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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② FY2023 Q3  (First Nine Months)

This section describes the Real Estate Agents business segment.

In the third quarter, operating revenue were 208.4 billion yen and operating profit was 28.9 billion yen, up year-on-year, mainly due to an increase in the number of sales brokerage transactions and higher average transaction prices.

For the full year, as shown in the lower part of the forecast, both revenues and profit are expected to increase, mainly in the brokerage business.