tokyu land corporation

Financial Highlights FY2023 First Quarter (First Three Months) Ended June-30, 2023

 

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Disclaimer

Contents

Progress of Medium-Term Management Plan

Summary of the FY2023 First Quarter (First Three Months) Ended June 30, 2023

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Partner co-creation initiatives

Sustainability and DX Initiatives

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Progress in business portfolio management③

This section summarizes the structural reforms implemented in the fiscal years ended March 31, 2022 and 2023.

Focused on businesses that needed fundamental restructuring,
We have reviewed our business and asset portfolios intensively, focusing on businesses that required fundamental restructuring.

A series of structural reforms, including the transfer of Tokyu Hands in the fiscal year ended March 31, 2022 and the decision to transfer Tokyu Plaza Ginza in the fiscal year ended March 31, 2023, and other business structural reforms that required balance sheet surgery that entailed significant pain and loss, were completed by the fiscal year ended March 31, 2023, with net profit of 62 billion yen for the fiscal year ending March 31, 2024, EPS of 87.37 yen and ROE of 8.8% are planned for the fiscal year ending March 31, 2024.
Although ROE temporarily declined to 3.7% in the fiscal year ended March 31, 2021 due to the impact of the COVID-19, it has been steadily recovering.

We will continue to promote EPS growth and ROE improvement by promoting business portfolio management with a primary focus on improving efficiency.