tokyu land corporation

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

 

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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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① FY2023 Q3  (First Nine Months)

This is about the Strategic Investment Business segment.

In the third quarter, operating revenue were 63.1 billion yen and operating profit was 7.7 billion yen, an increase in revenues and a decrease in profit year on year.
The Infrastructure and Industry segment reported higher profit due to the sale of logistics facilities, while the Overseas Business segment reported lower profit due to the absence of the equity sales in the previous year and higher expenses.

As for the full-year forecast, as shown in the lower part of the table, we expect an increase in revenues and a decrease in profit compared with the previous year.
The Infrastructure and Industry business segment is expected to post higher earnings due to an increase in asset sales of logistics facilities, despite a decrease in equity sales of logistics facilities, while the Overseas segment is expected to post lower earnings due to an increase in interest expenses.