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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③ Main projects and Operation status

The following is an overview of upcoming major projects for hotels and healthcare facilities, as well as occupancy status of Tokyu Stay.

The upper section is an introduction of major projects.
Sales of memberships in the Harvest Club, including Tokyu Harvest Club VIALA Karuizawa Retreat, which will open in October 2023, are progressing steadily.
In addition, Hyatt House Tokyo Shibuya, an extended stay hotel, is scheduled to open at Shibuya Sakura Stage in February 2024.

The lower left-hand side shows the occupancy status of Tokyu Stay.
Due to a recovery in inbound demand and other factors, RevPAR in September 2023 exceeded the level before the Covid-19 pandemic in September 2019.