Tokyu Fudosan Holdings Corp. · TSE:3289
Tokyu Fudosan — FY2022 Earnings Presentation
86 slides from Tokyu Fudosan's earnings presentation, May 2023
Slide 1: Financial Highlights FY2022 Ended March 31, 2023
Securities Code：3289 Create Value for the Future Financial Highlights FY2022 Ended March-31, 2023
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, any statements herein do not constitute assurances regarding actual results by the Group. Actual performance may significantly
Slide 3: Contents
｜ Contents ｜ ・Progress of Medium-Term Management Plan ・・・・ 4 ・Summary of the Financial Results for FY2022 and ・・・・ 11 Forecast for FY2023 ・Segment Overview ・・・・ 27 ・Sustainability and DX Initiatives ・・・・ 45 ・Overview of the Medium-term management plan 2025 ・・・・ 55 ・Reference ・・・・ 68 © TOKYU FUDOSAN
Slide 4: Progress of Medium-Term Management Plan
Progress of Medium-Term Management Plan © TOKYU FUDOSAN HOLDINGS CORPORATION 4
Slide 5: Progress of Medium-Term Management Plan (Financial Targets)
｜ Progress of Medium-Term Management Plan (Financial Targets) ｜ Steady progress in all indicators toward achieving targets for the fiscal year ending March 31, 2026, the final year of our medium-term management plan. FY2021 FY2022 FY2023 FY2025 (Result) （Forecast） （Result） (Forecast) (Target) ROE 5.
Slide 6: Progress in business portfolio management ①
｜ Progress in business portfolio management① ｜ Completed structural transformation of businesses positioned as requiring fundamental restructuring and moves into a new phase. Asset-utlizing business Human capital-utilizing business Revise and advance Advance All projects are assessed Quantitative In
Slide 7: Progress in business portfolio management ②
｜ Progress in business portfolio management② ｜ In the businesses that we have positioned as “Revise and advance," we will continue to aim for transformation and growth in each business, with a focus on improving efficiency. Business Business policies and Initiatives Promote leasing activities in res
Slide 8: Progress in business portfolio management ③
｜ Progress in business portfolio management③ ｜ Conducted structural reforms intensively in FY2021 and FY2022, focusing on fundamental restructuring businesses. under the influence of Covid-19 [Yen] 9.0% 8.8% 80 10% EPS ROE（%） 7.3% 7.3% 8% 60 6.7% 5.7% 87.37 90.00 6% or more 40 67.21 3.7% 56.84 53.70
Slide 9: Changes in Share Price, etc.
｜ Changes in Share Price, etc. （2019.10.1～2023.5.12） ｜ 1,000yen FY2023(plan)8.8% 9% Share price BPS ROE forecast ROE BPS：964.77 yen 900yen 8% 800yen FY2022 7.3% 7% FY2019 6.7% 5/12 Share 700yen price：747 yen 6% FY2022(plan) 600yen FY2021 5.7% 5.9% 5% 500yen 4% 400yen FY2020 3.7% 300yen 3% 2019/10 20
Slide 10: Initiatives to enhance corporate value and market valuation
｜ Initiatives to enhance corporate value and market valuation ｜ Improve corporate value and market valuation by promoting and achieving the long-term management policy and the mid-term management plan 2025. PBR↑ ＝ ROE↑ × PER↑ FY2021 FY2022 FY2023(Forecast) FY2025(Plan) FY2030(FYI) Improved earning p
Slide 11: Summary of the Financial Results for FY2022, and Forecast for FY2023
Summary of the Financial Results for FY2022, and Forecast for FY2023 © TOKYU FUDOSAN HOLDINGS CORPORATION 11
Slide 12: Highlights
｜ Highlights ｜ Topics Contents Significant increased in both revenues and profit due to strong asset sales FY2022 Operating Results and brokerage sales, and recovery of hotel business due to easing of action Operating profit ￥110.4 billion restrictions and waterfront measures, resulting in record hi
Slide 13: FY2022 and FY2023 Major business environment
｜ FY2022 and FY2023 Major business environment ｜ Progress in Condominiums, Hotels, Real estate agents businesses, and asset sales exceeded expectations at the time the mid-term management plan was formulated. Topics Contents No major fluctuations in both vacancy rates and rents, and the occurrence o
Slide 14: FY2022 Operating Results, major index
｜ FY2022 Operating Results, major index ｜ Both revenues and profit increased YoY, as well as from the forecast, and the dividend was increased by 4.5 yen from the previous forecast. FY2022 （¥ billion） FY2021 FY2022 Comparison Comparison note Forecast** Operating Revenue 989.0 1,005.8 16.8 1,005.0 0.
