tokyu land corporation

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

 

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Cover

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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③ Expansion of renewable energy business

The and future plans for the renewable energy business.

The table shows the amount of investment in facilities already in operation and the gross profit from electricity sales.
As of June 30, 2023, the amount of investment in facilities already in operation (before depreciation) was 230.8 billion yen, compared to 355.6 billion yen in facilities that have already made decisions (before depreciation).
Gross profit is planned to be 6.2 billion yen for the fiscal year ending March 31, 2024, and was 2.1 billion yen in the first quarter.

For the Group, which has positioned environmental management as the Group policy, the renewable energy business is an important business from the perspective of realizing a decarbonized society.
At present, our main focus is on solar power generation in the FIT business, but we will shift our future development focus to wind power generation and aim for further growth by developing from bare ground by ourselves and expanding into new business areas such as PPA and solar sharing.