Tokyu Fudosan Holdings Corp. · TSE:3289
Tokyu Fudosan — Q1 FY2023 Earnings Presentation
86 slides from Tokyu Fudosan's earnings presentation, August 2023
Slide 1: Financial Highlights FY2023 First Quarter
Securities Code：3289 Create Value for the Future Financial Highlights FY2023 First Quarter (First Three Months) Ended June-30, 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 FY2023 First Quarter ・・・・ 11 ・Segment Overview ・・・・ 25 ・Partner co-creation initiatives ・・・・ 43 ・Sustainability and DX Initiatives ・・・・ 45 ・Overview of the Medium-term management plan 2025 ・・・・ 55 ・Ref
Slide 4: Progress of Medium-Term Management Plan
Reprint of Presentation Materials in May 2023 Progress of Medium-Term Management Plan © TOKYU FUDOSAN HOLDINGS CORPORATION 4
Slide 5: Progress of Medium-Term Management Plan (Financial Targets)
Reprint of Presentation Materials in May 2023 ｜ 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)
Slide 6: Progress in business portfolio management①
Reprint of Presentation Materials in May 2023 ｜ Progress in business portfolio management① ｜ Completed structural reforms of businesses that were positioned as requiring radical restructuring, and moved into a new phase of business structural reforms. Asset-utlizing business Human capital-utilizing
Slide 7: Progress in business portfolio management②
Reprint of Presentation Materials in May 2023 ｜ 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
Slide 8: Progress in business portfolio management③
Reprint of Presentation Materials in May 2023 ｜ 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
Slide 9: Changes in Share Price, etc.
｜ Changes in Share Price, etc. （2019.10.1～2023.7.31） ｜ 1,100yen FY2023(plan)8.8% 9% Share price BPS ROE forecast ROE 1,000yen 8% BPS：991.09 yen 900yen FY2019 6.7% FY2022 7.3% 7% 800yen 7/31 Share price：844 yen 700yen 6% 600yen 5% FY2021 5.7% 500yen 4% 400yen FY2020 3.7% 300yen 3% 2019/10 2020/04 202
Slide 10: Initiatives to enhance corporate value and market valuation
Reprint of Presentation Materials in May 2023 ｜ 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(Forecas
Slide 11: Summary of the FY2023 First Quarter
Summary of the FY2023 First Quarter (First Three Months) Ended June 30, 2023 © TOKYU FUDOSAN HOLDINGS CORPORATION 11
Slide 12: Highlights
｜ Highlights ｜ Topics Contents Operating profit: 34.5 billion yen (+9.6 billion yen YoY) Net profit* 25.3 billion yen (+10.9 billion yen YoY) Financial Results for the First Increased in both revenues and profit YoY due to strong sales of assets and Quarter of the Fiscal year Ending brokerage servic
Slide 13: FY2023 Major business environment
｜ 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 of strong an
Slide 14: FY2023 Q1 Operating Results, major index
｜ FY2023 Q1 (First three months) Operating Results, major index ｜ Both revenues and profit increased YoY FY2022 FY2023 FY2023 （¥ billion） Comparison FY2022 Progress note Q1 Q1 Forecast** Operating Revenue 220.3 253.1 32.8 1,005.8 1,120.0 22.6% Operating profit 24.9 34.5 9.6 110.4 112.0 30.8% □Extrao
Slide 15: FY2023 Q1 Segment performance
｜ FY2023 Q1 (First three months) Segment performance ｜ Urban Development, Property Management & Operation, and Real Estate Agents Segments: Revenues and Income Increased YoY; Steady Progress in Asset Sales FY2022 FY2023 FY2023 （¥ billion） Comparison FY2022 Comparison note Q1 Q1 Forecast Operating re
Slide 16: FY2023 Q1 Analysis of segment performance
｜ FY2023 Q1 (First three months) Analysis of segment performance ｜ 9.6 billion yen increase YoY, due to strong asset sales and brokerage sales, recovery in wellness business, etc. ・ Property Management business +0.3 billion yen ・ Increase in real estate agent sales due to active real ・ Wellness busi
Slide 17: FY2023 Earnings forecasts and analysis of segment performance
Reprint of Presentation Materials in May 2023 ｜ 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
Slide 18: FY2023 Q1 Summary of balance sheets①