Slide 15: FY2022 Segment performance
｜ FY2022 Segment performance ｜ All segments increased profit YoY; asset sales also increased YoY due to active market conditions FY2022 Comparison （¥ billion） FY2021 FY2022 Comparison note Forecast (Forecast) Operating revenue 989.0 1,005.8 16.8 1,005.0 0.8 Urban Development 325.8 346.1 20.3 348.0 (
Slide 16: FY2022 Analysis of segment performance
｜ FY2022 Analysis of segment performance ｜ +26.6 billion yen compared to FY2021, +28.1 billion yen before transfer of loss on the COVID-19 Increased due to strong performance in asset sales and brokerage, recovery in Wellness business, etc. ・ Property Management business +2.2 billion yen ・ Increase
Slide 17: FY2022 Summary of balance sheets ①
｜ FY2022 Summary of balance sheets① ｜ Increases in property and equipment, intangible assets and other investment, etc. due to progress in investments, etc. FY2021 FY2022 FY2021 FY2022 （¥ billion） Comparison （¥ billion） Comparison Mar-31, 2022 Mar-31, 2023 Mar-31, 2022 Mar-31, 2023 Cash and deposits
Slide 18: FY2022 Summary of balance sheets ②
｜ FY2022 Summary of balance sheets② ｜ Progress in investments has led to an increase in land and buildings for sale in Urban development and Strategic investments businesses 〈Breakdown of Urban Development segment〉 〈Asset breakdown by segment〉 * Before adjustments [¥ billion] 1,708.2 1,627.5 1,644.1
Slide 19: Market value appraisal for leased properties
｜ Market value appraisal for leased properties ｜ Unrealized profit of leased properties increased FY2021 FY2022 （¥ billion） Comparison Remarks Mar-2022 Mar-2023 Carrying Value 764.0 732.6 (31.4) □Market value at the end of the fiscal year is calculated by our company mainly according to the "standar
Slide 20: Summary of Cash flow and Investment plan
｜ Summary of Cash flow and Investment plan ｜ Capital investment will be made mainly in Shibuya Sakura Stage and renewable energy facilities, and in rental housing and logistics facilities for sale. （¥ billion） FY2021 FY2022 Main factors for changes +70.2 billion yen of profit before income taxes Net
Slide 21: FY2023 Performance forecasts, major index
｜ FY2023 Performance forecasts, major index ｜ Plan to achieve record-high revenues and profit for the third consecutive fiscal year FY2023 （¥ billion） FY2022 Comparison note Forecast Operating Revenue 1,005.8 1,120.0 114.2 Operating profit 110.4 112.0 1.6 Non-operating income 2.6 － － Non-operating e
Slide 22: FY2023 Segment performance forecast
｜ FY2023 Segment performance forecast ｜ Plan to increase both revenues and profit, anticipating an increase in gains on sales of assets due to strong trading market conditions and further recovery in the hotel business, etc. FY2023 （¥ billion） FY2022 Comparison note Forecast Operating revenue 1,005.
