tokyu land corporation

Financial Highlights FY2020 Ended Mar-31, 2021

 

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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 strategic investment business segment for FY2021 ending March 31, 2022.

Operating revenue is projected to be JPY65 billion, with operating profit of JPY9.4 billion, an increase in revenues but a decrease in profit YoY.

While revenue from asset sales is expected to increase, profit is expected to decrease due to the loss of fee income from the previous fiscal year in the infrastructure and industry business and development costs.

Asset sales in the infrastructure and industry segment are expected to reach JPY33.6 billion in sales and JPY6.6 billion in gross profit, a JPY20.3 billion increase from the previous fiscal year and a JPY5.2 billion increase from the previous fiscal year.

As for overseas business, the condominium business in Indonesia continued to face a difficult situation due to the impact of COVID-19.