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

Reference

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(1)FY2014 Q2 (First Six Months)

Next, I would like to present the results and forecast for the Real-Estate Agents segment.

In the first six months of the fiscal year ending March 2015, operating revenue declined ¥0.9 billion year on year, to ¥26.9 billion, and operating income decreased ¥0.8 billion, to ¥3.0 billion.

The Real-Estate Agents segment recorded lower revenue and income due to a fall in the number of transactions in both retail sales and wholesale sales in the real estate sales agent business, despite a rise in contracted prices, in addition to a decline in the number of deliveries in the consignment sales business.

As for the forecast for the fiscal year ending March 2015, we expect an operating revenue of ¥59.3 billion, up ¥0.9 billion from the previous fiscal year, and operating income of ¥9.3 billion, rising ¥0.2 billion year on year.
We anticipate higher revenues and income in the segment, mainly reflecting an increase in revenues in the real estate sales agent business, offsetting lower revenues in the consignment sales business due to a decline in the number of deliveries of condominiums.