tokyu land corporation

Financial Highlights
FY2013 Ended Mar-31, 2014

 

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FY2013 Financial Highlights

FY2013 Operating Results

FY2013 Segment performance

Summary of balance sheets

Summary of the Medium-term Management Plan, Value Innovation 2013

Status of the Establishment of a Holding Company System

Change of Segment Categories(1)

Change of Segment Categories(2)

FY2014 Forecast (Operating Results)

FY2014 Forecast (Segment performance)

Segments performance

Leasing of Real Estate/Urban Development

Real Estate Sales/Residential

Property Management

Real Estate Agents

Wellness/Tokyu Hands/Business Innovation and Others FY2014 Forecast

Changes in Equity and Interest-bearing Debt

Changes in Dividend Payments

Reference

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Wellness/Tokyu Hands/Business Innovation and Others FY2014 Forecast

Next, I would like to present the forecast for the Wellness segment, the Tokyu Hands segment and the Business Innovation and Others segment for the fiscal year ending March 2015.

In the Wellness segment, we expect operating revenue of ¥72.4 billion, down ¥0.5 billion from the previous fiscal year, and operating income of ¥2.9 billion, rising ¥1 billion year on year.
We anticipate a decline in overall revenues, given a decline in revenues including sales of Harvest Club country houses and memberships, despite higher revenues from new operations, the opening of Harvest Club Kyoto Takagamine in October. Operating income, on the other hand, is expected to rise, mainly reflecting a decline in the loss on valuation of inventory related primarily to country houses that was recorded in the previous fiscal year.

In the Tokyu Hands segment, we expect operating revenue of ¥88.1 billion, up ¥3.6 billion from the previous fiscal year, and operating income of ¥0.9 billion, falling ¥0.2 billion year on year.
We expect that revenues will rise, mainly on the back of the opening of new stores, but that income will fall due to the increase in expenses for opening new stores and other expenses.

In the Business Innovation and Others segment, we expect operating revenue of ¥70.6 billion, up ¥11.2 billion from the previous fiscal year, and operating income of ¥2.5 billion, increasing ¥3.7 billion year on year.
We anticipate higher revenues and income, primarily reflecting an increase in sales of properties.