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 will explain the Residential segment.

During the first six months, the segment posted lower revenue and profit due to a decline in response resulting from posting sales of large-scale properties in the same period last year.

In our full-year forecast, we expect profit will fall due to lower gross profit margin on condominium units despite increased revenue reflecting a rise in unit price per condominium unit.