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

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	Cover

	Disclaimer

	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 FY2023 Major business environment FY2023 Q2 (First six months) Operating Results, major index FY2023 Q2 (First six months) Segment performance FY2023 Q2 (First six months) Analysis of segment performance FY2023 Q2 (First six months) Summary of balance sheets Results for the First Six Months of FY2023: Asset Breakdown by Segment and ROA Trends Market value appraisal for leased properties Summary of Cash flow and Investment plan Gross profit on sales and land and buildings for sale by assets FY2023 Earnings Forecasts, major index FY2023 Segment performance Forecast New Forecasts for FY 2023 FY2023 Earnings forecasts and analysis of segment performance Financial Condition Shareholder Return

	Segment Overview

	Urban Development

	Strategic Investment

	Property Management & Operation

	Real Estate Agents

	Partner co-creation initiatives

	Sustainability Initiatives

	DX Initiatives

FY2023 Q2 (First six months) Summary of balance sheets

Here is an overview of the second quarter balance sheet.

Compared to the end of the previous period, in the assets section, cash and deposits increased by 257.9 billion yen due to the sale of fixed assets, etc. In the liabilities section, interest-bearing debt increased by 189.5 billion yen due to financing for capital investment withdrawals in the fiscal year ending March 2024.