tokyu land corporation

Financial Highlights
FY2016 Second Quarter (First Six Months)
Ended September 30, 2016

 

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FY2016 Q2 Financial Highlights

FY2016 Q2 (First Six Months) Operating Results

FY2016 Q2 (First Six Months) 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

Innovation Business

Changes in Equity and Interest-bearing Debt

Return to Shareholders

Reference

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(1) FY2016 Q2(First Six Months)

Next, I would like to present the results of the Property Management segment.

In the first six months of the fiscal year ending March 2017, operating revenue rose due primarily to increased stock of both condominiums and buildings under management.
Operating income decreased, mainly reflecting an increase in expenses for strategic measures such as the maintenance and strengthening of the management system, which we continued from the previous fiscal year, and the absence of the completion of large-scale building construction work that took place in the same period of the previous fiscal year.

In the forecast for the fiscal year ending March 2017, we expect an increase in both operating revenue and operating income, because we expect a continued increase in stock of both condominiums and buildings under management.