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

This shows 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 March 31, 2024, relative to the total amount of investment decided upon by the Company (before depreciation) of 392.5 billion yen, the amount of investment in properties already in operation (before depreciation) was 264 billion yen, and is expected to increase to 304.4 billion yen by March 31, 2025. Gross profit from electricity sales, shown in the line graph, is planned to be 5.9 billion yen for the fiscal year ending March 31, 2025. While there will be an increase in profits due to an increase in operating facilities, it is expected to remain flat year on year due to factors such as the impact of the full-year suspension of operations at the biomass power plant in Yonago, Tottori Prefecture, which has been suspended since September last year.

For the 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.
In order to expand our renewable energy business in the future, we will shift the focus of development from solar power generation to wind power generation, and expand into new business areas such as PPA, solar sharing, and business development overseas, with the aim of achieving further growth.