Tokyu Fudosan Holdings Corp. · TSE:3289
Tokyu Fudosan — Q3 FY2014 Earnings Presentation
24 slides from Tokyu Fudosan's earnings presentation, February 2015
Slide 1: Financial Highlights FY2014 Third Quarter (First Nine Months)
Financial Highlights FY2014 Third Quarter (First Nine Months) Ended Dec-31, 2014
Slide 2: Forward-looking statements notice
The forecasts and other forward-looking statements in this report are based on currently available information and certain assumptions determined as rational. Consequently, the statements herein do not constitute assurances regarding actual results by the Company. Actual performance may significantl
Slide 3: FY2014 Q3 (First Nine Months) Operating Results
FY2014 Q3 (First Nine Months) Operating Results Both revenue and income increased, thanks mostly to the contribution of the properties whose operation commenced in the urban development segment. （ \ billion ） Q3 Fi r st Nin e M o n t h s Fu l l- ye ar (e n de d De c - 3 1 ) (e n de d M ar - 3 1 ) Pr
Slide 4: FY2014 Q3 (First Nine Months) Segment performance
FY2014 Q3 (First Nine Months) Segment performance The segment categories have been changed from FY2014. *The details of the change in segments are described in Reference Information ⑤-⑥. （\ billion） Q3 Fir st Nin e M o n t h s Fu ll- ye ar (e n de d De c - 3 1 ) (e n de d M ar - 3 1 ) Pr o gr e ss C
Slide 5: Summary of balance sheets
Summary of balance sheets Assets and interest-bearing debt increased due to the acquisition of buildings and commercial facilities, etc. （ \ billion ） FY2 0 1 3 FY2 0 1 4 A s o f M ar- 3 1 , As of De c - 3 1 , 2014 2014 C o m par iso n □R eal estate for sale Cash and deposits 93.1 61.1 (31.9 ) R eal
Slide 6: Urban Development(1) FY2014 Q3 (First Nine Months)
Urban Development(1)FY2014 Q3 (First Nine Months) Q3: Increase revenues and income FY2014： Increase revenues and income （\ bi l l i on） Thi rd Qua rter F Y2013 F Y2014 Compa ri s on Prog res s F i rs t N i ne Months Q 3 (Apr - De c ) Q 3 (Apr - De c ) Opera ti ng rev enue 131.8 139.8 8.0 56.6% Lea s
Slide 7: Urban Development(2) Vacancy Rate and Rent
Urban Development(2)Vacancy Rate and Rent As of Dec-31, 2014 Vacancy rate 2.5% (Tenants actually moving in and out, Office buildings and commercial facilities) (¥/Month/Tsubo) Tsubo≒3.3㎡ ％ 12.0 ¥29,220 30,000 ¥27,730 ¥26,610 ¥26,090 10.0 ¥23,600 ¥23,850 ¥23,370 25,000 ¥22,480 ¥22,450 ¥22,270 ¥22,190
Slide 8: Urban Development(3) Major projects ①
Urban Development(3)Major projects ① F l oor s pa ce※ FY Proje cts Usage ( thous a nd ㎡) Open Office Sh iodome Bu ildin g 1 19 Apr- 14 (Acquired) Commercial Nikko Sh ibuya Nan peidai Bu ildin g Office 7 Apr- 14 (Acquired) Marke t Squ are Sagamih ara Commercial 15 Ju ly-1 4 Northport Mall Commercial
Slide 9: Urban Development(4) Major projects ②
Urban Development(4)Major projects ② Harajuku Sta. Greater Shibuya Area Omotesandou Sta. Tokyu Plaza OmotesandoHarajyuku Open April-2012 Q Plaza Harajuku Shin-Aoyama Open Mar-2015 Tokyu Building Minami-Aoyama Leica Building Open Jan-2015(Plan) Dec-2013(Acquisition) Shibuya sta. Ebisu Prime Square De
Slide 10: Urban Development(5) Major projects ③
Urban Development(5)Major projects ③ ① ② ①Northport Mall （Yokohamashikouhoku-ku) ③ approx. 141,000㎡ Sep-2014 (Acquired) ②Shinjuku i-land （Shinjuku-ku, Tokyo） approx. 213,000㎡ Oct-2014 (Acquired) ③Daini Musashino Building （Shinjuku-ku, Tokyo） approx. 6,000㎡ Nov-2014 (Acquired) * Total floor space （be
Slide 11: Residential(1) FY2014 Q3 (First Nine Months)
Residential(1)FY2014 Q3 (First Nine Months) Q3: Decrease revenues and increase income FY2014：Decrease revenues and income (\ billio n ) T h ir d Qu ar t e r FY 2 0 1 3 FY2 0 1 4 C o m par iso n Pr o gr e ss Fi r st Nin e M o n t h s Q 3 (Apr - De c ) Q 3 (Apr - De c ) Ope r at in g r e ve n u e 52.6
Slide 12: Residential(2) Outline of condominium
Residential(2)Outline of condominium * The actual results of FY2013 are reapportioned under the new segments. FY FY20 13 FY2 01 4 Forec ast FY2 01 5 Forec ast FY20 16 Fore cast N o. of uni ts s ol d Total 2 ,52 8u nits Total 2 ,1 2 5u nits (Plan ) － － Re ve nu e 13 3.3 (\ billio n ) fr o m t h e pr
