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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Shareholder Return

Regarding ROE and shareholder returns.

ROE for the fiscal year ending March 31, 2023 was 7.3%, an improvement from the previous year.
ROE for the fiscal year ending March 31, 2024 is set at 8.9%, which is almost on track to achieve the target level of 9.0% set in the medium-term management plan.

Our shareholder return policy is to maintain a dividend payout ratio of 30% or more and to maintain stable dividends.
For the fiscal year ending March 31, 2024, we plan to pay a dividend of 28.0 yen, an increase of 4.5 yen from the previous fiscal year, for a payout ratio of 31.1%, unchanged from the initial forecast.