INVESTOR RELATIONS
For Investors
We will provide an easy-to-understand introduction to the company's business overview and medium to long-term management plans.
Toward Vibrant Future for All
1.The Group Philosophy
We aspire to create value for the future to realize a sustainable society and growth, based on a Group Philosophy comprising our ideal vision, our pledge to society, and our founding spirit.
Our ideal vision
Create value for the future
We resolve social issues through our business activities and aim for sustainable society and growth together with our stakeholders.
We realize a future where everyone can be themselves and shine vigorously through the creation of a variety of appealing lifestyles.
Our pledge to society
We believe that corporate value is the sum total of the levels of satisfaction of all of our stakeholders.
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- Customers
- Always coming face-to-face with customers, we will provide value that will ensure that we continue to be chosen by them.
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- Business partners
- We will create value in partnerships and aim to achieve growth together with our partners.
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- Shareholders and investors
- We will maximize shareholder value through sustainable growth.
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- Group employees
- We develop human capital who can tackle challenges and create workstyle environments where Group employees can work actively.
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- Local communities
- We will contribute to a sustainable society by initiatives to coexist with communities and revitalize them.
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- Future society
- We aspire to pass on to future generations a world full of hope with a rich environment.
Our founding
spirit
Challenge-oriented DNA
A progressive spirit inherited since the development of Den-en Chofu, a pioneering effort to create the ideal town
Eiichi Shibusawa
1840–1931
Established the Den-en Toshi Company, the origin of the Group
Eiichi Shibusawa is often referred to as the father of Japanese capitalism for his role in building the foundation for the Japanese economy. He was active from the Meiji era (1868–1912) into the early Showa period (1926–1989). He was involved in the establishment and development of around 500 companies and around 600 public works projects, and made great efforts in support of philanthropic activities.
Provided by: Tokyu Corporation
Noboru Goto
1916–1989
First president of Tokyu Land Corporation
Noboru Goto led the Tokyu Group as the first president of Tokyu Land Corporation. He engaged in large-scale urban development and resort development projects, as well as serving as chairman of the Japan Chamber of Commerce and Industry (JCCI).
2.Message from the President
Based on the Medium-Term Management Plan, Tokyu Fudosan Holdings Corporation's present policy for shareholder returns is to aim for a dividend payout ratio of 30% or more and maintain a stable stream of dividends.
Under the slogan "WE ARE GREEN," the Tokyu Fudosan Holdings Group is endeavoring to create a variety of appealing lifestyles. To this end, we respect all values, embrace diversity, and accept different ideas and ways of thinking. At the same time, we will foster a sense of unity among all Group members while empowering every member of our workforce to realize their individual strengths. By doing so, we will work together with our stakeholders to create a sustainable society and achieve mutual growth, aiming to realize a future where everyone can be themselves and shine brightly.
We hereby express deepest gratitude to our shareholders who have supported our operations to this day and ask for their ongoing patronage and cooperation.
April 2024
President & CEO
3.Company Profile Overview
A History of Value Creation
The origins of the Group lie with the Den-en Toshi Company, which was established by Eiichi Shibusawa and his associates in 1918. During an era of housing shortages in Tokyo due to urban development and population inflow, they adopted the “Garden City” concept that originated in England and created Den-en Chofu, which combines the advantages of both nature and the city. Over more than 100 years since, we have continued to pass down their high aspirations as “Challenge-oriented DNA” and work towards resolving various social issues.
History
| 1918 | Den-en Toshi Co. established |
|---|---|
| 1923 |
Den-en Toshi Co. begins selling real estate in the residential community of Senzoku and in Tamagawadai (now Den-en Chofu) in Japan's first "garden city" development project  |
| 1928 | Meguro-Kamata Railway Co., Tokyu Corporation's predecessor, merges with Den-en Toshi Co. |
| 1953 |
Tokyu Corporation spins off real estate division that becomes Tokyu Land Corporation （TLC）  |
| 1956 | TLC listed on the Second Section of the Tokyo Stock Exchange（reassigned to the First Section of TSE in 1961） |
| 2013 | Comforia Residential REIT, Inc. listed on the Tokyo Stock Exchange Tokyu Community Corp. acquires shares in United Communities Co., Ltd.TLC, Tokyu Community Corp., and Tokyu Livable, Inc. delistedTokyu Fudosan Holdings Corporation established. (three companies delisted) |
Major Shareholder Information
(As of September 30, 2023)
| Name of shareholder | Number of shares held (thousand shares) | Percent of total shares issued |
|---|---|---|
| TOKYU CORPORATION | 114,479 | 15.90％ |
Tracing its roots back to The Den-en Toshi Company established in 1918, Tokyu Fudosan Holdings Company was previously Tokyu Land Corporation, which was spun off from the real estate division of Tokyu Corporation's predecessor in 1953.
