Progress in Financial Results

Operating Revenue and Operating Profit

Operating Revenue and Operating Profit

2018/3

Financial Results (Consolidated) 2018/3

Results for this fiscal year ended March 31, 2018 showed ¥866.1 billion in operating revenue (up 7.1% from the previous fiscal year), ¥77.5 billion in operating profit (up 5.9%), ¥68.7 billion in ordinary profit (up 8.0%) and ¥35.2 billion in profit attributable to owners of parent (up 11.6%).
Reflecting continued strong performance of the real estate market, both revenues and profit increased mainly due to an increase in revenues from sales of properties including buildings for investors, improvement in lease revenues from existing buildings, and a contribution from NATIONAL STUDENTS INFORMATION CENTER, which became a consolidated subsidiary in the previous fiscal year, in the Urban Development segment, as well as to a strong performance in the Real-Estate Agents segment.

  • BRANZ Tower Midosujihommachi

    BRANZ Tower Midosujihommachi

  • BRANZ Tower・Wellith Shinsaibashi SOUTH

    BRANZ Tower・Wellith Shinsaibashi SOUTH

2017/3

Financial Results (Consolidated) 2017/3

Results for this fiscal year ended March 31, 2017 showed ¥808.5 billion in operating revenue (down 0.9% from the previous fiscal year), ¥73.2 billion in operating profit (up 6.5%), ¥63.6 billion in ordinary profit (up 12.9%) and ¥31.5 billion in profit attributable to owners of parent (up 9.7%).
Although revenues decreased due partly to lower revenues from sales of properties including buildings for investors in the Urban Development segment, profit increased mainly due to higher profit from sales of condominiums in the Residential segment and to strong performance in the Real-Estate Agents segment and the Wellness segment, specifically at Tokyu Stay urban style hotels.

  • Shibuya Dogenzaka 1-chome Block Development Project Open FY2019(Plan)

    Shibuya Dogenzaka 1-chome Block Development Project Open FY2019(Plan)

  • (tentative name) Shibuya Nampeidai Block Reconstruction Plan Open FY2019(Plan)

    (tentative name) Shibuya Nampeidai Block Reconstruction Plan Open FY2019(Plan)

Shibuya redevelopment 2 project start

2016/3

Financial Results (Consolidated) 2016/3

Results for this fiscal year ended March 31, 2016 showed ¥815.5 billion in operating revenue (up 5.5% from the previous fiscal year), ¥68.8 billion in operating income (up 8.6%), ¥56.4 billion in ordinary income (up 9.1%) and ¥28.7 billion in profit attributable to owners of parent (up 13.8%).

Revenues increased mainly due to strong performance in the Real-Estate Agents segment and increased bulk sales of land in the Residential segment and profit increased thanks in part to higher gains on sales of properties including buildings for investors in the Urban Development segment.

  • Tokyu Plaza Ginza

    Tokyu Plaza Ginza

  • Tokyu Plaza Ginza

    Tokyu Plaza Ginza

2015/3

Financial Results (Consolidated) 2015/3

Results for this fiscal year ended March 31, 2015 showed ¥773.1 billion in operating revenue (up 8.3% from the previous fiscal year), ¥63.3 billion in operating income (up 3.0%), ¥51.7 billion in ordinary income (up 2.2%) and ¥25.2 billion in net income (up 6.4%).
Both revenues and profit increased mainly due to an increase in revenues from sales of properties including buildings for investors and the start of new facilities operations in the Urban Development segment. Net income increased mainly due to an improvement in minority interests in income (loss) following the shift to a holding company system.

  • Q plaza HARAJUKU

    Q plaza HARAJUKU

  • Shin-Aoyama Tokyu Building

    Shin-Aoyama Tokyu Building

2014/3

Financial Results (Consolidated) 2014/3

Results for this fiscal year ended March 31, 2014 showed an increase in revenues and profit with ¥714.1billion in operating revenue (up 19.8% from the previous year), ¥61.4 billion in operating income (up 18.2%) and¥50.6 billion in ordinary income (up 26.8%), thanks mainly to an increase in sales of condominiums, strong sales in the real-estate sales agent business and the consolidation of United Communities Co., Ltd. as a subsidiary.
Net income increased to ¥23.7 billion (up 7.1%). This was mainly due to an increase in minority interests in income, in spite of the recording of gain on sales of non-current assets of ¥8.4 billion from the transferring of assets to Activia Properties Inc. in the previous year.

  • Tokyu Harvest Club Atami Izusan & VIALA

    Tokyu Harvest Club Atami Izusan & VIALA

2013/3

Financial Results (Consolidated) 2013/3

Results for this fiscal year ended March 31, 2013 showed an increase in revenues and profit with ¥595.9 billion in operating revenue (up 7.0% from the previous year). ¥52.0 billion in operating income (up 3 .8%) and ¥39.9 billion in ordinary income (up 14.5%). This was the result of an increase in sales in the Real Estate Sales segment and strong sales in the real-estate sales agent business in the Real-Estate Agents segment. Following the listing of Activia Properties Inc. in June 2012, which entrusts the Company's wholly-owned subsidiary. TLC Activia Investment Management Inc., with its asset management, part of the commercial facilities and office buildings owned by the Company and its consolidated subsidiaries were transferred to Activia Properties. As a result, gain on sales of noncurrent assets of ¥8.4 billion was recorded as extraordinary income. Net income decreased to ¥22.1 billion (down 35.2%). This was mainly the result of a decrease in extraordinary income and loss and an increase in tax expenses.