Slide 13: Property Management(1) FY2014 Q3 (First Nine Months)
Property Management(1)FY2014 Q3 (First Nine Months) Q3: Increase revenues and decrease income FY2014：Increase revenues and income (\ billio n ) T h ir d Qu ar t e r FY 2 0 1 3 FY 2 0 1 4 C o m par iso n Pr o gr e ss Fir st Nin e M o n t h s Q 3 (Apr - De c ) Q 3 (Apr - De c ) Ope r at in g r e ve n
Slide 14: Property Management(2) Stock of properties
Property Management(2)Stock of properties [thousand Units] Trend in stock of comprehensive condominium management and facility management in number of units 700,000 700 Facility management 600,000 600 187,633 189,756 152,359 163,070 Comprehensive 500,000 500 management 400,000 400 101,203 300,000 30
Slide 15: Real Estate Agents(1) FY2014 Q3 (First Nine Months)
Real Estate Agents(1)FY2014 Q3 (First Nine Months) Q3: Increase revenues and decrease income FY2014：Increase revenues and income （\ bi l l i on） Thi rd Qua rter F Y2013 F Y2014 Compa ri s on Prog res s F i rs t N i ne Months Q 3 (Apr - De c ) Q 3 (Apr - De c ) Opera ti ng rev enue 39.8 40.2 0.4 67.8
Slide 16: Real Estate Agents(2) Performance indicators in sales agency operations
Real Estate Agents(2)Performance indicators in sales agency operations FY20 14 Q3 Retail (Result) Re tail Wholesale Total ・Revenue increased due to a rise in contract prices, despite a fall in the number of transactions. No. of tran sac tions 13,188 6 93 13 ,88 1 ・Opening of Nine new stores (Tsukish
Slide 17: Wellness FY2014 Q3 (First Nine Months)
Wellness FY2014 Q3 (First Nine Months) Q3: Increase revenues and income FY2014：Increase revenues and income （\ bi l l i on） T h ir d Qu ar t e r FY 2 0 1 3 FY 2 0 1 4 Compa ri s on Prog res s Fir st Nin e M o n t h s Q 3 (Apr - De c ) Q 3 (Apr - De c ) Opera ti ng rev enue 53.6 53.7 0.1 72.0% Gol f
Slide 18: Tokyu Hands/Business Innovation and Others FY2014 Q3 (First Nine Months)
Tokyu Hands/Business Innovation and Others FY2014 Q3(First Nine Months) Tokyu Hands Q3: Increase revenues and income Business Innovation and Others Q3： Increase revenues and income (\billion ) FY2013 FY2014 Comparison Progress Tokyu Hands Q3 Operating revenue 63.5 65.5 2.0 74.7% results Operating in
Slide 19: Reference① Target Indicators in Medium- and Long-Term Management Plan Value Frontier 2020
Reference① Target Indicators in the Medium- and Long-Term Management Plan “Value Frontier 2020” FY2016 FY2020 Target Operating income ¥100 billion Operating income ¥73 billion Indicators DE ratio 2.6× DE ratio Low 2.0 range Operating income 2.7 × 2.6× Low 2.0 range 〔billion〕 Residential DE ratio Rea
Slide 20: Reference② Distribution of Office Buildings
Reference② Distribution of Office Buildings As of Sep. 30, 2014 Office Buildings : Floor space 669 thousand ㎡, Total of 60 buildings ［Area] Metropolitan 4districts：531 thousand ㎡(79%) ［Completed year] After 2001：380 thousand ㎡(57%) 43 buildings 25 buildings 8% 1% 13% 4% 6% 2% Kansai･Others ～1970 53
Slide 21: Reference③ Major properties [Office building]
Reference③ Major properties [Office building] As of Sep. 30, 2014 20
Slide 22: Reference④ Major properties [Commercial facilities]
Reference④ Major properties [Commercial facilities] As of Sep. 30, 2014 Area Major properties Year Total floor [No. of n otes [Commercial fac ilities] built space ※ buildings] T o kyu Plaza Sh ibu ya 1965 26 T o kyu Plaza Kam at a 1968 28 T o kyu Plaza Akasaka 1969 21 ＢＥＡＭ 1992 7 Su n r o se Daikan
Slide 23: Reference⑤ Change of Segment Categories(1)
Reference⑤ Change of Segment Categories(1) Reviewing and consolidating the segment categories from the existing 8 segments to 7 segments ◇ Reorganization with a focus on customers and the restructure of the Group’s configuration based on the management approach were carried out in April 2014. Tokyu
Slide 24: Reference⑥ Change of Segment Categories(2)
Reference⑥ Change of Segment Categories(2) [Until FY2013] [From FY2014] Breakdown Post-reorganization segment Breakdown New segment Office buildings / commercial facilities Urban Development Office buildings / commercial facilities Leasing of Real Estate Rental residence Urban Development Rental res
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