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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Financial Condition

This slide is on changes in interest-bearing debt and other factors.

The long-term ratio of interest-bearing debt as of March 31, 2024 was 95.8%, and the fixed ratio was 95.5%, indicating that stable financing is continuing.
 
As of the end of March 2025, interest-bearing debt is planned to be 1.65 trillion yen, with a debt-to-equity ratio of 2.1x, and a debt-to-equity ratio of 1.8x after taking hybrid financing into account.
We will continue to control our balance sheet with an awareness of maintaining and improving financial soundness.
 
In January 2024, JCR revised its long-term issuer rating outlook from A (stable) to A (positive).
While we are working on structural reforms in businesses that need to be restructured, the rating also recognizes the improvement of our business performance, cash flow, and financial structure, accompanied by the strengthening of stable revenue sources such as office building leasing and the renewable energy business.