｜ FY2023 Q1 (First three months) Summary of balance sheets① ｜ Increase in cash and deposits due to sales of fixed assets, etc Interest-bearing debt increased due to hybrid finance and other financing FY2022 FY2023 FY2022 FY2023 （¥ billion） Comparison （¥ billion） Comparison Mar-31, 2023 Jun-30, 2023
Slide 19: FY2022 Summary of balance sheets②
Reprint of Presentation Materials in May 2023 ｜ FY2022 Summary of balance sheets② (As of March 31, 2023) ｜ Progress in investments has led to an increase in land and buildings for sale in Urban development and Strategic investments businesses 〈Asset breakdown by segment〉 〈Breakdown of Urban Developm
Slide 20: Market value appraisal for leased properties
Reprint of Presentation Materials in May 2023 ｜ Market value appraisal for leased properties (As of March 31, 2023) ｜ 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 fisc
Slide 21: Summary of Cash flow and Investment plan
Reprint of Presentation Materials in May 2023 ｜ 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
Slide 22: Gross profit on sales and land and buildings for sale by assets
｜ Gross profit on sales and land and buildings for sale by assets ｜ Promoting efficient asset turnover and profit generation against the backdrop of favorable trading market conditions, approx. 50% of the projected gross profit for the fiscal year ending March 31, 2024, is already sold or under cont
Slide 23: Financial Condition
Reprint of Presentation Materials in May 2023 ｜ 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
Slide 24: Shareholder Return
Reprint of Presentation Materials in May 2023 ｜ 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〉 [Yen] 8.8%
Slide 25: Segment Overview
Segment Overview © TOKYU FUDOSAN HOLDINGS CORPORATION 25
Slide 26: Urban Development ① FY2023 Q1
｜ Urban Development ① FY2023 Q1 (First Three Months) ｜ Both revenues and profit increased due to progress in asset sales against the backdrop of a strong trading market FY2022 FY2023 （¥ billion） Comparison note Q1 Q1 〈Breakdown of revenues in Urban Development〉 Operating revenue 70.0 87.2 17.2 [¥ bi
Slide 27: Urban Development ② Vacancy Rate and Rent trends and Portfolio Characteristics
｜ Urban Development ② Vacancy Rate and Rent trends and Portfolio Characteristics ｜ 〈Office Area〉 Metropolitan 4districts As of June 30, 2023, Vacancy rate 1.2 % Average office rent 28,760 yen (Month/Tsubo) 698 thousand㎡（94%） Vacancy rate remains low (Office buildings and Commercial facilities) 42bui
Slide 28: Urban Development ③ Major projects (Offices/Commercial facilities)
｜ Urban Development ③ Major projects (Offices/Commercial facilities, etc.) ｜ 【Other projects】 Chayamachi B-2 Block Redevelopment Project Osaka Commercial, etc. Project for Using Land at Tokyo Institute of Technology’s Tamachi Campus** Minato-ku Office/Commercial/Industry-academia- government collabo
Slide 29: Urban Development ④ Major projects (the Greater Shibuya area)
｜ Urban Development ④ Major projects (the Greater Shibuya area) ｜ Several projects are ongoing in the Greater Shibuya area Harajuku Sta. The Greater Shibuya area Redevelopment Project Commercial facility Office building Properties owned by Activia Properties Inc. Meiji jinguumae Sta. Properties join
Slide 30: Urban Development ⑤ 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 ◆Extend
Slide 31: Urban Development ⑥ Condominium index
｜ Urban Development ⑥ Condominium index ｜ As of the first quarter of the FY2023, the contract securing rate has progressed to 87% of the forecast 〈Major upcoming projects〉 Accounting year FY2021 FY2022 FY2023 Forecast Delivery Name Units* begins No. of units sold 2,194 1,369 1,218（Q1：167） FY2024 The
Slide 32: Strategic Investment ① FY2023 Q1
｜ Strategic Investment ① FY2023 Q1 (First Three Months) ｜ Decrease in net revenues and profit mainly due to the absence of equity sales in overseas businesses FY2022 FY2023 〈Breakdown of revenues in （¥ billion） note Infrastructure & industry business〉 Comparison Q1 Q1 [billion] Operating revenue 25.
