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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③ Expansion of renewable energy business

Past performance and future plans for the renewable energy business.

The table shows the amount of investment in facilities already in operation and the gross profit from electricity sales.
As of December 31, 2023, the amount of investment in facilities already in operation (before depreciation) was 256.6 billion yen, compared to 395.2 billion yen in facilities already made decisions (before depreciation).
Gross profit is also planned to be 4.9 billion yen for the fiscal year ending March 31, 2024, and was 5.0 billion yen in the third quarter.

For our group, which has positioned Environmental Management as one of the Group policies, the renewable energy business is an important business from the perspective of realizing a decarbonized society.
At present, our main focus is on solar power generation in the FIT business, but we will shift our future development focus to wind power generation by ourselves and expanding into new business areas such as PPA, solar sharing, and business development overseas.