Tokyu Fudosan Holdings Corp. · TSE:3289

Tokyu Fudosan — Q1 FY2016 Earnings Presentation

27 slides from Tokyu Fudosan's earnings presentation, Aug 1, 2016

  1. Slide 1: Financial Highlights FY2016 First Quarter

    Financial Highlights FY2016 First Quarter (First Three Months) Ended June 30, 2016 2016.08.01 TOKYU FUDOSAN HOLDINGS CORPORATION Code：3289

  2. 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

  3. Slide 3: FY2016 Q1 Operating Results

    FY2016 Q1 (First Three Months) Operating Results Both revenue and income decreased mainly due to a decline in gains on the sales of buildings for investors, although respective businesses remained firm. Q1 First Three Months Full-year (ended June 30) (ended March 31) Compared to the same period （\ b

  4. Slide 4: FY2016 Q1 Segment performance

    FY2016 Q1 (First Three Months) Segment performance Both revenue and income decreased in the urban development and residential segments due to a decline in gains on sales. Q1 First Three Months Full-year (ended June 30) (ended March 31) Compared to the same period （\ billion） Progress FY2016 last yea

  5. Slide 5: Summary of balance sheets

    Summary of balance sheets Both assets and debt rose largely because of increases in properties for sales and interest-bearing debt. FY2015 FY2016 （\ billion） As of Mar-31, As of June 30, Compared to the end of the previous fiscal year Comparison 2015 2016 Cash and deposits 40.2 72.1 31.9 □Real estat

  6. Slide 6: Urban Development(1) FY2016 Q1

    Urban Development(1) FY2016 Q1(First Three Months) Q1:Decrease revenues and income FY2016:Decrease revenues and income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 47.9 36.1 (11.8) 14.8% Leasing (Office buildings） 9.5 9.6 0.1 L

  7. Slide 7: Urban Development(2) Vacancy Rate and Rent

    Urban Development(2)Vacancy Rate and Rent As of June 30, 2016 Vacancy rate 1.0% (Tenants actually moving in and out, Office buildings and commercial facilities) (¥/Month/Tsubo) 12% ¥30,000 Tsubo ≅ 3.3㎡ 29,220 27,730 10% 26,610 ¥25,000 26,090 23,850 23,740 23,770 23,710 23,600 23,270 23,490 23,610 22

  8. Slide 8: Urban Development(3) Major projects

    Urban Development(3)Major projects Floor space* FY Projects Usage Open （thousand ㎡） Shiodome Building Office/Commercial 119 Apr- 14 (Acquired) Nikko Shibuya Nampeidai Building Office 7 Apr- 14 (Acquired) Northport Mall Commercial 141 Sep- 14 (Acquired) Kichijoji Place Commercial 9 Sep- 14 (Acquired)

  9. Slide 9: Urban Development(4) Major projects Greater Shibuya Area

    Urban Development(4)Major projects Greater Shibuya Area Construction for the Dogenzaka 1-chome project started in March 2016, while work on the Nanpeidai project began in July. Greater Harajuku Sta. Shibuya Area Omotesandou Sta. Tokyu Plaza OmotesandoHarajyuku Open April-2012 (tentative name) Jingum

  10. Slide 10: Urban Development(5) Major projects Ginza・Takeshiba

    Urban Development(5)Major projects〈Ginza・Takeshiba〉 Tokyu Plaza Ginza opened in March 2016, and construction for the Takeshiba project started in May. Tokyu Plaza Ginza Urban Redevelopment “Step Up” Project Usage：Commercial Takeshiba District Floor Space：approx. 51,000㎡ Usage：Office･housing･Commerci

  11. Slide 11: Residential(1) FY2016 Q1

    Residential(1) FY2016 Q1(First Three Months) Q1: Decrease revenues and income FY2016: Decrease revenues and Increase income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 15.9 9.6 (6.3) 8.2% Condominiums 10.1 7.4 (2.7) Detached

  12. Slide 12: Residential(2) Outline of condominium

    Residential(2)Outline of condominium Growth in revenue is expected from the strong sales of high-end properties in the fiscal year ending March 31, 2017. FY FY2014 FY2015 FY2016 Forecast FY2017 Forecast No. of units sold Total 2,027units Total 1,892units Total 1,802units (Plan) － Revenue 89.7 87.6 1

  13. Slide 13: Property Management(1) FY2016 Q1

    Property Management(1) FY2016 Q1(First Three Months) Q1: Increase revenues and Decrease income FY2016: Increase revenues and income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 33.2 34.0 0.7 22.3% Condominium 22.8 23.8 1.0 Bu

  14. Slide 14: Property Management(2) Stock of properties

    Property Management(2)Stock of properties The number of management contracts for both condominiums and other buildings increased as planned, resulting in growth in property stock under management. 〈Trend in stock of comprehensive condominium management and facility management in number of units〉 Com