Slide 33: 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 June 30, 2023) Portfolio Properties in operation: 69 (solar: 62, wind power: 6 , biomass: 1) Solar Power Plant In
Slide 34: 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 35: Strategic Investment ④ Logistics facilities business
｜ Strategic Investment ④ Logistics facilities business ｜ Steady progress in securing projects while increasing asset turnover Projects acquired (As of June 30, 2023) Major projects Properties in operation: 4 Projects under development: 17 LOGI’Q Minamisunamachi Floor space: 16 thousand ㎡ Investment
Slide 36: 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 37: Property Management & Operation ① FY2023 Q1
｜ Property Management & Operation ① FY2023 Q1 (First Three Months) ｜ Sales and profit increased due to recovery in demand centered on the hotel business. FY2022 FY2023 〈Breakdown of revenues in （¥ billion） Comparison note Q1 Q1 Property management business〉 Operating revenue 70.0 76.7 6.7 Property m
Slide 38: 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 800,000 306,250 304,220 314,197 303,930 343,203 350,356 351,977 600,000 400,000 525,434 525,313 525,694 527,673 524
Slide 39: Property Management & Operation ③ Main projects and Operation status
｜ Property Management & Operation ③ Main projects and Operation status ｜ Tokyu Stay's RevPAR exceeds 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 Grancreer Tsunashima STORYLINE S
Slide 40: Real Estate Agents ① FY2023 Q1
｜ Real Estate Agents ① FY2023 Q1 (First Three Months) ｜ Both sales and income increased due to an increase in the number of brokerage transactions and a rise in average transaction prices, capturing the active real estate distribution market. FY2022 FY2023 〈Breakdown in revenues of Real estate sales
Slide 41: Real Estate Agents ② Performance indicators in sales agent
｜ Real Estate Agents ② Performance indicators in sales agent ｜ FY2023 Q1 Retail Wholesale Total Highlights Rate of change YoY No. of transactions 6,599 265 6,864 □Retail (units) +1.7% +17.3% +2.3% ・Number of brokerage offices: 210 as of March 31, 2023, with plans to open 7 new offices this fiscal ye
Slide 42: 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 140 120 141 130 131 100 117 107 99 80 20/3 21/3 22/3 23/3 23/6 24/3 Plan [Units: thousand] 99 107 117 130 131 141 (Change from the end of preceding fiscal year) ＋6
Slide 43: Partner co-creation initiatives
Partner co-creation initiatives © TOKYU FUDOSAN HOLDINGS CORPORATION 43
Slide 44: Partner co-creation initiatives
｜ Partner co-creation initiatives ｜ Co-create with external partners to expand assets involved Comprehensive business alliance with JR East (February 2023) A comprehensive business alliance was formed with the aim of solving social issues through environmentally symbiotic, community self- help susta
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 Total
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❭ ｜ Received "AA" in the "MSCI ESG Rating" and was selected as a constituent of the "FTSE4Good Index Series" for a total of 14 consecutive years*. ●Selected - Not selected / No evaluation Classification Index/Evaluation Description of Evaluation 2017 2018
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 ｜ Reforms underway with a focus on business processes and CX 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,
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 9.54 Min
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 ㎡] Of
Slide 77: Major project KUDAN-KAIKAN TERRACE
｜ Major project ~ KUDAN-KAIKAN TERRACE (Opened in Oct.2022)~ ｜ 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 Partial
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 47 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 22 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 70 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 66 hotels, 9,107 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 — Q1 FY2023 Earnings Presentation on 6ix