(5) Vacancy Rate and Rent [Tokyu Land Corp.]/Financial HighlightsFY2013 Second Quarter (First Six Months) Ended Sep-30, 2013/Presentation Material : Tokyu Fudosan Holdings

Financial Highlights
FY2013 Second Quarter (First Six Months) Ended Sep-30, 2013

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	Cover

	Disclaimer

	FY2013 Q2 (First Six Months) Operating Results

	FY2013 Q2 (First Six Months) Segment performance

	Summary of balance sheets

	Transition to the holdings system

	Impacts of the transition to the holdings system on the consolidated balance sheet and on consolidated earnings (1)

	Impacts of the transition to the holdings system on the consolidated balance sheet and on consolidated earnings (2)

	FY2013 Forecast (Operating Results)

	FY2013 Forecast (Segment performance)

	Segments Performance

	Leasing of Real Estate (1) FY2013 Q2 (First Six Months) (2) New projects (3) New projects (Shibuya, Omotesando, and Aoyama areas) (4) Ginza 5-chome Project (tentative name) (5) Vacancy Rate and Rent [Tokyu Land Corp.]

	Real Estate Sales

	Property Management

	Real Estate Agents

	Facility Operations

	Other Segments

(5) Vacancy Rate and Rent [Tokyu Land Corp.]

Next, I would like to talk about the vacancy rate. Our overall vacancy rate was 1.5% at the end of September, continuing to remain low.

The vacancy rate for the Company shows actual occupancy. The average rent for the Company's offices was ¥21,960 per tsubo per month.