tokyu land corporation

Financial Highlights FY2022 Ended March-31, 2023

 

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Disclaimer

Contents

Progress of Medium-Term Management Plan

Summary of the Financial Results for FY2022, and Forecast for FY2023

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Sustainability and DX Initiatives

Overview of the Medium-term management plan 2025

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③Expansion of renewable energy business

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

We have indicated movements in the total investment amount in operating properties (before depreciation) and gross profit from the sale of electricity.
As of March 31, 2023, relative to the total amount of investment decided upon by the Company of 363.1 billion yen, the total amount of investment that it made in properties in operation (before amortization) was 226.5 billion yen.
Additionally, gross profit increased in line with the operation of each property, resulting in gross profit of 6.5 billion yen for FY2022.

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.
The leading operations in our renewable energy business at this juncture is solar power generation under FIT. However, for future development efforts, we will shift our focus to wind power generation, pursue in-house development starting with the foundation as well as the expansion of new business domains such as PPA and solar sharing, and strive to achieve further growth.