tokyu land corporation

Financial Highlights FY2021 Third Quarter (First Nine Months) Ended December 31, 2021

 

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Contents

Results of the FY2021 Q3

Urban Development

Strategic Investment

Property Management & Operation

Real Estate Agents

Initiatives for the realization of a decarbonized society

Sustainable Management〈External Evaluation〉

Roadmap for Value Creation through DX

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③ Main projects and Operating ratio

Next, we will cover the Real Estate Agents business segment.

For the third quarter, operating revenue came to 165.1 billion yen and operating profit to 20.2 billion yen, representing increases in revenues and profit over the same quarter in the previous fiscal year.

Real estate sales agent operations are showing increased profit because of factors such as maintaining their strong performance largely due to needs to revisit living arrangements triggered by COVID-19 in addition to a greater bounce-back from the impact of the virus in the same quarter of the previous fiscal year. In our rental housing service business, profit decreased due to a lesser bounce-back in property sales from the previous fiscal year.

For the full year, we are forecasting increases in revenues and profit over the previous fiscal year, with operating revenue of 232.0 billion yen and operating profit of 23.8 billion yen. Our plan is to grow revenues and profit with a particular focus on our strong-performing real-estate sales agent operations.