tokyu land corporation

Financial Highlights FY2023 Ended March-31, 2024

 

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Highlights

Progress of Medium-Term Management Plan and Initiatives to Enhance Corporate Value

Summary of the Financial Results for FY2023, and Forecast for FY2024

Segment Overview

Co-Creation with Partners initiatives

Sustainability and DX Initiatives

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Summary of the Financial Results for FY2023,  and Forecast for FY2024

This is an overview of the financial results for the fiscal year ended March 31, 2024.

Operating revenue was 1,103.0 billion yen, operating profit was 120.2 billion yen, ordinary profit was 110.4 billion yen, and net profit attributable to owners of parent was 68.5 billion yen, resulting in increases in both revenues and profit compared to the previous fiscal year.
In particular, profit increased significantly, reflecting the fact that the company recorded a special loss of 31.3 billion yen in the fiscal year ended March 31, 2023 due to business restructuring and other factors.

The D/E ratio was 2.1 times, and the D/E ratio after taking into account hybrid financing improved to 1.9 times.