tokyu land corporation

Financial Highlights FY2014 Ended Mar-31, 2015

 

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FY2014 Financial Highlights

FY2014 Operating Results

FY2014 Segment performance

Summary of balance sheets

FY2015 Forecast (Operating Results)

FY2015 Forecast (Segment performance)

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands/Business Innovation and Others(Innovation business) FY2014 and FY2015 Forecast

Changes in Equity and Interest-bearing Debt

Changes in Dividend Payments

Reference

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(1)FY2014 and FY2015 Forecast

Now we will review the Wellness segment.
For the fiscal year ended March 31, 2015, this segment increased operating revenue by ¥1.2 billion to ¥75.1 billion and operating income by ¥2.6 billion to ¥4.4 billion, both year on year.
Although there was a decline in revenue after the sale of a cottage in connection with the start of operation of the Harvest Club Atami Izusan & VIALA in the previous fiscal year, revenue growth was achieved by starting the operation of properties such as the Harvest Club Kyoto Takagamine & VIALA and the Tokyu Sports Oasis Katsuragawa fitness club in October.
Income also climbed after a reduction in the loss on the valuation of inventories in the previous fiscal year, such as a cottage and other properties.
For the fiscal year ending March 31, 2016, the segment is expected to earn operating revenue of ¥89.2 billion, down ¥0.4 billion year on year, and an operating income of ¥4.4 billion, down ¥1.6 billion year on year.
The fiscal year concerned involves some changes in the segment classification of businesses.
The operations of the Tokyo Stay hotels for medium- to long-term stays has been shifted from the Urban Development segment to the Wellness segment. The contracted welfare services operated by EWEL, Inc. have also been transferred from the Business Innovation and Others segment to the Wellness segment. The financial results figures for the fiscal year ended March 31, 2015, used for the purpose of comparison, are estimated figures that reflect these segment changes.
The launch of resort operations and Oasis fitness clubs will bring revenue growth to the segment, but there will be a revenue decline attributable to the sale of a cottage and memberships that used to generate some revenue, such as the Harvest Club Kyoto Takagamine & VIALA. In total, a decline in both revenue and income is forecast.