tokyu land corporation

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






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


Property Management

Real Estate Agents


Tokyu Hands

Innovation Business

Development of Business to Address Social Issues

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(1) FY2020 Q1 (First Three Months)

Next, I will explain the Residential segment.

During the first quarter, the segment posted higher revenue due to an increase in land sales which are included in the “Other” component of Operating Revenue. However, profit decreased due to fewer sales of rental houses.

In our full-year forecast, we expect the number of condominium units sold to be mostly unchanged from the previous fiscal year but project that revenue will fall mainly due to decline in land sales.
In addition, we expect the gross profit margin on condominium units to be lower, leading to a fall in profit.