tokyu land corporation

Financial Highlights FY2023 Ended March-31, 2024

 

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Contents

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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Segment Overview

First, we will explain the Urban Development segment.

For the fiscal year ended March 31, 2024, operating revenue was 365.4 billion yen and operating profit was 53.2 billion yen, an increase in revenues but a decrease in profit year on year.
The Urban development business posted lower profit due to a decrease in sales of assets, while the Residential business posted higher profit due to an increase in sales of assets, despite a decrease in the number of units sold.


For the fiscal year ending March 31, 2025, we plan to achieve operating revenue of 371 billion yen and operating profit of 70.7 billion yen, an increase in both revenue and profits year on year.
The Urban development business is planned to post higher profits due to operation of new properties and an increase in sales of assets, while the Residential business is planned to post lower profits due to a decrease in the number of units sold and a decrease in sales of assets.

Although earnings fluctuate depending on the increase or decrease in asset sales in the fiscal years ending March 31, 2024 and March 2025, both the leasing business and the residential business are performing well.