tokyu land corporation

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

 

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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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FY2023 Q1 (First three months) Operating Results, major index

Here is a summary of the first quarter results.

Operating revenue was 253.1 billion yen, operating profit was 34.5 billion yen, ordinary profit was 32.6 billion yen, and net profit attributable to owners of the parent was 25.3 billion yen, representing an increase in both revenue and income compared to the same quarter last year.

The debt-to-equity ratio was 2.3x, and the debt-to-equity ratio after taking into account hybrid financing was 2.0x.
The full-year forecast for the fiscal year ending March 31, 2024 remains unchanged from that announced in May.