  • Shin-Meguro Tokyu Building

    Shin-Meguro Tokyu Building

2012/3

Financial Results (Consolidated) 2012/3

Results for this fiscal year ended March 31, 2012 showed a decrease in revenues and profit with ¥556.8 billion in operating revenue (down 2.6% from the previous year), ¥50.1 billion in operating income (down 19.9%) and ¥34.9 billion in ordinary income (down 36.5%). The main factors of this result were the existence of distributions from the sale of a building through SPCs in the previous year and a decline in sales from condominium development.
Meanwhile, net income substantially increased to ¥34.2 billion (up 194.9%). This was the result of the recording of gain on negative goodwill, etc. of ¥49.0 billion as extraordinary income associated with the consolidation of silent partnerships, etc. and impairment loss, etc. of ¥41.7 billion as extraordinary loss associated with the consolidation of silent partnerships, etc. and with the decision to transfer commercial facilities and office buildings, as well as a decrease in tax expenses due to the change in corporate tax rate by amendment of the Corporation Tax Act, etc.

  • Tokyu Plaza OmotesandoHarajuku

    Tokyu Plaza OmotesandoHarajuku

2011/3

Financial Results (Consolidated) 2011/3

Despite the effect of suspension of operations and the shortening of operating hours at some facilities due to the Great East Japan Earthquake, we ended this year with an increase in revenues and profit: ¥571.4 billion in operating revenue (up 3.5% from the previous year), ¥62.5 billion in operating income (up 76.2%), ¥54.9 billion in ordinary income (up 94.9%) and ¥11.6 billion in net income (up 4.9%). Operating revenue increased by ¥19.4 billion due to a sales increase in condominium sales, etc. while operating income increased significantly by ¥27.0 billion as a result of a considerable decrease in loss disposition on inventories and assets held through SPCs and the increase in the gain on sale of buildings through SPCs, etc. Ordinary income also increased by ¥26.7 billion. Regarding extraordinary income/loss, although we recorded extraordinary income of ¥2.2 billion consisting of a gain on negative good will, etc. we also had an extraordinary loss of ¥35.6 billion consisting of impairment loss, etc. Net income increased by ¥0.5 billion due to a decrease in tax expenses, etc.

  • New Supply CROSS AIR TOWER.

    New Supply CROSS AIR TOWER.

2010/3

Financial Results (Consolidated) 2010/3

We ended the year With a decrease in revenues and increase in profit, ¥552.1 billion in operating revenue (down 3.9% from the previous year), ¥35.5 billion in operating income (up 1.4%), ¥28.2 billion in ordinary income (up 1.8%) and ¥11.1 billion in net income (up 8.5%). Operating revenue decreased by ¥22.3 billion due to a decline in the number of condominium units sold, among others, while operating income increased by ¥0.5 billion as a result of the increase in dividends from the sale of buildings through SPCs, among others, offsetting a loss disposition on inventories and some assets held through SPCs. Ordinary income also increased by ¥0.5 billion.
Regarding extraordinary income/loss, although we recorded extraordinary income of ¥3.6 billion consisting of a gain on sales of noncurrent assets, among others, however, we also had an extraordinary loss of ¥3.8 billion, with a ¥3.6 billion impairment loss. Compared to the previous year, extraordinary income/loss improved by ¥3.8 billion, while increasing tax expenses affected on net income that profit increased by ¥0.9 billion.

  • Senior housing 'Grancreer Center Minami' opened

    Senior housing "Grancreer Center Minami" opened

2009/3

Financial Results (Consolidated) 2009/3

We ended this year with a decrease in both revenues and profit with ¥574.4 billion in operating revenue (down 9.3% from the previous year), ¥35.0 billion in operating income (down 57.4%), ¥27.7 billion in ordinary income (down 63.3%) and ¥10.2 billion in net income (down 64.5%). Operating revenue decreased by ¥59.0 billion due to a decrease in the number of condominium units sold and operating income plunged ¥47.1 billion as a result of the recording of a loss on valuation of inventories and lower dividends from the sale of buildings by SPCs. Ordinary income also dropped ¥47.8 billion due to a ¥0.7 billion hike in interest expenses. Although we recorded an extraordinary income of ¥3.0 billion consisting of a gain on sales of noncurrent assets, among others, however, we also had an extraordinary loss of ¥6.9 billion, with a ¥3.0 billion impairment loss and a ¥2.0 billion loss on sales of noncurrent assets. Compared to the previous year, extraordinary income improved by ¥13.7 billion, and net income decreased in profit by ¥18.5 billion.

  • Started the construction of Osaka-shi Abeno SC project

    Started the construction of Osaka-shi Abeno SC project

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