tokyu land corporation

Financial Highlights
FY2014 Second Quarter (First Six Months) Ended Sep-30, 2014

 

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FY2014 Q2 (First Six Months) Operating Results

FY2014 Q2 (First Six Months) Segment performance

Summary of balance sheets

FY2014 Forecast (Operating Results)

FY2014 Forecast (Segment performance)

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands/Business Innovation and Others

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FY2014 Forecast (Operating Results)

I will now provide you with a briefing on our full-year forecast for the fiscal year ending March 2015.
We expect operating revenue to be ¥760 billion, operating income to be ¥63 billion, ordinary income to be ¥51 billion, and net income to be ¥25 billion for the fiscal year ending March 2015.

We expect higher revenue and income, primarily reflecting an increase in the sale of buildings for investors, and we are expecting an increase in net income mainly due to an improvement in minority interests in income.

Compared with the initial forecast, we have revised up the operating revenue by ¥25 billion, mainly reflecting the review of sales plans for buildings for investors, etc.

We anticipate that interest-bearing debt will rise ¥139 billion from the end of March 2014, to ¥1,130 billion, mainly attributable to new investments focusing on the replenishment of the portfolio. Meanwhile, the DE ratio is expected to be 2.9 as initially forecast.

With respect to dividends, we plan to pay annual dividends of ¥10 per share, as initially planned.