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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Shareholder Return

Regarding ROE and shareholder returns.

ROE for the fiscal year ended March 31, 2023 was 7.3%, an improvement from the previous year.
For the fiscal year ending March 31, 2024, we plan to achieve ROE of 8.8%.

The goal of the medium-term management plan is to achieve ROE of 9% in the fiscal year ending March 31, 2026.

As our shareholder return policy, we will maintain a dividend payout ratio of 30% or more and continue to pay stable dividends.
For the fiscal year ending March 31, 2024, we plan to pay a dividend of 28.0 yen, an increase of 4.5 yen from the previous year, for a payout ratio of 32.0%.