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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Shareholder Return

Regarding ROE and shareholder returns.

ROE for the fiscal year ending March 31, 2023 was 7.3%, an improvement from the previous year.
ROE for the fiscal year ending March 31, 2024 is set at 8.9%, which is almost on track to reach the target level of 9.0% set in the mid-term management plan.

The Company's shareholder return policy is to maintain a dividend payout ratio of 30% or more and to maintain stable dividends.
For the fiscal year ending March 31, 2024, we plan to pay a dividend of 28.0 yen, an increase of 4.5 yen from the previous fiscal year, for a payout ratio of 31.1%.