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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(7) Renewable energy business

This is the current situation of renewal energy business.

The Group is developing renewable energy power facilities under the brand name ReENE.

During the second quarter, five properties went into operation, and as of the end of September 2020, we were working on 53 projects, 35 properties in operation and 18 properties under development.

The balance of investments was 167.0 billion yen. The rated capacity was 1,145 MW.
The rated capacity, which exceeds 1 GW (1,000 MW), indicates that the Group can be internationally recognized as a powerful renewable energy business.

In April 2019, Tokyu Land Corporation joined RE100, an international initiative aiming to procure all electricity consumed in business from renewable energy.

The Group will continue striving to achieve a sustainable society through its renewable energy business.