tokyu land corporation

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

 

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Disclaimer

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 ③ Expansion of renewable energy business

I will present the results of the renewable energy business up to this point and our future plan for that business.
The table shows the amount of investment in facilities already in operation and the gross profit from electricity sales.

As of June 30, 2024, relative to the total amount of investment decided upon by the Company (before depreciation) of 399.1 billion yen, the amount of investment in properties already in operation (before depreciation) was 285.9 billion yen, and is expected to increase to 304.4 billion yen by March 31, 2025.
Gross profit from electricity sales, shown in the line graph, is planned to be 5.9 billion yen for the fiscal year ending March 31, 2025, and amounted to 2.4 billion yen in the first quarter.
 
For the Group, which has positioned environmental management as one of the Group policies, the renewable energy business is an important business from the perspective of realizing a decarbonized society.
In order to expand our renewable energy business in the future, we will shift the focus of development from solar power generation to wind power generation, and expand into new business areas such as in-house development from the foundations, PPA, solar sharing, and business development overseas, with the aim of achieving further growth.