tokyu land corporation

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

 

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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

Real Estate Sales

Property Management

Real Estate Agents

Facility Operations

Other Segments

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(1) FY2013 Q2 (First Six Months)

I will now explain the Property Management segment.

In the first six months of the fiscal year ending March 31, 2014, operating revenue increased by ¥9.6 billion year on year, to ¥47.5 billion, while operating income rose ¥0.6 billion year on year, to ¥3.1 billion.
Both revenue and income increased due to an increase in the number of units we manage, primarily attributable to Tokyu Community Corporation's acquisition of shares in United Communities, as a result of which United Communities became a consolidated subsidiary.

With respect to the forecast for the fiscal year ending March 31, 2014, we expect operating revenue of ¥94.5 billion, up ¥18.0 billion from the previous fiscal year, and operating income of ¥15.0 billion, up ¥6.6 billion year on year.
We also expect an increase in full-year revenue and income, mainly reflecting the contribution of United Communities to revenue as a result of its inclusion in consolidated subsidiaries.

The lower column shows the main properties in operation.