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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Strategic Investment ① FY2024 Q1 (First Three Months)

This is about the Strategic Investment segment.

Operating revenue was 25.1 billion yen and operating loss was 0.2 billion yen, meaning that revenues increased but profit fell year on year. The infrastructure and industry business reported lower profits owing partly to a decline in asset sales, while profits in overseas operations decreased owing to factors such as increased expenses caused by rising interest rates in the United States.

In our full-year forecast, we expect year-on-year decreases in both revenues and profit, as shown in the table at the bottom of the slide.
In the infrastructure and industry business, although sales of equity in logistics facilities and the number of operational renewable energy facilities will increase, a decrease in asset sales is expected to result in a decrease in profits.