tokyu land corporation

Financial Highlights
FY2018 Second Quarter (First Six Months)
Ended September 30, 2018

 

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FY2018 Q2 Financial Highlights

FY2018 Q2 (First Six Months) Operating Results

FY2018 Q2 (First Six Months) Segment performance

Summary of balance sheets

Summary of Cash Flows

Public stock offering

FY2018 Earnings Forecasts

FY2018 Forecast (Segment performance)

Trends in equity and interest-bearing debt

Return to Shareholders

ESG management

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

Reference

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FY2018 Earnings Forecasts

I will now explain our earnings forecasts for the fiscal year ending March 31, 2019.

We have increased only operating revenue by ¥20 billion yen from the initial forecast announced in May, to ¥900 billion yen, and operating profit, ordinary profit and profit attributable to owners of parent are estimated to be ¥80 billion, ¥70 billion and ¥37 billion, respectively.

We expect that both revenue and profits will increase, particularly in the Wellness segment and overseas operations.

Interest-bearing debt at the end of the fiscal year will be ¥1,320 billion due to the capital increase through public stock offering conducted in October, and the debt-to-equity ratio is estimated to improve from 2.7 times in the initial forecast to 2.3 times, which is the target in the medium-term management plan.
Annual dividends will be ¥15.5 per share as initially forecast (interim dividend of ¥7.5 and year-end dividend of ¥8).