tokyu land corporation

Financial Highlights
FY2020 Second Quarter (First Six Months)
Ended September 30, 2020

 

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Contents

Trends in Results and Polices of FY2020 Earnings Forecasts

Activity policy for the fiscal year ending March 2021

Overview of the FY2020 Second Quarter (First Six Months) Ended September 30, 2020 and Forecast for the Fiscal Year Ending March 31, 2021

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands FY2020 Q2(First Six Months)

Initiatives in Wellness and Tokyu Hands segments

Innovation Business

Trends in equity and interest-bearing debt

Hybrid financing

Issuance of sustainability bonds

Return to Shareholders

Development of Business to Address Social Issues

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(1) FY2020 Q2(First Six Months)

Next, I would like to explain the overall condition by segment.
Let me start with the Urban Development segment.

In the first six months, while commercial facilities and rental meeting room business were strongly affected by the COVID-19 impact, revenue and profit increased mainly thanks to the contribution of revenue from the sales of properties including buildings for investors.

As for full-year forecasts, while revenue is expected to rise due to the contribution of Tokyo PortCity Takeshiba that opened in the current fiscal year, profit is expected to fall chiefly due to the COVID-19 impact in the commercial facilities and rental meeting room business.