Tokyu Fudosan Holdings Corp. · TSE:3289
Tokyu Fudosan — Q1 FY2015 Earnings Presentation
22 slides from Tokyu Fudosan's earnings presentation, August 2015
Slide 1: Financial Highlights FY2015 First Quarter
Financial Highlights FY2015 First Quarter (First Three Months) Ended June-30, 2015
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: FY2015 Q1 (First Three Months) Operating Results
FY2015 Q1 (First Three Months) Operating Results Income increased, chiefly reflecting an increase in gains on the sales of buildings for investors. （ \ billion） Q1 Fir st T h r e e Mo n t h s Fu ll- ye ar (e n de d Ju n e - 3 0 ) (e n de d M ar - 3 1 ) Pr o gr e ss C o m par e d t o t h e sam e pe r
Slide 4: FY2015 Q1 Segment performance
FY2015 Q1 (First Three Months) Segment performance Real-Estate Agents, Wellness, Tokyu Hands and Innovation Business segment saw an increase in revenues and profit. （\ billion） Q1 Fir st Six M o n t h s Fu ll- ye ar (e n de d Ju n e - 3 0 ) (e n de d M ar - 3 1 ) Pr o gr e ss C o m par e d t o t h e
Slide 5: Urban Development(1) FY2015 Q1
Urban Development(1)FY2015 Q1 (First Three Months) Q1: Decrease revenues and Increase income FY2015： Decrease revenues and Increase income （\ bi l l i on） F i rs t Qua rter F Y2014 F Y2015 Q 1 (Apr - Ju n ) Compa ri s on Prog res s F i rs t Three Months Q 1 (Apr - Ju n ) (* ) Opera ti ng rev enue 58
Slide 6: Urban Development(2) Vacancy Rate and Rent
Urban Development(2)Vacancy Rate and Rent As of June-30, 2015 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 ¥23,270 ¥23,490 25,000 ¥22,480 ¥22,
Slide 7: Urban Development(3) Major projects ①
Urban Development(3)Major projects ① F l oor s pa ce※ FY Projec ts Usage ( thous a nd ㎡) Ope n Office Sh iodome B u ildin g 11 9 Apr-14 (Acquire d) Commercial Nikko Sh ibuya Nampeidai Bu ildin g Office 7 Apr-14 (Acquire d) Northport Mall Commercial 14 1 Ｓｅｐ-14 (Acquire d) Kichijoji Place Commercial
Slide 8: Urban Development(4) Major projects ② Greater Shibuya Area
Urban Development(4)Major projects ② Greater Shibuya Area 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.
Slide 9: Residential(1) FY2015 Q1
Residential(1)FY2015 Q1 (First Three Months) Q1: Decrease revenues and income FY2015：Increase revenues and Decrease income (\ billio n ) Fir st Qu ar t e r FY 2 0 1 4 FY 2 0 1 5 C o m par iso n Pr o gr e ss Fir st T h r e e M o n t h s Q 1 (Apr - Ju n ) Q 1 (Apr - Ju n ) Ope r at in g r e ve n u e 1
Slide 10: Residential(2) Outline of condominium
Residential(2)Outline of condominium FY FY20 13 FY2 01 4 FY2 01 5 Forec ast FY20 16 Fore cast N o. of uni ts s ol d Total 2 ,52 8u nits Total 2,0 27 un its Total 1,9 27 un its (Plan ) － Re ve nu e 13 3.3 89 .7 90 .8 (Plan ) (\ billio n ) Acquired － land for total fr o m t h e pr e vio u s ye ar fr o
Slide 11: Property Management(1) FY2015 Q1
Property Management(1)FY2015 Q1 (First Three Months) Q1: Increase revenues and Decrease income FY2015：Increase revenues and Decrease income (\ billio n ) Fir st Qu ar t e r FY 2 0 1 4 FY 2 0 1 5 C o m par iso n Pr o gr e ss Fir st Th r e e M o n t h s Q 1 (Apr - Ju n ) Q 1 (Apr - Ju n ) Ope r at in
Slide 12: 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 Facility 700 700,000 management 600 215,380 600,000 191,143 206,841 152,359 163,070 Comprehensive 500 500,000 management 400 400,000 300,000 30
Slide 13: Real Estate Agents(1) FY2015 Q1
Real Estate Agents(1)FY2015 Q1 (First Three Months) Q1: Increase revenues and income FY2015：Increase revenues and Decrease income （\ bi l l i on） F i rs t Qua rter F Y2014 F Y2015 Compa ri s on Prog res s F i rs t Three Months Q 1 (Apr - Ju n ) Q 1 (Apr - Ju n ) Opera ti ng rev enue 12.3 16.2 3.9 22
Slide 14: Real Estate Agents(2) Performance indicators in sales agency operations
Real Estate Agents(2)Performance indicators in sales agency operations FY20 15 Q1 Retail (Re su lt) Retail Whole sale Total ・Revenue rose, reflecting increase in the number of transactions and in the average handling price. No. of transaction s 4,59 9 2 08 4 ,80 7 ・FY2015 Q1: 6 stores were opened (i
Slide 15: Wellness FY2015 Q1
Wellness FY2015 Q1 (First Three Months) Q1: Increase revenues and income FY2015：Decrease revenues and income （\ bi l l i on） Fi r st Qu ar t e r FY 2 0 1 4 FY 2 0 1 5 Q 1 (Apr - Ju n ) Compa ri s on Prog res s Fi r st T h r e e M o n t h s Q 1 (Apr - Ju n ) (* 2 ) Opera ti ng rev enue 18.7 20.4 1.7
Slide 16: Tokyu Hands/Innovation Business FY2015 Q1
Tokyu Hands/Innovation Business FY2015 Q1(First Three Months) Tokyu Hands Q1: Increase revenues and income Innovation Business Q1： Increase revenues and income (\billion) FY2014 FY2015 Comparison Progress Tokyu Hands Q1 Operating revenue 19.0 22.3 3.2 23.3% results Operating income (0.2) 0.4 0.6 34.
Slide 17: Reference① Target Indicators in Medium- and Long-Term Management Plan
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 18: Reference② Change of Segment Categories
Reference② Change of Segment Categories [Before change] FY2014 [After change] From FY2015～ Segment name Breakdown Breakdown Segment name Office buildings / commercial facilities Office buildings / commercial facilities Rental residence Rental residence Urban Development Management of REITs / private
Slide 19: Reference③ Previous and New Segment Information
Reference③ Previous and New Segment Information ［Until FY2014] ［From FY2015] (\ billion ) (\ billion) FY2 0 1 3 FY2 0 1 4 FY2 0 1 4 FY2 0 1 5 Comparison Comparison Results Results Re su lt s (* 1 ) Fore cast Ope rating reve n u e 7 1 4 .1 7 7 3 .1 5 9 .1 Ope ratin g re ve n u e 7 7 3 .1 7 8 0 .0 6 .
Slide 20: Reference④ Distribution of Office Buildings
Reference④ Distribution of Office Buildings As of Mar. 31, 2015 Office Buildings : Floor space 689 thousand ㎡, Total of 61 buildings ［Area] Metropolitan 4districts：530 thousand ㎡(77%) ［Completed year] After 2001：371 thousand ㎡(54%) 46 buildings 26 buildings 3% 5% 4% 7% 2% 13% Kansai･Others ～1970 34
Slide 21: Reference⑤ Major properties [Office building]
Reference⑤ Major properties [Office building] As of Mar. 31, 2015 20
Slide 22: Reference⑥ Major properties [Commercial facilities]
Reference⑥ Major properties [Commercial facilities] As of Mar. 31, 2015 21
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