Slide 23: FY2023 Earnings forecasts and analysis of segment performance
｜ FY2023 Earnings forecasts and analysis of segment performance ｜ Plan to increase profit by 1.6 billion yen YoY due to increase in Real Estate business and recovery in Wellness business, etc. ・ Property Management business +0.5 billion yen ・ Increase in real estate agents business due to active rea
Slide 24: Gross profit on sales and land and buildings for sale by asset
｜ Gross profit on sales and land and buildings for sale by asset ｜ Promoting efficient asset turnover and profit generation against the backdrop of favorable trading market conditions, approx. 40% of the projected gross profit for the fiscal year ending March 31, 2024, is already under contract. 〈Gr
Slide 25: Financial Condition
｜ Financial Condition ｜ Long-term ratio of interest-bearing debt at the end of FY2022 was 95.9%, and the fixed ratio was 95.3%. Interest-bearing debt at the end of FY2023 is planned to be ¥1,650.0 billion due to the promotion of large-scale projects, etc. Equity Interest-bearing Debt D/E ratio Debt/
Slide 26: Shareholder Return
｜ Shareholder Return ｜ ROE of 8.8% and annual dividend of ¥28.0 per share (up ¥4.5 from the previous fiscal year) are planned for FY2023. Shareholder return policy: Payout ratio of 30% or more and maintain stable dividends 〈EPS and ROE Trends〉 ROE（%） 8.8% 10% [Yen] EPS (yen) 80 7.3% 7.7% 7.1% 7.3% 7
Slide 27: Segment Overview
Segment Overview © TOKYU FUDOSAN HOLDINGS CORPORATION 27
Slide 28: Urban Development ① FY2022 Results and FY2023 Forecasts
｜ Urban Development ① FY2022 Results and FY2023 Forecasts ｜ Although there were fluctuations in performance due to changes in asset sales, 〈Breakdown of revenues in Urban Development〉 both the leasing business and the residential sales business performed well. [¥ billion] FY2022 Comparison 240.0 （¥
Slide 29: Urban Development ② Vacancy Rate and Rent and Portfolio Characteristics
｜ Urban Development ② Vacancy Rate and Rent and Portfolio Characteristics ｜ 〈Office Area〉 Metropolitan 4districts As of March 31, 2023, Vacancy rate 1.1 % Average office rent 28,560 yen (Month/Tsubo). 708 thousand㎡（94%） (Office buildings and Commercial facilities) 44buildings Kansai 1% Other metropo
Slide 30: Urban Development ③ Major projects (Offices/Commercial facilities)
｜ Urban Development ③ Major projects (Offices/Commercial facilities, etc.) ｜ 【Other projects】 Higashi Gotanda 2-chome Redevelopment Project Shinagawa-ku Office/Commercial/Housing, etc. Scheduled for completion in FY2027 Project for Using Land at Tokyo Institute of Technology’s Tamachi Campus** Minat
Slide 31: Urban Development ④ Major projects (Greater Shibuya area)
｜ Urban Development ④ Major projects (Greater Shibuya area) ｜ Several projects are ongoing in the Greater Shibuya area Harajuku Sta. Greater Shibuya area Redevelopment Project Commercial facility Office building Properties owned by Activia Properties Inc. Meiji jinguumae Sta. Properties joint capita
Slide 32: Urban Development ⑤ Major project ~Shibuya Sakura Stage~
｜ Urban Development ⑤ Major project ～Shibuya Sakura Stage～ ｜ Combined facility for work, living, and play is scheduled for completion for November, 2023, and will open sequentially thereafter ◆Office ◆Commercial Facility Advanced office floor Commercial facilities to create culture ◆Residence ◆Exten
Slide 33: Urban Development ⑥ Condominium index
｜ Urban Development ⑥ Condominium index ｜ Contract ratio at the beginning of FY2023 was as high as 82% 〈Major upcoming projects〉 Accounting year FY2021 FY2022 FY2023 Forecast Delivery Name Units* begins No. of units sold 2,194 1,369 1,218 FY2024 The Tower Jyujyo 394 Average price per unit (million y
Slide 34: Strategic Investment ① FY2022 Results and FY2023 Forecasts
｜ Strategic Investment ① FY2022 Results and FY2023 Forecasts ｜ Both revenues and profit increase in the FY2022 and FY2023 due to sales of logistics facilities, etc. FY2022 〈Breakdown of revenues in （¥ billion） FY2021 FY2022 Comparison note Comarison Forecast Infrastructure & industry Operating reven
Slide 35: Strategic Investment ② Renewable energy business
｜ Strategic Investment ② Renewable energy business ｜ The number of operating properties has increased, and it has grown to make a stable contribution to earnings Projects acquired (As of March 31, 2023) Portfolio Properties in operation: 65 (solar: 59, wind power: 5 , biomass: 1) Hokkaido Projects u
