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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① FY2023 Q2  (First Six Months)

This section describes the Real Estate Agents segment.

In the second quarter, operating revenues were 147.3 billion yen and operating profit was 21.7 billion yen, an increase due to an increase in the number of sales brokerage transactions and higher average transaction prices.

As for the full-year forecast, as stated in the lower part of this report, we expect both revenues and profit to increase, mainly in the real estate sales agent business.