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)

Moving on to page 21. I will explain the Innovation Business segment which consists of overseas operations.

In the first quarter, both revenue and profit increased due to the posting of sales of condominiums in Indonesia.
With respect to full year forecasts, the segment projects a decrease in revenue, reflecting the transfer of the detached house renovation business in April 2019 and a decline in profit mainly due to lower sales of properties overseas, although sales of condominiums continue to be posted in Indonesia.