tokyu land corporation

Financial Highlights FY2023 Second Quarter (First Six Months) Ended September 30, 2023

 

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Contents

Highlights

Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the FY2023 Second Quarter (First Six Months) Ended September 30, 2023, and Earnings Forecasts

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Partner co-creation initiatives

Sustainability Initiatives

DX Initiatives

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Progress in business portfolio management②

As for businesses positioned under "Revise and Advance,"
in the commercial facilities business, we will promote leasing activities in response to changes in consumer behavior, such as recovery of inbound consumption and continued expansion of the e-commerce market, and renewal to provide new value.

In the overseas business, we will promote improvement of existing businesses and acquisition of new business opportunities to enhance profitability, while keeping a close eye on market changes mainly due to rising policy interest rates in the United States.

In the property management business, we will improve productivity and profitability and expand business domains by shifting from "quantity" to "quality" and improving quality, rather than by growing profits through stock expansion.

For the wellness business, we will work to increase operating revenues, especially in the hotel and leisure business, by capturing the recovery of domestic and inbound demand, and promote business to increase membership hotel and condominium development business profits.