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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FY2023 Q2  (First six months) Operating Results, major index

Here is a summary of the second quarter results.

Operating revenue was 490.7 billion yen, operating profit was 58.0 billion yen, ordinary profit was 53.5 billion yen, and profit attributable to owners of the parent was 38.3 billion yen, representing year-on-year increases in both revenues and profit.

The debt-to-equity ratio was 2.3x, and the debt-to-equity ratio after taking into account hybrid financing was 2.0x.