tokyu land corporation

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

 

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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 Months) Operating Results

Overview of results of the first quarter of the fiscal year ending March 31, 2022.

Operating revenue was JPY187.3 billion, operating profit was JPY10.7 billion, ordinary profit was JPY8.3 billion, and profit attributable to owners of parent for the quarter was JPY0.1 billion. As in the previous fiscal year, we recorded an extraordinary loss of JPY1.5 billion as a loss due to the COVID-19 for the fixed costs of closing the facility in accordance with the requirements of the government and various local governments.

In April, we raised 30 billion yen in hybrid loans as part of the 100 billion yen hybrid finance announced in the previous fiscal year.
As with the 70 billion yen raised in the previous fiscal year, Japan Credit Rating Agency, Ltd. recognized equity credit attributes for 50% of the amount.