Slide 36: Strategic Investment ③ Expansion of renewable energy business
｜ Strategic Investment ③ Expansion of renewable energy business ｜ Further expansion is planned through the solid execution of projects for which decisions have already been made and the acquisition of new non-FIT projects such as wind power generation and PPA projects Investment amounts and profit f
Slide 37: Strategic Investment ④ Logistics facilities business
｜ Strategic Investment ④ Logistics facilities business ｜ Steady progress in securing projects Projects acquired (As of March 31, 2023) Major projects Properties in operation: 4 LOGI’Q Kyoto Kumiyama Projects under development: 18 Floor space: 26 thousand ㎡ 4 stories above ground Investment progress
Slide 38: Strategic Investment ⑤ Overseas operations
｜ Strategic Investment ⑤ Overseas operations ｜ 23 projects are in progress in the United States U.S. Portfolio 425 Park Avenue New York Participating projects in urban regions Office Redevelopment Project 47 stories above ground with 2 basements Completed in January 2021 Rental housing Office / Othe
Slide 39: Property Management & Operation ① FY2022 Results and FY2023 Forecasts
｜ Property Management & Operation ① FY2022 Results and FY2023 Forecasts ｜ Increase in both FY2022 and FY2023 due to recovery of demand mainly in hotel business FY2022 〈Breakdown of revenues in （¥ billion） FY2021 FY2022 Comparison note Forecast Comarison Property management business〉 [¥ billion] Oper
Slide 40: Property Management & Operation ② Stock of properties
｜ Property Management & Operation ② Stock of properties ｜ Condominium Management Stock Trends Major properties under management Under comprehensive management Under facility management 800,000 306,250 304,220 314,197 303,930 343,203 351,977 600,000 400,000 525,434 525,313 525,694 527,673 524,688 513
Slide 41: Property Management & Operation ③ Main projects and Operation status
｜ Property Management & Operation ③ Main projects and Operation status ｜ Tokyu Stay's RevPAR recovered to pre-Covid-19 levels in the last December thanks to domestic demand and inbound demand due to deregulation ROKU KYOTO, LXR Hotels & Resorts Tokyu Harvest Club VIALA Kinugawa Keisui Grancreer Tsun
Slide 42: Real Estate Agents ① FY2022 Results and FY2023 Forecasts
｜ Real Estate Agents ① FY2022 Results and FY2023 Forecasts ｜ Both revenues and profit increase in FY2022 and FY2023 due to an increase in brokerage transaction volume in response to the active real estate distribution market. 〈Breakdown in revenues of Real estate FY2022 Comarison sales agent busines
Slide 43: Real Estate Agents ② Performance indicators in sales agent
｜ Real Estate Agents ② Performance indicators in sales agent ｜ FY2022 Retail Wholesale Total Highlights Rate of change YoY No. of transactions 28,473 1,104 29,577 □Retail (units) +3.0% +0.9% +2.9% ・Number of brokerage offices: 210 as of March 31, 2023, with plans to open 7 new offices this fiscal ye
Slide 44: Real Estate Agents ③ Changes in properties under management
｜ Real Estate Agents ③ Changes in properties under management ｜ Rental housing Management Stock Trends Major properties under management 140 120 141 100 130 117 107 93 99 80 19/3 20/3 21/3 22/3 23/3 24/3 Plan [Units: thousand] 93 99 107 117 130 141 (Change from the end of preceding fiscal year) ＋6 ＋
Slide 45: Sustainability and DX Initiatives
Sustainability and DX Initiatives © TOKYU FUDOSAN HOLDINGS CORPORATION 45
Slide 46: Materiality and KPI
｜ Materiality and KPI ｜ We will aim to achieve non-financial KPI based on materialities Themes to work on (Materialities) Target indicators FY2022 Result FY2025 Targets （FYI）FY2030 Targets ・Customer satisfaction level* 94% 90% or more 90% or more Create a variety of ・Products and services that contr
Slide 47: Topics (Sustainability)
｜ Topics (Sustainability) ｜ We resolve social issues through our business activities. Tokyu Land Corporation has completed the switch to 100% renewable energy sources** for electricity consumption at its offices and owned facilities*, a requirement for achieving "RE100" target. Utilizing non-fossil
Slide 48: Initiatives to realize a decarbonized society
｜ Initiatives to realize a decarbonized society ｜ Promote various initiatives to achieve SBT 1.5°C target for FY2030, and CDP Climate Change A list selected for the second consecutive year International Agreement Paris Agreements Keep the increase in temperature to well below +2°C and strive for ＋1.