  15. Slide 15: Real Estate Agents(1) FY2016 Q1

    Real Estate Agents(1) FY2016 Q1(First Three Months) Q1: Increase revenues and income FY2016: Increase revenues and income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 16.2 16.4 0.2 19.6% Real-estate sales agent 10.2 10.7 0.5

  16. Slide 16: Real Estate Agents(2) Performance indicators

    Real Estate Agents(2)Performance indicators in sales agency operations Both the number of transactions and average handling prices increased in the retail business, driven by the strong market conditions. FY2016 Q1 Highlights Retail Wholesale Total No. of transactions 5,067 200 5,267 □Retail (Result

  17. Slide 17: Wellness(1) FY2015 and FY2016 Forecast

    Wellness(1)FY2015 and FY2016 Forecast Q1: Increase revenues and income FY2016: Increase revenues and income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 20.4 21.7 1.3 22.1% Operation of resort facilities* 7.0 6.9 (0.1) Oasis

  18. Slide 18: Wellness(2) Major projects

    Wellness(2) Major projects Sales of the membership rights for Tokyu Harvest Club Karuizawa & VIALA began. Type Major project Usage Open Tokyu Stay Shinjyuku May-2015 Tokyu Stay Urban-type business hotel Tokyu Stay Ginza Mar-2016 Harvestclub Tokyu Harvestclub Karuizawa&VIALA Membership Resort Hotel F

  19. Slide 19: Tokyu Hands FY2015 and FY2016 Forecast

    Tokyu Hands FY2015 and FY2016 Forecast Q1: Increase revenues and Decrease income FY2016: Increase revenues and Decrease income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 22.3 23.0 0.7 22.4% Operating income 0.4 0.1 (0.3) 13

  20. Slide 20: Innovation Business FY2015 and FY2016 Forecast

    Innovation Business FY2015 and FY2016 Forecast Q1: Increase revenues and Decrease income FY2016: Increase revenues and income First Quarter FY2015 FY2016 Comparison Progress First Three Months（\ billion） Q1(Apr-Jun) Q1(Apr-Jun) Operating revenue 9.9 10.1 0.2 14.3% Operating income (0.6) (0.9) (0.3)

  21. Slide 21: Progress in the Medium- and Long-Term Management Plan

    Progress in the Medium-and Long-Term Management Plan Operating Income [¥billion] DE ratio Residential Real-Estate Agents 120 Innovation business Operating ¥100 3.0 Tokyu Hands 2.6× income billion Wellness Property Management 100 Urban Development 2.7× ¥73 2.5 Elimination billion 68.8 ¥61.4 63.3 80 D

  22. Slide 22: Return to Shareholders

    Return to Shareholders Annual dividend for the fiscal year ending March 31, 2017, will be raised to 13 yen, representing the fourth consecutive increase. Dividend*（Year-end） 12Yen Dividend*（Interim） 10Yen 6.5 6.5 8Yen 5.0 6Yen 4.5 3.5 3.5 3.5 3.5 4Yen 6.5 5.0 5.5 2Yen 3.5 3.5 3.5 3.5 3.5 0Yen 10/3 1

  23. Slide 23: Reference② Total floor area and AUM transition

    Reference② Transition in total floor area and AUM transition 〈Transition in total floor area〉 〈AUM transition〉 Thousand ㎡ ¥billion 2,000 800 Commercial facilities Private funds, etc. Office building CRR** 1,548 1,580 644.1 1,512 API* 1,500 1,425 600 556.8 529.6 156.0 480.1 127.7 841 859 934 183.3 1,

  24. Slide 24: Reference③ Distribution of Office Buildings

    Reference③ Distribution of Office Buildings As of Mar-31, 2016 Office Buildings : Floor space 646 thousand ㎡, Total of 59 buildings 〈Area〉 〈Completed year〉 Metropolitan 4districts After 2001 504thousand ㎡（78%） 45buildings 390thousand ㎡（60%） 28buildings Kansai 4% -1980 2% 26 [3] 15 [3] 2011- Chiyoda-

  25. Slide 25: Reference④ Major properties [Office building]

    Reference④ Major properties [Office building] As of the end of March 2016, the Company holds 59 buildings, located mainly in four wards in central Tokyo. No. of Total floor Area Major properties[Building] Year built notes buildings space * Shibuya Center Place 1983 7 Shibuya Dogenzaka Tokyu 1983 13

  26. Slide 26: Reference⑤ Major properties [Commercial facilities]

    Reference⑤ Major properties [Commercial facilities] As of the end of March 2016, the Company operates 21 locations in the Tokyo area and 8 locations in Kansai and other regions. No. of Major properties Total floor Area Year built notes facilities [Commercial facilities] space * Tokyu Plaza Kamata 19

  27. Slide 27: & TOKYU FUDOSAN HOLDINGS

    @ & TOKYU FUDOSAN HOLDINGS

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