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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Co-Creation with Partners initiatives

We 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 companies are pursuing a wide range of business collaborations, including promoting the “Funabashi Ichibacho Project (tentative name)” in the residential business, and establishing a joint fund in the renewable energy business in March 2024.

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.

In addition, we will select partners that will contribute to achieving decarbonization in local governments.
Aiming to become a model case of an “urban local production for local consumption model” that would contribute to realizing decarbonization in the cities of Yokohama and Sagamihara, we proposed the introduction of renewable energy equipment and the use of renewable electricity in city-owned facilities, and were selected as the operator.