Slide 49: Initiatives to realize a decarbonized society (SBT)
｜ Initiatives to realize a decarbonized society (SBT) ｜ Accelerate decarbonization in initiatives to achieve the SBT 1.5°C target for 2030 〈CO2 emissions reduction targets〉 CO₂ emissions reduction of 46.2% compared with FY2019 to achieve the 1.5°C –aligned SBT in 2030 Scope 1 and 2 CO₂ emissions red
Slide 50: Initiatives to realize a decarbonized society (TCFD)
｜ Initiatives to realize a decarbonized society (TCFD) ｜ Scenario analysis was conducted for the Group's four businesses in the following three cases ＜Summary＞ Conduct scenario analysis to assess climate change-related risks and opportunities over the mid- to long -term (2030 and 2050) for the Group
Slide 51: Corporate Governance
｜ Corporate Governance ｜ Establish a governance system that contributes to ensuring sound and transparent management and strengthening the system for implementing the long-term management policy 〈Corporate Governance Structure〉 〈System of Remuneration for Officers〉 Improved linkage between achieveme
Slide 52: Sustainable Management External Evaluation
｜ Sustainable Management ❬External Evaluation❭ ｜ CDP selected for the A-List, the highest rating, for the second year in a row ●Selected - Not selected / No evaluation Classification Index/Evaluation Description of Evaluation 2017 2018 2019 2020 2021 2022 Evaluating companies’ activities to fulfill
Slide 53: Roadmap for Value Creation through DX
｜ Roadmap for Value Creation through DX ｜ By 2025, the group will promote labor-saving operations and the sophistication of customer contact, aiming for discontinuous and exponential growth by 2030 GROUP VISION 2030 Create value for the future 2021 2025 2030 Restructuring phase Resilience phase Accu
Slide 54: DX Initiatives
｜ DX Initiatives ｜ Business process and CX reforms are underway Digital twinning of entire condominium By entering into a strategic partnership with Accenture and utilizing their Computer-Generated Imagery (CGI), we will create and improve the CX of digital twins for BRANZ properties, and in the fut
Slide 55: Overview of the Medium-term management plan 2025
Reprint of Presentation Materials in May 2022 Overview of the Medium-term management plan 2025 © TOKYU FUDOSAN HOLDINGS CORPORATION 55
Slide 56: Positioning of Medium-term management plan 2025
Reprint of Presentation Materials ｜ Positioning of Medium-term management plan 2025 ｜ in May 2022 Medium-term management plan has been positioned as the restructuring phase of our long-term management policy. During the plan period, we will work realizing efficiency with a view to returning to growt
Slide 57: Outline of the medium-term management plan
Reprint of Presentation Materials ｜ Outline of the medium-term management plan ｜ in May 2022 Combine Environmental management and DX to our Group’s strengths to create unique value. Creating unique value through environmental management and DX Asset-utilizing business Environmental Human capital-uti
Slide 58: Value creation based on the Environmental Management
Reprint of Presentation Materials ｜ Value creation based on the Environmental Management ｜ in May 2022 Aiming to increase business opportunities with the environment as a starting point, through initiatives aimed for decarbonization, a recycling-oriented society, and efforts for biodiversity. Long-t
Slide 59: Value creation based on the DX
Reprint of Presentation Materials ｜ Value creation based on the DX ｜ in May 2022 Maximize the values of assets and human capital that belong to the Group integrating DX and aim to establish a new revenue model. Long-term management policy Strengths of the Group Business process CX Innovation An inte
Slide 60: Target Indicators for Fiscal 2025