We are an equity-method affiliate of Tokyu Corporation. We share the Tokyu brand as a member of Tokyu group and contribute to enhancing the value of the group while aiming for boosting the corporate value and shareholder value through the growth of our group.
Holding Structure
Tokyu Fudosan Holdings Group consists of Tokyu Fudosan Holdings Corporation, a holding company that was established in October 2013, five core operating companies (TOKYU LAND CORPORATION, TOKYU COMMUNITY CORP., Tokyu Livable, Inc., Tokyu Housing Lease Corporation, and NATIONAL STUDENTS INFORMATION CENTER Co., Ltd.), and other consolidated subsidiaries. About 30,000 employees from more than 100 Group companies work to create value in the Group.
About Our Group Businesses
A broad business wingspan with multifaceted businesses
FY2022 Operating revenue composition ratio
Operating revenue for fiscal 2022 was 1,005.8 billion yen, an increase of 1.7% from the previous year. Revenue increased in three segments: urban development business, strategic investment business, and real estate Agents business. The decrease in revenue in the property management and operation business was due to the fact that TOKYU HANDS was excluded from the scope of consolidation from the end of the previous fiscal year due to the transfer of all its shares.
FY2022 Operating profit composition ratio
Operating income for fiscal 2022 was 110.4 billion yen, an increase of 31.7% from the previous year. Profits increased due to factors such as strong performance in the sales market and condominiums backed by a strong real estate market, and a recovery in the hotel business due to the relaxation of movement restrictions and border measures.
End of FY2022 Total assets ratio
Our Businesses
Diverse Assets and Customers
Group facilities under operation
Customers served
Approx.
million
※Tenant companies (office)
508
Tenant companies (commercial)）
1,387
Condominium units under comprehensive management
Approx.
525,000
Condominium management company (non-consolidated)
Condominium units under comprehensive management (approx. 502,000)
(Source: Mansion Kanri Shimbun, May 25, 2023 issue)
No.
1
in Japan
Real estate transactions through agents
Approx.
30,000
FY2022
Sales Brokerage Transaction Volume Ranking
(Source: Shukan Jutaku, May 29, 2023 issue)
No.
2
in Japan
etc.
Includes outsourced employee welfare services members, commercial facility cardholders and app members, fitness club members, BRANZ CLUB members, Tokyu Cosmos Members Club members, and Tokyu Harvest Club members
Renewable energy business
ReENE
As of March 2024
Rated Capacity
1,751
MW
Total number of businesses
104
Reduction in CO₂ emissions
Approx.
1,692,000
t-CO2/year
Office building ratio of four central wards of Tokyo
94
%
Vacancy rate
1.1
%
Currently, 94% of office buildings owned by Tokyu Land and consolidated silent partnerships are located in the four central wards (Chiyoda, Chuo, Minato, Shibuya) of Tokyo.
*As of September 30, 2023
Development in the Greater Shibuya Area
Advancing multiple projects focused on the Greater Shibuya Area, a 2.5-kilometer radius centered on Shibuya Station
Financial Data
The forecast for the fiscal year 2023 was announced on November 7, 2023.
Operating Revenue
Operating Profit
Ordinary Profit
* Profit attributable to owners of parent
** Net income per share
Net Profit*・EPS**
4.Management Strategy
In May 2021, Tokyu Fudosan Holdings announced its GROUP VISION 2030 long-term vision and then, in May 2022, the Group announced our Medium-term management plan 2025, Environmental Management Report, and DX Report. The value we are seeking to create involves creating highly attractive, diverse lifestyles that can help build a future in which everyone can be themselves and shine vigorously. Our ultimate aim is to leverage Group strengths to realize our ideal vision and achieve sustainable growth.
Medium-Term Management Plan 2025
Long-Term Vision [GROUP VISION 2030]
Realize our ideal vision by promoting the long-term management policy formulated based on the materialities.
![Long-term vision [GROUP VISION 2030]](/img/english/ir/individual/for_investors/investors04-02-01.png)
We aim to be a corporate group that continues to create value by transforming the Group's distinctive features of environmental management and DX into strengths.
Transitions in Target Indicators (financial indicators)
Aim for profit growth and efficiency improvement toward FY2025 through our business restructuring during the first half of the plan and the start of operations with our large-scale development properties. [As of September 30, 2023]
*Profit attributable to owners of parent
Target Indicators for Fiscal 2025
Aim to achieve target indicators that integrate financial and non-financial data based on materialities.
*1: Detailed targets are set separately. *2: Tokyu Cosmos Members Club questionnaire *3: Scope 1 & 2 under SBT certification *4: Profit attributable to owners of parent
Progress of Medium-Term Management Plan (Financial Targets)
All target financial indicators are steadily improving.
* Profit attributable to owners of parent.
External Evaluation Summary
5.Return to Shareholders
We will maintain a stable dividend payout ratio of at least 30% for the foreseeable future. (The forecast for the fiscal year 2023 was announced on November 7, 2023.)
7.Reference Information
Media（official YouTube）