tokyu land corporation

Financial Highlights FY2011 Ended Mar-31, 2012

 

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FY2011 Operating Results

FY2011 Segment performance

Summary of balance sheets

Properties expected to be sold to Activia Properties Inc.

FY2012 Forecast (Operating Results)

FY2012 Forecast (Segment performance)

Leasing of Real Estate

Real Estate Sales

Facility Operations

Other Segments

Progress of Medium-Term Management Plan [Value Innovation 2013]

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FY2012 Forecast (Operating Results)

I'll now give you a briefing on our forecast for the fiscal year ending March 31, 2013.

We expect operating revenue to increase ¥43.2 billion from the previous fiscal year, to ¥600.0 billion, operating income to increase ¥0.9 billion, to ¥51.0 billion, and ordinary income to grow ¥3.1 billion, to ¥38.0 billion. Meanwhile, we anticipate that net income in the fiscal year ending March 31, 2013 will decline ¥18.2 billion year on year, to ¥16.0 billion, reflecting the recording of extraordinary income because of the inclusion of SPCs in consolidated subsidiaries in the fiscal year ended March 2012.

Operating revenue for the fiscal year ending March 2013 is likely to increase, mainly in the Real Estate Sales segment, due in part to the planned sale of inventories to a REIT and an increase in sales of condominiums.

We expect that operating income will increase, mainly because of a rise in revenues in the Real Estate Sales segment.

We anticipate that interest-bearing debt at the end of March 2013 will decline ¥89.0 billion year on year, to ¥975.0 billion due in part to the sale to a REIT. The DE ratio is expected to amount to 3.9.

We plan to pay annual dividend payments of ¥7.0 per share, the same amount as those paid in the fiscal year ended March 2012.