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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Upgrade Model for Expanding Associated Assets

I would like to introduce some specific examples of our efforts.

First, we would like to discuss the comprehensive business alliance with East Japan Railway Company, which was announced in February 2023.
We have entered into a comprehensive business alliance with the aim of solving social issues and achieving growth for both groups through sustainable Urban Development based on environmental symbiosis and community self-help.
The two groups will work together to promote housing, renewable energy, and overseas business development through the utilization of assets, know-how, and human resources owned by the two groups, as well as a wide range of business collaborations.

Next is the collaboration with the Massachusetts Institute of Technology (MIT).
We have collaborated with MIT in order to make the Greater Shibuya Area, where IT ventures are concentrated, into a world-class startup cluster.
We will promote the creation of an innovation ecosystem by establishing a place to support startups at the Shibuya Sakura Stage and by utilizing MIT's industry-academia collaboration program.

Lastly, we will launch a regional symbiosis project in Noshiro City and Oga City, Akita Prefecture.
TENOHA Noshiro and TENOHA Oga were opened in Noshiro City and Oga City, Akita Prefecture, where offshore wind power is being introduced, as a participatory community symbiosis project.
TENOHA Noshiro and TENOHA Oga have been opened as a participatory community symbiosis project in Noshiro and Oga cities in Akita Prefecture, where offshore wind power is being introduced.