tokyu land corporation

Financial Highlights
FY2019 First Quarter (First Three Months) Ended June 30, 2019

 

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FY2019 Q1 (First Three Months) Operating Results

FY2019 Q1 (First Three Months) Segment performance

Summary of balance sheets

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

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(1) FY2019 Q1(First Three Months)

I will now move on to the Wellness segment. Please take a look at page 18.
In the first quarter, revenue increased, largely reflecting the start of operation at the new facilities of Tokyu Harvest Club Karuizawa & VIALA and Tokyu Stay, although profit decreased mainly due to a decline in sales of country houses.
In terms of full year forecasts, we expect the start of operations at new Tokyu Stay facilities and other facilities and their full-year contribution for the results. Despite that, both revenue and profit are expected to decrease due to the absence of the delivery of co-ownership shares of Tokyu Harvest Club posted in the previous fiscal year.