tokyu land corporation

Financial Highlights
FY2020 Third Quarter (First Nine Months) Ended December 31, 2020

 

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Overview of the FY2020 Third Quarter (First Nine Months) Ended December 31, 2020

Urban Development

Residential

Property Management

Real Estate Agents

Wellness

Tokyu Hands FY2020 Q3(First Nine Months)

Initiatives in Wellness and Tokyu Hands segments

Innovation Business

Trends in equity and interest-bearing debt

Hybrid Financing

Return to Shareholders

Development of Business to Address Social Issues

Sustainable Management<External Evaluation>

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(1) FY2020 Q3(First Nine Months)

I will explain the Residential segment.

Although the sale of rental housing for investors increased, revenue and profit decreased due to a decrease in the number of condominium units sold.

Regarding the full-year forecast, revenue is expected to increase due to a rise in the unit prices of condominiums, while profit is expected to decrease due to a decline in the gross margin ratio for condominiums.