tokyu land corporation

Financial Highlights FY2011 Ended Mar-31, 2012

 

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Disclaimer

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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New projects

Let me now introduce you to the new properties we are developing.

In fiscal 2011, Abeno Market Park Q's Mall opened in April as one of the largest mall-type shopping centers in Osaka, with tenants occupying 100% of the rentable space. Luogo Shiodome and A-PLACE Ikebukuro, office buildings located in central Tokyo, opened in August and November, respectively. All of these properties have made a good start.

In addition, in February we acquired COCOE Amagasaki Ryokuyu Shin Toshin, a commercial facility located in Amagasaki-shi, Hyogo, and in March, we acquired Shibuya Nomura Building, an office building located in Shibuya. Both of these properties are performing well, with tenants occupying 100% of the rentable space.

In fiscal 2012, Tokyu Plaza Omotesando Harajuku opened on April 18.

Developed under the concept of "Build something you can and should build nowhere else," this new facility consists of the right tenants for the area as a center for fashion culture, including one opening a store for the first time in Japan and those opening new types of stores. This facility has made a good start.

Spline Aoyama Tokyu Building (tentative name) and Meguro 1-chome project are office buildings that are currently under construction. We expect to complete construction work and open them in the coming summer and winter, respectively.