tokyu land corporation

Financial Highlights
FY2019 Third Quarter (FY2019 Third Quarter (First Nine Months) Ended December 31, 2019

 

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Contents

FY2019 Q3 (First Nine Months) Operating Results

FY2019 Q3 (First Nine Months) Segment performance

Summary of balance sheets

Trends in equity and interest-bearing debt

Issuance of green bonds

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

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(1) FY2019 Q3(First Nine Months)

Now, We will move on to the Real Estate Agents segment.

In the third quarter of the fiscal year ending March 31, 2020, although revenue increased due to the strong performance of retail operations in the agent business, profit decreased mainly due to the reactionary decline in the absence of sales of highly profitable properties posted in the previous fiscal year.

In terms of forecasts for the fiscal year ending March 31, 2020, this segment projects an increase in both revenue and profit in anticipation of the ongoing strong performance of the agent business, particularly that of retail operations.