tokyu land corporation

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

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Partner co-creation initiatives

Sustainability Initiatives

DX Initiatives

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Results for the First Six Months of FY2023: Asset Breakdown by Segment and ROA Trends

The following is a breakdown of assets by segment as of September 30, 2023.

The bar graph in the upper left corner shows assets broken down by segment.
As of the end of September 2023, the Urban Development business segment accounted for 1,569.6 billion yen and the Strategic Investment business segment accounted for 595.7 billion yen, with these two segments, which are asset-utilizing businesses, accounting for 77% of the total.

The right-hand side shows the breakdown of total segment assets for the Urban Development business segment and the Strategic Investment business segment.

In the Urban Development business segment, fixed assets include rental offices and commercial facilities, and investment securities in others.

In the Strategic Investment business segment, fixed assets include renewable energy facilities, etc., land and buildings for sale include logistics facilities, etc., and other includes investment securities, etc.

The bottom row shows ROA trends.
4.1% for the fiscal year ending March 31, 2023 and 4.1% for the fiscal year ending March 31, 2024.
Particularly in the asset-utilizing business, we intend to improve ROA by operating large properties, expanding renewable energy and other high-efficiency businesses, and strengthening turnover-type businesses, etc. The ROA target for the asset-utilizing business for the fiscal year ending March 2026 is 3.6%.