Q1 (Apr–Jun 2026) · Year-to-Date
Revenue¥285.8bn−0.8%
Operating profit¥46.6bn+12.7%
Net income¥25.5bn−16.8%
Tokyu Fudosan's urban-development arm — the Shibuya towers and the commercial property around them — had a hard quarter: segment revenue fell 26.4% to ¥72.3bn and segment profit 46.2% to ¥11.6bn, on the timing of property sales. Property management, which now includes its hotels and resorts, more than made up for it, with profit of ¥21.2bn against ¥4.5bn. Group revenue was flat at ¥285.8bn (−0.8%) while operating profit rose 12.7% to ¥46.6bn and net income fell 16.8% to ¥25.5bn. Full-year guidance is unchanged and points sharply up: ¥1,400.0bn revenue (+12.4%).