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)

I would like to explain the Wellness segment.

This is the most severely hit segment by the spread of the coronavirus.
Revenue and profit fell due to the closure or shortened business hours of individual facilities under management associated with the declaration of a state of emergency in the first quarter, and recovery in demand is slower than expected during the second quarter (July to September).

In our full-year forecast, revenue and profit are expected to fall because we expect a delay in the recovery of demand centering around inbound demand at resort operations and TOKYU STAY and lower revenue due to a decline in the number of members of Tokyu Sports Oasis.

While ensuring facility operation that prioritizes the safety of customers and employees, we will strive to reinforce capturing domestic demand, assuming a delay in the recovery of inbound demand, and will review our revenue structure.