tokyu land corporation

Financial Highlights FY2020 Ended Mar-31, 2021

 

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Contents

Overview of Results of the Fiscal Year Ended March 31, 2021

Forecast for the Fiscal Year Ending March 31, 2022

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Financial Capital Strategy

Initiatives for Achieving RE100 Targets

Initiatives Related to Climate Change

Sustainable Management <External Evaluation>

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① FY2021 Forecast

I would like to explain the forecast for the urban development business segment for FY2021 ending March 31, 2022.

Operating revenue are expected to be JPY350 billion, with operating profit of JPY47.5 billion, up from the previous year.

An increase in revenues from the sale of assets such as offices and commercial facilities, as well as full-year occupancy of new properties are expected to contribute. In the office leasing business, TOKYO PORTCITY TAKESHIBA has been operating for the full year, and in the leasing commercial facilities business, the impact of COVID-19 continues, but we assume a partial recovery from the previous fiscal year.

In the sale of assets such as office buildings and commercial facilities, which are included in the urban development and other segment, we plan to achieve revenue of JPY89 billion and gross profit of JPY17.5 billion, an increase of JPY8.9 billion and JPY5.1 billion, respectively.

Condominium sales are expected to increase due to the planned posting of 2,290 condominium units, while sale of rental housing and other assets, which are included in residential and others, are planned to decrease.

Please note that the operating profit shown in the remarks column of the forecasts for each segment on this and subsequent pages is a reference value before consolidation.