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 FY2021 ending March 31, 2022 in the property management and operation segment.

Operating revenue of JPY420 billion and operating profit of JPY9 billion are planned, with an increase in both revenues and profit YoY.

In the property management business, we plan to recover construction revenue, which fell in the previous fiscal year due to the impact of COVID-19, and other factors. We also expect a certain level of recovery in the wellness business and Tokyu Hands business, which were significantly affected by COVID-19 in the previous fiscal year.

We will continue to improve profitability by increasing the occupancy rate at each facility and strengthening the capturing of domestic demand, as well as thoroughly implement cost structure reforms such as fixed cost reduction.