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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New Forecasts for FY 2023

We would like to explain our business forecast for the fiscal year ending March 31, 2024.

The graph shows operating profit by segment for the previous year, the initial forecast announced in May, and the full-year forecast announced this time.
The full-year forecast is for an increase of 3.0 billion yen from the 112.0 billion yen in operating profit announced in May.

In the Strategic Investment segment, operating profit is expected to decrease from the initial forecast, mainly due to a decrease in equity sales in overseas operations.
In the Property Management & Operation segment, we expect an increase in profit compared to the initial forecast, mainly due to a steady recovery in the hotel business.
The Real Estate Agents segment is expected to post a further increase in profit, mainly due to the strong performance of the brokerage business.