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I will now explain the financial results for the fiscal year ended March 31, 2021 and the plan for the fiscal year ending March 31, 2022.
First, I would like to explain the highlights of the fiscal year ended March 31, 2021. Please see page 4 of the document.
First, I will talk about the financial results. In the fiscal year ended March 31, 2021, although profit decreased significantly due to the significant impact of the COVID-19, as announced on April 27, 2021, we were able to achieve a significant upward revision from the forecast announced in November 2020 due to the contribution of our strong business.
Our flagship property, TOKYO PORTCITY TAKESHIBA, opened in September. The office tower is now fully occupied. We are promoting smart building initiatives together with our tenant, the Softbank Group.
We have decided to raise a total of JPY100 billion through hybrid financing, of which JPY70 billion was raised in December 2020, for the purpose of improving financial soundness and capital efficiency and investing in sustainable growth.
Despite the significant decrease in profit, we have maintained the dividend at JPY16 per share, the same amount as the previous fiscal year, as initially planned, based on our shareholder return policy of maintaining and continuing stable dividends.
Lastly, it is about environmental aspects which we are working on. Tokyu Land Corporation has decided to significantly accelerate the target of achieving RE100 from 2050 to 2025 and has started switching to renewable energy sources for electricity use at 17 of its facilities, including our offices, from this April.
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