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 Q2 (First Six Months)

Next, I would like to explain the results and forecast for the Wellness segment.

In the first six months of the fiscal year ending March 2015, operating revenue declined ¥4.2 billion year on year, to ¥32.7 billion, and operating income fell ¥0.4 billion, to ¥0.7 billion.
Revenues and income declined mainly due to the absence of country house sales, which were recorded in the same period of the previous fiscal year due to the opening of Harvest Club Atami Izusan & VIALA, although revenues and income increased due to the new operation of a membership-only resort hotel, Harvest Club country houses, and senior housing.

As for the forecast for the fiscal year ending March 2015, we expect operating revenue to be ¥74.5 billion, increasing ¥1.7 billion from the previous fiscal year, and operating income to be ¥3.3 billion, rising ¥1.4 billion year on year.

In the Harvest Club, we anticipate an increase in revenues mainly due to new operations such as the opening of Harvest Club Kyoto Takagamine & VIALA in October and the opening of the Katsuragawa shop of the Tokyu Sports Oasis fitness club in October. Operating income is also expected to rise, mainly reflecting a decline in the loss on the valuation of inventory related primarily to country houses that was recorded in the previous fiscal year.