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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FY2024 Q1 (First Three Months) Segment performance

The top table shows the breakdown of operating revenue and operating profit by segment for the first quarter.
Although profits increased year on year in Property Management and Operation and Real Estate Agents, overall revenues increased while profits decreased year on year, owing partly to a decline in gains on asset sales.

The bottom table shows a breakdown of asset sales by segment.
As the real estate market remained robust, we made steady progress on asset sales, achieving approximately 80% of our full-year forecast in completed sales and contracts.