tokyu land corporation

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

 

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Disclaimer

Contents

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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Gross profit on sales and land and buildings for sale by assets

Asset sales gross profit and book value of land and buildings for sale.

We are promoting efficient asset turnover and profit generation, against the backdrop of favorable trading market conditions.
As shown in the graph on the left, gross profit on sales of assets for the third quarter amounted to 31.7 billion yen, showing steady progress.
The balance of land and buildings for asset sales, as shown in the graph on the right, has been increasing, as investments have also progressed steadily since the end of the previous fiscal year.

We will continue to actively sell assets, including asset replacement.
In addition, as part of the “co-creation with partners” business policy outlined in the long-term management policy, the sale was implemented from the perspective of e expanding the assets involved and increasing efficiency through leveraging other parties’ capital.