tokyu land corporation

Financial Highlights FY2023 Third Quarter (First Nine Months) Ended December 31, 2023

 

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Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the FY2023 Third Quarter (First Nine Months) Ended December 31, 2023

Segment Overview

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Co-Creation with Partners initiatives

Sustainability Initiatives

DX Initiatives

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FY2023 Q3  (First nine months) Operating Results, major index

This is a summary of the third quarter financial results.

Operating revenue was 717.8 billion yen, operating profit was 75.4 billion yen, ordinary profit was 68.0 billion yen, and profit attributable to owners of parent was 45.5 billion yen, an increase in sales and profits compared to the same quarter last year.
The progress rate for the third quarter against the full-year forecast was 64.1% for operating revenue and 65.5% for operating profit, but the business situation remains strong and we are making steady progress toward the full-year forecast.

The D/E ratio was 2.2 times, and the D/E ratio after taking into account hybrid financing was 2.0 times.