Presentation Material for the First Quarter of FY2023 (Ending December 31, 2023)
May 11, 2023
Contents
- Summary
- Consolidated Statement of Income for the First Quarter of FY2023
- Breakdown of Business Profit by Segment
- Consolidated Balance Sheet for the First Quarter of FY2023
- Balance of Real Estate for Sale
- Assessment of the Market Environment and Future Policies
- Full-YearEarnings Forecast for FY2023
- Changes in Business Profit and Profit
- Shareholder Returns
- Business Results by Segment
- Commercial Properties Business
- Residential Business
- Asset Service Business
- Other
- ESG-relatedInitiatives
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Appendix
Long-Term Vision and Medium-Term Business Plan
Materiality of the Tokyo Tatemono Group
Quantitative Plan in Medium-Term Business Plan
Long-Term Vision, Medium-Term Business Plan Material
Investment Plan for FY2023 Changes in Major Indicators Financial Standing
Fair Value of Rental Properties Quarterly Segment Data Market Data
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Copyright © Tokyo Tatemono Co., Ltd. All Rights Reserved. | 2 |
Summary
Business Results for the First Quarter of FY2023
- Although sales and gross profit on property sales to investors decreased, revenue decreased, and profit increased due to the increase in sales and gross profit on for-sale condominiums.
Topics
- Bringing forward the target for the shift of renewable electric power at owned properties in the Commercial Property business by 20 years to 100% renewable energy consumption in FY2030 (February 2023)
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Participation in first office building development project in Bangkok, Thailand (April 2023)
Concluded a share transfer contract of consolidated subsidiary Tokyo Tatemono Kids Co. Ltd. and concluded a business alliance agreement (April 2023)
Copyright © Tokyo Tatemono Co., Ltd. All Rights Reserved. | 3 |
Consolidated Statement of Income for the
First Quarter of FY2023
- Although sales and gross profit from property sales to investors decreased, revenue decreased, and profit increased due to the increase in sales and gross profit from for-sale condominiums.
Unit: ¥ billion | 2022/12 | 2023/12 | Increase/ | Main factors for increase/decrease | |
1Q Actual | 1Q Actual | Decrease | |||
Operating revenue | 121.6 | 118.3 | (3.2) | ||
Commercial properties | 57.6 | 34.4 | (23.2) | ||
Residential | 43.3 | 63.8 | 20.4 | ||
Asset service | 15.8 | 14.2 | (1.5) | ||
Other | 4.8 | 5.8 | 1.0 | ||
Operating profit | 25.5 | 27.2 | 1.7 | ・Operating revenue; Business profit | |
See Business Results by Segment | |||||
Share of profit (loss) of | |||||
entities accounted for using | (0.1) | 0.8 | 0.9 | ||
equity method | |||||
Business profit * | 25.3 | 28.1 | 2.7 | ||
Commercial properties | 17.1 | 10.1 | (6.9) | ||
Residential | 7.6 | 17.8 | 10.1 | ||
Asset service | 3.2 | 1.6 | (1.5) | ||
Other | 0.0 | 1.2 | 1.2 | ||
Elimination/Corporate | (2.7) | (2.8) | (0.1) | ||
Non-operating income | 1.6 | 2.2 | 0.5 | Recording of share of profit of entities | |
accounted for using equity method, etc. | |||||
Non-operating expenses | 2.0 | 2.0 | (0.0) | ||
Interest expense | 1.6 | 1.6 | 0.0 | ||
Ordinary profit | 25.1 | 27.4 | 2.3 | ||
Extraordinary income | 0.2 | 0.0 | (0.2) | ||
Extraordinary loss | 0.0 | 0.0 | (0.0) | ||
Profit before income taxes | 25.3 | 27.4 | 2.1 | ||
Profit attributable to owners of | 17.2 | 17.7 | 0.5 | ||
parent | |||||
* Business profit = Operating profit + Share of profit (loss) of entities accounted for using equity method |
2023/12 | Achievement |
Full-year | |
rate | |
forecasts | |
413.0 | 29% |
198.0 | 17% |
135.0 | 47% |
56.0 | 25% |
24.0 | 24% |
66.0 | 41% |
5.0 | 17% |
71.0 | 40% |
44.5 | 23% |
23.0 | 78% |
8.0 | 21% |
6.0 | 21% |
(10.5) | 27% |
9.0 | 25% |
8.0 | 25% |
- | - |
67.0 | 41% |
2.0 | 0% |
3.0 | 1% |
66.0 | 42% |
44.5 | 40% |
Copyright © Tokyo Tatemono Co., Ltd. All Rights Reserved. | 4 |
Breakdown of Business Profit by Segment
(Unit: ¥ billion) | |||||||||
Segment: Item | 2022/12 | 2023/12 | 2023/12 | ||||||
1Q Actual | 1Q Actual | Forecasts | |||||||
All segments (excluding sales of | 13.6 | 27.3 | 52.0 | ||||||
properties to investors) total | |||||||||
Commercial | Building leasing, | 8.6 | 7.9 | 25.0 | |||||
properties: | etc. | ||||||||
Residential: | For-sale | 4.1 | 17.4 | 17.0 | |||||
condominiums, etc. | |||||||||
Asset service: | Parking lots, | 0.7 | 0.7 | 4.0 | |||||
brokerage. etc. | |||||||||
Other: | Leisure & childcare, | 0.0 | 1.2 | 6.0 | |||||
fund, overseas | |||||||||
Property sales to investors | Total*1 | 14.4 | 3.6 | 29.5 | |||||
Commercial | Logistics, Hotel, | 8.4 | 2.2 | 19.5 | |||||
Retail facilities, | |||||||||
properties | |||||||||
Offices | |||||||||
Residential | For-sale | 3.4 | 0.4 | 6.0 | |||||
condominiums | |||||||||
Asset service | Asset solutions | 2.5 | 0.9 | 4.0 | |||||
Other | - | - | ー | ||||||
Elimination / Corporate | (2.7) | (2.8) | (10.5) | ||||||
Total business profit*2 | 25.3 | 28.1 | 71.0 |
*1 | Figures for property sales to investors are the gross profit | |
*2 | Business profit = Operating profit + Share of profit (loss) of entities accounted for using equity method | 5 |
Copyright © Tokyo Tatemono Co., Ltd. All Rights Reserved. | ||
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Tokyo Tatemono Co. Ltd. published this content on 24 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2023 06:15:03 UTC.