tokyu land corporation

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

 

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Contents

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 in business portfolio management②  (from FY2023)

As for businesses positioned under Revise and Advance.
In the commercial facilities business, we will continue to monitor the impact of declining interest among tenants in opening new stores due to labor shortages and other factors, while working to maximize the business value of new facilities, primarily in the Greater Shibuya Area.

In the overseas businesses, we will continue to monitor the impact of the U.S. policy interest rate and the presidential election, while reviewing existing businesses to reduce business risks and promoting initiatives to improve profitability.

In the property management business, we will improve productivity and profitability and expand business domains by shifting from "quantity" to "quality" and improving quality and profitability and expand business domains by improving quality.

In the healthcare business, we transferred all shares of the fitness business of Tokyu Sports Oasis to Renaissance Inc., a major player in the industry, on March 31, 2024.
Additionally, in the senior residential business, we will strengthen our development and operational capabilities through our business partnership with Charm Care Corporation.