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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Partner co-creation initiatives

I would like to introduce some specific examples of our efforts.

First, I would like to discuss the comprehensive business alliance with East Japan Railway Company, which was announced in February 2023.
We have entered into a comprehensive business alliance with the aim of solving social issues and achieving growth for both groups through environmentally symbiotic and community self-help sustainable urban development.
The two groups will work together to promote housing, renewable energy, and overseas business development through the utilization of assets, know-how, and human resources owned by the two groups, as well as a wide range of business collaboration.

Next is the collaboration with the Massachusetts Institute of Technology (MIT).
We have collaborated with MIT in order to make the Greater Shibuya Area, where IT ventures are concentrated, into a world-class startup cluster.
We will accelerate support for startups in the Greater Shibuya Area and promote the creation of an innovation ecosystem by utilizing MIT's industry-academia collaboration program.

Lastly, The cities of Noshiro and Oga in Akita Prefecture are making progress in introducing offshore wind power. We have opened "TENOHA Noshiro" and "TENOHA Oga" there as a participatory community symbiosis project.
We have established a "community exchange space" and an "industrial support space" and will work with local community members and partner companies to promote local lifestyles and support local industries.