tokyu land corporation

Financial Highlights FY2024 First Quarter (First Three Months) Ended June 30, 2024

 

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Highlights

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

Summary of the FY2024 First Quarter (First Three Months) Ended June 30, 2024

Segment Overview

Initiatives for Co-Creation with Partners and Utilization of Regional Resources

Sustainability and DX Initiatives

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Progress of Medium-Term Management Plan  (Financial Targets)

In the fiscal year ended March 31, 2024, we achieved all of our financial targets for the fiscal year ending March 31, 2026, the final year of our medium-term management plan, two years ahead of schedule, thanks to favorable performance in asset sales and brokerage sales, as well as a robust hotel business thanks to strong inbound demand.

For the fiscal year ending March 31, 2025, although the business environment remains uncertain due to concerns over inflation and rising domestic interest rates, we expect the real estate and for-sale housing markets to remain strong, and we plan to achieve record-high revenue and profits. ROE improved to 9.6% for the fiscal year ended March 31, 2024 and is planned to remain at 9.0% for the fiscal year ending March 31, 2025.