tokyu land corporation

Financial Highlights
FY2012 Second Quarter (First Six Months) Ended Sep-30, 2012

 

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FY2012 Q2 (First Six Months) Operating Results

FY2012 Q2 (First Six Months) Segment performance

Sales of real estate to Activia Properties Inc.

Summary of balance sheets

FY2012 Forecast (Operating Results)

FY2012 Forecast (Segment performance)

Leasing of Real Estate

Real Estate Sales

Facility Operations

Other Segments

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FY2012 Q2 (First Six Months)

Let me now provide you with a briefing on the Real Estate Sales segment. In the first six months of the fiscal year ending March 2013, operating revenue increased ¥36.2 billion year on year, to ¥69.0 billion, and operating income climbed ¥3.0 billion, to ¥2.5 billion. Both revenues and income increased, primarily thanks to the sale of office buildings and commercial facilities owned as inventory to a REIT, an increase in the sale of condominiums, an improvement in the profit margin, and a fall in the loss on valuation of inventory.

The gross margin on condominiums recovered to 18%. For the fiscal year ending March 2013, we forecast operating revenue of ¥146.3 billion, up ¥30.0 billion year on year, and operating income of ¥9.6 billion, up ¥2.9 billion, as shown in the lower table. We expect higher revenues and income for the full year, reflecting similar trends to those in the first six months.