Reprint of Presentation Materials ｜ Target Indicators for Fiscal 2025 ｜ in May 2022 Aim to achieve target indicators that integrate financial and non-financial data based on materialities. P r i m a r y Targets f o r E a c h M a t e r i a i t y * 1 Lifestyle Liveable City Environment DX Human Capita
Slide 61: Transitions in Target Indicators (financial indicators)
Reprint of Presentation Materials ｜ Transitions in Target Indicators (financial indicators) ｜ in May 2022 Aim for profit growth and efficiency improvement toward FY2025 through our business restructuring during the first half of the plan and the start of operations with our large-scale development p
Slide 62: Capital Allocation
Reprint of Presentation Materials ｜ Capital Allocation ｜ in May 2022 With a D/E ratio under 2.2x at the end of FY2025 as a precondition, we plan net investments at 570 billion yen (FY2021-FY2025.) CF from CF from CF from operating activities investing activities financing activities Precondition as
Slide 63: Shareholder Returns Strategy
Reprint of Presentation Materials ｜ Shareholder Returns Strategy ｜ in May 2022 Increase EPS through reinvestment in growth and maintain a stable dividend payout ratio of 30% or more for the time being. 53.1% 34.8% 35.0% Continue to maintain 27.3% 29.8% 30% or more 24.1% 25.4% 25.1% 25.1% 18.0 19.2%
Slide 64: Positioning of business segments
Reprint of Presentation Materials ｜ Positioning of business segments ｜ in May 2022 Manage the segments by classifying them into business areas with high affinity for social roles from the perspective of human capital and asset utilization. Asset-utilizing business Human capital-utilizing business St
Slide 65: Transitions in Operating Profit by Business Segment
Reprint of Presentation Materials ｜ Transitions in Operating Profit by Business Segment ｜ in May 2022 Management and operations needs from a recovery in tourism demand and strategic investments to boost infrastructure and industry-related businesses will lead profit growth. Real estate agents Proper
Slide 66: Operating Profit by Business Segment (by business division)
Reprint of Presentation Materials ｜ Operating Profit by Business Segment (by business division) ｜ in May 2022 FY2022 (Forecast FY2025 at the time of the (target) FY2021 medium-term management plan ¥120.0 billion announcement) Urban Development ¥83.8 billion 51.9 ¥90.0 billion 49.7 50.0 Office and co
Slide 67: Business Portfolio Management
Reprint of Presentation Materials ｜ Business Portfolio Management ( at the time of the medium-term management in May 2022 plan announcement) ｜ In the plan, portfolio management is conducted by assessing all businesses along two axes, qualitative and quantitative evaluations. Our goal is to realize t
Slide 68: Reference
Reference © TOKYU FUDOSAN HOLDINGS CORPORATION 68
Slide 69: Formulation of bond policy
｜ Formulation of bond policy ｜ Formulation of bond policy to achieve sustainable society and growth through continuous issuance of ESG bonds 〈Outline of the Bond Policy〉 Name WE ARE GREEN Bond Policy - We will obtain the comprehensive and continual understanding and approval of the Group′s ESG initi
Slide 70: Trends in business performance
｜ Trends in business performance ｜ [¥billion] [%] 120 Operating profit Net income ROE(%) ROA(%) 110.4 112.0 20.0 18.0 100 16.0 83.8 77.5 80.2 79.3 14.0 80 73.2 68.8 12.0 60 56.5 10.0 8.8 7.7 7.1 7.3 7.3 7.3 8.0 6.7 40 5.7 4.0 6.0 4.1 3.5 3.6 3.7 3.5 3.7 (3.5)** (3.1)** 3.3 3.2 4.0 20 2.2 2.0 28.7 31
Slide 71: Breakdown of Results by Segment
｜ Breakdown of Results by Segment ｜ Changes in operating profit by segment Urban Development Urban Development Property Management Strategic Investment Wellness Property Management & Operation Tokyu Hands Real Estate Agents ¥billion Innovation business Elimination Real-Estate Agents Residential 110.
