Facts and Figures│Investor Relations│Tokyu Fudosan Holdings

Introduction of Tokyu Fudosan Holdings

This section provides information for investors to give them a better understanding of the Tokyu Fudosan Holdings Group.

Management Strategy

This section introduces the management strategy of Tokyu Fudosan Holdings.
Financial Data

This section provides basic financial information and information about major management indices.
Stock and Bond Information

This section mainly provides information about shares, dividends and shareholder benefits.
IR Library

This section provides IR materials including the latest IR materials as well financial reports, security reports and annual reports.

Investor Relations: More

SPC (Special Purpose Company)	A company established for a special purpose that differs from the purpose of ordinary corporate activities aimed at generating profits, such as the liquidation and securitization of real properties. It takes over properties owned by businesses and uses them as collateral to procure funding.
Non-recourse loan	A type of financing in which debt collection can be achieved solely from the properties provided as collateral when the borrower is unable to repay the debt. It is high risk in the sense that it depends on the earning power of the real estate. The properties are carefully assessed by strict standards and it has a higher interest rate than ordinary loans. It is a common type of loan in the United States.
Off-balance	The state of an asset or liability not being stated in balance sheets although it is used in the operation of business. Corporate value can be increased by moving any transaction with accounting risks off of balance sheets.
NOI yield	A method of calculating investment yield for a single fiscal year. It is used for estimating the yield of a property transaction at an early stage. Net operating income (NOI) ÷ Investment
Pipeline	The sequence of processes from the development of products and other items in a project to sales and the generation of profit. This metaphor comes from oil and natural gas pipelines.