Tokyu Fudosan : Financial Highlights FY2021 Ended March 31, 2022 Presentation Material (and Explanations)

Please allow us to present financial highlights.

First of all, I will touch on the medium-term management plan announced on May 11.
We positioned this medium-term management plan as the Restructuring phase set in the Long-term Management Policy released in May 2021, aiming to improve earnings power and efficiency for our renewed growth in the post-COVID-19 business landscape.
In line with this, we will work on building a solid and distinctive business portfolio in order to realize our ideal vision for 2030.

I would now like to explain the financial results for the fiscal year ended March 31, 2022.
Operating profit came to 83.8 billion yen and profit attributable to owners of parent to 35.1 billion yen.
The Company experienced significant increases in revenues and profit primarily due to the asset sales and strong-performing real-estate sales agent transactions, with operating profit reaching a record-high, amid the prolonged effects of COVID-19.
Moreover, profit attributable to owners of parent exceeded our business performance forecast. The annual dividend per share was 17.0 yen, an increase of 1.0 yen from the dividend forecast announced in November, with the dividend payout ratio of 34.8%.

Next, I would like to present our earnings forecast for the fiscal year ending March 31, 2023.

We are forecasting operating profit of 90.0 billion yen and profit attributable to owners of parent of 37.0 billion yen.
While the effects of COVID-19 are still ongoing, operating profit is expected to reach a record-high for the second consecutive year owing primarily to a certain degree of recovery in domestic demand particularly in the Wellness business, and an increase in gain on sales of assets accompanying strengthened circular business.
We are planning on paying an annual dividend of 18.0 yen per share, an increase of 1.0 yen from the fiscal year ended March 31, 2022 due to an increase in profit attributable to owners of parent.

Lastly, I will talk about the transfer of Tokyu Hands business.
As of March 31, 2022, the Company transferred all shares of Tokyu Hands Inc. and assigned receivables held by the Company with a view to facilitating the maximization of Tokyu Hands' value proposition to customers or its business value.
Going forward, the Company will continue aiming to enhance its shareholder value and corporate value by implementing its business portfolio management focused on improved efficiency.