tokyu land corporation

Mid-Term Management Plan
2017-2020

 

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Contents

1-1. Positioning of the Medium-Term Management Plan for 2017 to 2020

1-2. Review of the Medium-Term Management Plan for 2014 to 2016

2. Basic Policy and Growth Strategy

3. Business Strategy

4. Financial Strategy

5. Reference material

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2-11. Target indicators

This next slide is about the Target Indicators.

We have set the targeted operating profit at ¥93.0 billion, profit at ¥42.0 billion, the DER at around 2.3 times and the EBITDA ratio at the level of 10 times for FY2020, which is the final year of the Medium-Term Management Plan.
We are aiming to achieve 127% growth in operating profit from the results for FY2016 and 133% growth in profit and an improvement of 0.3 times for the DE ratio.

In terms of operating profit, the targeted average annual growth rate is set at 6.2% to achieve growth exceeding that in the period of the previous Medium-Term Management Plan.

In the current Medium-Term Management Plan, a targeted value has also been set for profit and the EBITDA ratio as well as for the conventional items such as operating profit and the DER.

To increase shareholder value and enhance equity, we aim for stable profit growth and the enhancement of power to create cash flow for the start of operations of large projects.