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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(7) Logistics facilities business

This shows our initiatives for logistics facilities projects.

We are developing logistics facilities under the brand name LOGI’Q to expand asset types in the cyclical reinvestment business.

As of the end of June 2020, we were working on 12 projects, 9 properties in operation and 3 properties under development. The balance of investments was 33.3 billion yen. The total floor area stood at 594,000 ㎡.

The right side of the page describes LOGI'Q Miyoshi, which was completed in January 2020.

Miyoshi is a BTS logistics facility. The project began as a warehouse rebuilding project for ASKUL Corporation.

At the property, we pursue safety. We have used the Group's resources, including the interior design of Tokyu Hands and the support of the health of employees by Tokyu Sports Oasis.

We believe that the need for logistics facilities will increase as the e-commerce market grows.

We will continue to develop logistics properties using the expertise that the Group has developed in other business fields as we did in the development of LOGI'Q Miyoshi.