
In December 2022, we completed this switch, which is also one of the conditions for achieving RE100.
As a result of this switch, we will be able to reduce our CO2 emissions by approximately 156,000 tons per year, equivalent to the emissions of approximately 80,000 general households.
Details are explained on page 47.
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