tokyu land corporation

Financial Highlights
FY2020 First Quarter (First Three Months) Ended June 30, 2020

 

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Contents

Overview of the FY2020 First Quarter (First Three Months) Ended June 30, 2020

FY2020 Q1 (First Three Months) Operating Results

Effects of the Coronavirus in FY2020 Q1 (First Three Months)

FY2020 Q1 (First Three Months) Segment performance

FY2020 Q1 (First Three Months) Summary of balance sheets

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands

Innovation Business

Development of Business to Address Social Issues

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(6) Renewable energy business

This shows our initiatives for renewable energy projects.

The Group is developing renewable energy power facilities under the brand name ReENE.

During the first quarter, three properties went into operation, and as of the end of June 2020, we were working on 50 projects, 33 properties in operation and 17 properties under development.

The balance of investments was 150.1 billion yen. The rated capacity was 1,041 MW.

The rated capacity, which exceeds 1 GW (1,000 MW), indicates that the Company can be internationally recognized as a powerful renewable energy business.

In April 2019, Tokyu Land Corporation joined RE100, an international initiative aiming to procure all electricity consumed in business from renewable energy.

The Group will continue striving to achieve a sustainable society through its renewable energy projects.