tokyu land corporation

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

 

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Disclaimer

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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Return to Shareholders

I will discuss the return to shareholders.

The basic policy of return during the current Medium-Term Management Plan is to continuously provide stable dividends and set the dividend payout ratio to at least 25%.

So far, we have adopted a policy to continuously increase dividends by steadily increasing profit attributable to owners of parent.

Although profit is expected to decrease for the fiscal year ending March 31, 2021, we believe that lower profit due to the coronavirus impact is temporary and we plan to pay dividends of 16.0 yen, the same as in the previous fiscal year, with dividend payout ratio at 67.7%, from the viewpoint of continuously maintaining stable dividends and focusing on the return to shareholders.