tokyu land corporation

Financial Highlights FY2021 Second Quarter (First Six Months) Ended September 30, 2021

 

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Contents

FY2021 Q2 {First Six Months)/ plan for FY2021 Highlights

Forcast for the FY2021

Results of the FY2021 Q2 / Highlight for the FY 2021 plan

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Basic Policy for Increasing Shareholder Value and Corporate Value

Financial Capital Strategy

Formulation of bond policy

Issuance of sustainability-linked bond

Our efforts in relation to the international agreement for the realization of a decarbonized society

Sustainable Management〈External Evaluation〉

Roadmap for Value Creation through DX

DX Case Study

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⑤  Condominium index

These are movements in operating index for condominiums for sale.

We are planning on selling 2,082 units in the fiscal year ending March 31, 2022, with sales at 133.6 billion yen.

The sales situation for condominiums is continuing to trend steadily.
Contract obtaining rate for the fiscal year ending March 31, 2022 was 89% as of the end of the second quarter, with completed inventory of 827 units at the beginning of the fiscal year. This figure decreased to 587 units as of the end of September, indicating that sales are progressing smoothly.

Our gross margin on condominiums up to the second quarter was low at 18% due to the low percentage of newly-sold properties. We plan on raising this figure to 21% (initial forecast of 20%) for the full fiscal year ending March 31, 2022.

Regarding investment, from the beginning of the fiscal year, progress has been made in 8.4 billion yen in land acquisition, or 764 units in terms of number of units, with approx. 8,600 units in land back scheduled to be posted in the fiscal year ending March 31, 2023 and beyond.
The percentage of redevelopment properties in land back is approx. 56%. Going forward, we will continue to engage in investment while placing emphasis on redevelopment properties with high value-added.