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 Urban Development (Asset-utilizing business) ① FY2023 Q2 (First Six Months) ② Vacancy Rate and Rent trends and Portfolio Characteristics ③ Major projects (Offices/Commercial facilities, etc.) ④ Major projects (the Greater Shibuya area) ⑤ Major project 〜Shibuya Sakura Stage〜 ⑥ Upgrading the Greater Shibuya Area ⑦ Condominium index ⑧ Major Large-Scale Residential Projects

	Strategic Investment

	Property Management & Operation

	Real Estate Agents

	Partner co-creation initiatives

	Sustainability Initiatives

	DX Initiatives

④ Major projects (the Greater Shibuya area)

This is a map of major projects in the “Greater Shibuya Area,” a priority area for the Group.

Tokyu Plaza Harajuku “Harakado” (Jingumae 6-chome Block Redevelopment Project) is scheduled to open in the spring of 2024, and several other projects are underway in the Greater Shibuya Area, including the Next Shibuya Sakuragaoka Block and Jinnan 1-chome Block Redevelopment projects.