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)

Lastly, I will explain the Innovation Business segment, which consists mainly of overseas operations.
In the first quarter, the segment reported lower revenue and lower profit, largely owning to fewer condominium sales in projects such as BRANZ SIMATUPANG and BRANZ BSD in Indonesia.

As in Japan, business activities were affected by the spread of the coronavirus, with the temporary closure of show homes and so forth.

In our full-year forecast, we project declines in both revenue and profit, reflecting fewer condominium sales in Indonesia as a result of the spread of the coronavirus, the transfer of the contracting business to the Property Management segment, and the discontinuation of the custom-built houses business.