tokyu land corporation

Financial Highlights FY2021 First Quarter (First Three Months) Ended June-30, 2021






Overview of the FY2021 First Quarter (First Three Months) Ended June 30, 2021

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Initiatives for Achieving RE100 Targets

Initiatives Related to Climate Change

Sustainable Management <External Evaluation>

Corporate Governance

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FY2021 Q1 (First Three Month) Highlights

These are the financial results of the first quarter in FY2021.

In May, we announced "GROUP VISION 2030" at the same time as the announcement of financial results.
By transforming the Group's unique characteristics into strengths through environmental management and DX, and by evolving our model for expanding the assets involved, we aim to build a resilient and unique business portfolio and increase shareholder value and corporate value.

Next, I will explain the impact of the COVID-19.
There is no prospect of an end, and some local governments continue to issue the declaration of a state of emergency and the implementation of priority measures to prevent the spread of COVID-19. Our business performance was also affected in the first quarter, mainly in the commercial facilities, wellness and Tokyu Hands business.
On the other hand, compared to the same quarter of the previous year, when business activities were severely restricted, profits increased in all segments, with operating income of 10.7 billion yen and profit attributable to owners of parent of 0.1 billion yen.

About ESG initiatives.
On the environmental side, we became the first developer in Japan to obtain SBT certification and 1.5 degrees Celsius level.
In terms of "GROUP VISION 2030", we set environmental management as the Group policy and we promote the realization of a carbon-free society and a recycling-oriented society and the creation of lifestyles that contribute to the environment.
In terms of governance, we have increased the number of outside directors and the number of outside directors of the Nomination and Compensation Committee with the aim of further strengthening the system.