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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(2) Vacancy Rate and Rent

These are the trends in the vacancy rate and rents.

The vacancy rate continued to remain low, standing at 0.8% at the end of September 2020.

As in the first quarter, notices of contract cancellation of office buildings within the Group were unchanged from the year-ago level.

The average monthly rent was 28,090 yen per tsubo at the end of September 2020 chiefly due to the contribution newly made by Tokyo PortCity Takeshiba Office Tower.