tokyu land corporation

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

Strategic Investment

Property Management & Operation

Real Estate Agents

Partner co-creation initiatives

Sustainability Initiatives

DX Initiatives

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Partner co-creation initiatives

We would like to introduce some specific examples of our efforts.

First, we would like to discuss the comprehensive business alliance with East Japan Railway Company, which was announced in February 2023.
We have entered into a comprehensive business alliance with the aim of solving social issues and achieving growth for both groups through sustainable urban development based on environmental symbiosis and community self-help.
The two groups will work together to promote housing, renewable energy, and overseas business development through the utilization of assets, know-how, and human resources owned by the two groups, as well as a wide range of business collaboration.

Next is the collaboration with the Massachusetts Institute of Technology (MIT).
We have collaborated with MIT in order to make the Greater Shibuya Area, where IT ventures are concentrated, into a world-class startup cluster.
We will promote the creation of an innovation ecosystem by establishing a place to support startups at the Shibuya Sakura Stage and by utilizing MIT's industry-academia collaboration program.

Lastly,we will talk about a regional symbiosis project, we have launched in Noshiro City and Oga City, Akita Prefecture.
TENOHA Noshiro" and "TENOHA Oga" were opened in Noshiro City and Oga City, Akita Prefecture, where offshore wind power is being introduced, as a participatory community symbiosis project.
We have established a "Community Exchange Space" and "Space for Supporting Industry," and will work together with local residents and partner companies to support local lifestyles and industry.