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)

Let me talk about the Real-Estate Agents segment.

Revenues and profit decreased due to a decline in the number of transactions in the real-estate sales as a result of store closures and shorter business hours during the state of emergency and a reactionary decline from the sale of high-margin properties that we had in the previous fiscal year.

As for the full-year forecast, revenues and profit are expected to fall mainly due to a decrease in the number of real-estate sales agent transactions due to the COVID-19 pandemic.