tokyu land corporation

Financial Highlights
FY2019 Ended Mar-31, 2020

 

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Disclaimer

Contents

Trends in Results and Polices of FY2020 Earnings Forecasts

Action Policies in FY2020

Overview of Results of the Fiscal Year Ended March 31, 2020 and Forecast for the Fiscal Year Ending March 31, 2021

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

Development of Business to Address Social Issues

Trends in equity and interest-bearing debt

Sustainable Management

Issuance of green bonds

Return to Shareholders

Reference

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FY2020 Earnings Forecasts

Let me outline our earnings forecasts for the fiscal year ending March 31, 2021.

Mainly due to the spread of the coronavirus, both revenue and profit are forecast to fall. Operating revenue and operating profit are forecast to be 930 billion yen and 50 billion yen, respectively. Ordinary profit is expected to be 39 billion yen. Profit attributable to owners of parent is projected to be 26 billion yen.

We expect that interest-bearing debt will continue to increase to become 1,480 billion yen at the end of the fiscal year largely due to investment in the existing development projects. The D/E ratio will be 2.5 times. Although profit is expected to decrease, dividends per share are forecast to be 16.0 yen, the same amount as for the previous fiscal year.