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 explain the Wellness segment.

The segment was most affected by the COVID-19 pandemic, resulting in a decline in both revenues and profit compared with the previous fiscal year.
In the first quarter, we closed operating facilities and shortened operating hours due to the state of emergency that was declared.
Although the situation has been recovering since the second quarter, we will continue to monitor the impact of the new state of emergency declaration.

For the full year, we forecast a decrease in revenue and profit due to a delay in the recovery of mainly inbound demand at resort operations and Tokyu Stay, and a decrease in sales due to the reduced number of Tokyu Sports Oasis members.

We will continue to make ensuring the safety of our customers and employees in the operation of our facilities our top priority, enhance our efforts to capture domestic demand on the assumption of the delayed recovery of inbound demand, and review our profit structure.