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 is the status of the logistics business.

As of March 31, 2024, we were working on 22 projects, 8 already in operation and 14 under development, with a total investment balance of 89.9 billion yen and a total investment amount of 196.8 billion yen.
While revolving our assets, we have continued to secure properties in prime locations and leasing is also progressing smoothly.

Our participation in the freezer and refrigerated warehouse business is described at the bottom left.
Demand for freezer and refrigerated warehouses is expected to increase due to factors such as increased consumption of frozen and refrigerated foods brought about by changes in household size and expanded use of the “Hometown Tax” system, as well as the need to rebuild old freezer and refrigerated warehouses due to regulations on fluorocarbons.
We are currently involved in two planned properties in Osaka City, Osaka Prefecture, and plan to aggressively expand to various regions throughout Japan in the future.

LOGI'Q Minami-Ibaraki, our flagship project completed in January 2024, is introduced at the bottom right.
We will install sections that can be converted into freezer and refrigerated warehouses in future according to tenant needs and low-floor sections, and also provide high-quality common areas and total services from new graduate recruitment support to employee welfare services, thereby contributing to securing workers for tenants and reducing initial investment on an intangible level as well.