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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FY2022 Summary of balance sheets② (As of March 31, 2023)

The following is a breakdown of assets by segment and ROA as of the end of the fiscal year ended March 31, 2023.

The bar graph in the upper left corner shows assets broken down by segment.
As of the end of March 2023, the Urban Development segment accounted for 1,644.1 billion yen and the Strategic Investment segment for 537.0 billion yen, with these two segments, which are asset-utilizing businesses, accounting for 78% of the total.

The right-hand side shows the breakdown of total segment assets in the Urban Development segment and the Strategic Investment segment.

In the Urban Development segment, fixed assets include rental offices and commercial facilities, and investment securities in others.

In the Strategic Investment segment, fixed assets include renewable energy facilities, etc., land and buildings for sale include logistics facilities, etc., and other includes investment securities, etc.

The bottom row shows ROA.
We plan to achieve 4.1% in the fiscal year ended March 31, 2023 and 4.0% in the fiscal year ending March 31, 2024.
Particularly in the asset-utilization business, we intend to improve ROA by operating large properties, expanding renewable energy and other high-efficiency businesses, and strengthening turnover-type businesses, etc. The ROA target for the asset-utilization business for the fiscal year ending March 31, 2026 is 3.6%.