tokyu land corporation

Financial Highlights
FY2015 Ended Mar-31, 2016

 

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FY2015 Financial Highlights

Progress in the Medium-and Long-Term Management Plan

Return to Shareholders

FY2015 Operating Results

FY2015 Segment performance

Summary of balance sheets

FY2016 Forecast (Operating Results)

FY2016 Forecast (Segment performance)

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands FY2015 and FY2016 Forecast

Innovation Business FY2015 and FY2016 Forecast

Changes in Equity and Interest-bearing Debt

Reference

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Summary of balance sheets

Next, I will provide an overview of the balance sheet items.

Total assets at the end of March 2016 amounted to ¥1,984.4 billion, an increase of ¥10.6 billion from the end of the previous fiscal year.

This was mainly due to the payment for the construction of the newly opened facilities and an increase in property, plant and equipment as a result of growth in redevelopment-related investment.

Interest-bearing debt decreased ¥19.3 billion from the end of the previous fiscal year, to ¥1,106.1 billion. The D/E ratio stood at 2.6 at the end of March, which was an improvement from 2.8 chiefly due to an increase in equity capital and a decrease in interest-bearing debt.