Slide 72: Process for Value Creation
｜ Process for Value Creation ｜ We create unique and original business models by tackling social issues, and achieve sustainable growth by linking the value created to stakeholder satisfaction
Slide 73: Development of Business to Address Social Issues
｜ Development of Business to Address Social Issues ｜ 〈Evolution of lifestyle creation〉 Lifestyle Creation 3.0 fuses different aspects of everyday life: living, working and playing * From the 2019 Integrated Report © TOKYU FUDOSAN HOLDINGS CORPORATION 73
Slide 74: Basic Policy for Increasing Shareholder Value and Corporate Value
｜ Basic Policy for Increasing Shareholder Value and Corporate Value ｜ We will aim to enhance shareholder value and corporate value by realizing efficiency-conscious profit growth under an optimum financial capital structure Asset Control Liability and Equity Control Efficient Improvement of Existing
Slide 75: Office Market
｜ Office Market ｜ Vacancy rates are trending downward in Shibuya Ward due to the limited total office floor space and the high （%） demand for additional floor space by many growing companies. 12.0 〈Vacancy rate〉 150.0 〈Average rent〉 Chiyoda-ku Chiyoda-ku Chuo-ku 140.0 Chuo-ku 10.0 Minato-ku Minato-k
Slide 76: Trends in Total Floor Area of Office and Retail Properties
｜ Trends in Total Floor Area of Office and Retail Properties and Characteristics of Retail Properties ｜ Developing commercial facilities in convenient areas, primarily in the Tokyo metropolitan area and the Kansai area 〈Total floor area Trends〉 〈Features of our commercial facilities〉 [thousand ㎡] 2,
Slide 77: Major project ~KUDAN-KAIKAN TERRACE~
｜ Major project ~ KUDAN-KAIKAN TERRACE ~ ｜ A workplace with "unique features" that combines history and state-of-the-art technology A facility where history and cutting-edge technology are integrated. Embodying the concept of “retro-modernism in bloom along the waterfront Partially preserving and re
Slide 78: GREEN WORK STYLE
｜ GREEN WORK STYLE ｜ Provide tenants with a one-stop service that leverages the Group's business domain to meet diverse office needs Multiple workplaces Environmental Initiatives Provide multiple and flexible workplaces to suit diverse work styles Support tenants' contribution to a sustainable socie
Slide 79: Business development addressing social issues (Diverse work styles)
｜ Business development addressing social issues ❬Diverse work styles ❭ ｜ Developing workspaces leveraging the Group's diverse assets City center City center － Suburban area Local Area Flexible office Workcation Center Office Individual workplace *** * Workplace Membership Shared office Stay type hot
Slide 80: Condominiums for Sale Market
｜ Condominiums for Sale Market ｜ The number of units supplied remains stable at a low level. Average price remains high 〈New condominiums sold in the Tokyo metropolitan area and average price〉 [Number of units] [¥ thousand] 100,000 70,000 Number of units sold Avarege price 62,880 80,000 60,000 60,00
Slide 81: Major office buildings
｜ Major office buildings ｜ Own 49 buildings mainly in 4 central wards of Tokyo No. of Total floor Area Major properties[Building] Year built Remarks buildings space * Shibuya Dogenzaka Tokyu 1983 13 Unosawa Tokyu 1984 15 Shibuya Shin-Minamiguchi 2000 7 Ebisu Business Tower 2003 23 Shibuya-ku 20 Shib
Slide 82: Major commercial facilities
｜ Major commercial facilities ｜ The Group operates 23 locations in the Tokyo area and 7 locations in Kansai and other regions No. of Major properties Total floor Area Year built Remarks facilities [Commercial facilities] space * Tokyu Plaza Kamata 1968 28 Tokyu Plaza Akasaka 1969 41 Shibuya ＢＥＡＭ 199
Slide 83: Major renewable energy facilities
｜ Major renewable energy facilities ｜ The Group is advancing businesses through 72 solar power generation projects (Includes 1 roof top), 12 wind power generation projects and 5 biomass power generation projects Type Status Business plant name Location Rating capacity （MW）* Suzuran Kushirocho Kushir
Slide 84: Major operating facilities
｜ Major operating facilities ｜ The Group operates 67 hotels, 9,232 rooms Number of Number of Name of facilities facilities rooms Teteshina Hakone Myojindai Urabandai Grandeco Kyoto Takagamine Katsuura Madarao Nasu VIALA annex Kyoto Takagamine Tokyu Harvest Club Hamanako Tateshina Annex Kyu Karuizawa
Slide 85: Past performance (financial)
｜ Past performance (financial) ｜ （￥ million） FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 Operating revenue 714,067 773,149 815,479 808,503 866,126 901,884 963,198 907,735 989,049 1,005,836 Operating profit 61,433 63,300 68,750 73,227 77,519 80,205 79,312 56,517 83,817 110,4
Slide 86: WE ARE GREEN
WE ARE GREEN @ TOKYU FUDOSAN HOLDINGS
Tokyu Fudosan Holdings — FY2022 Earnings Presentation on 6ix