Tokyu Land Corporation is a comprehensive real estate company that operates an urban development business, a residential business, a wellness business, overseas businesses, etc. as a core company of Tokyu Fudosan Holdings Group.
Since our founding in 1953, we have consistently pursued the creation of value with new real estate businesses. We have expanded our business domains in response to changes in the times and social changes from the development business to the property management business, the real-estate agent business and, further, the retail business advocating restoration of "Work done by hand." These operations are now running as independent businesses as Tokyu Community Corporation, Tokyu Livable, Inc. and Tokyu Hands, Inc. as subsidiaries in the Group.
Shifting the main source of revenue from real estate sales to the leasing of real estate such as office buildings and commercial facilities from 2000, we have overcome the bursting of the bubble economy and the Lehman crisis. We also entered the real estate securitization business early to build a strong business structure based on stable revenue.
Tokyu Land Corporation, which celebrated its 60th year in business in 2013, is very much aware that it is in the second phase of establishing its business and steadily solidifying its position ahead of 2020, when the Summer Olympic Games will be held in Tokyo, with stable earning power and development capabilities backed by a strong track record.It aspires to play the central role in the medium- and long-term management plan, dubbed "Value Frontier 2020," that serves as a guideline for the Group.
In the Urban Development business, we are proceeding with large-scale projects in Shibuya (FY 2019 and FY 2020), Ginza (FY 2015) and Takeshiba (FY 2019). To promote growth strategies set by the government and to absorb demand for inbound tourism, we will work to increase the competitiveness of Tokyo as a global city. Above all, we will aim to establish the leading position in Greater Shibuya, which includes Shibuya, our home turf, and the surrounding areas.
In the Residential business, we will strive to increase the value of the BRANZ brand by promoting the supply of new BRANZ condominium units and providing product planning that will meet diverse customer needs and persistent Group-wide services under the system with combined manufacturing and sales.
In the Wellness business, focusing our attention on the market of approximately 8 trillion yen which combines leisure, senior and health-related demand, we will seek to establish our presence with Tokyu Harvest Club, a membership resort hotel for active senior citizens, and Grancreer, a senior residence, etc. by mobilizing our expertise as a comprehensive wellness business operator.
On top of these initiatives, we will also take on the task of developing the overseas business mainly in Indonesia and North America, among others, to ensure our growth as a comprehensive real estate company.
The image of our ideal company is a strong and sustainable organization that has the power to make money, or profits, secure stable revenues with core businesses, and work on more significant businesses and social issues, taking advantage of its corporate strength.
To that end, harnessing a rock-solid business base and organizational power will be essential. To remain a corporate group trusted by customers and society, we will continue to focus on enhancing our corporate governance and compliance. We will also take the lead in advancing efforts to deepen communication among the companies and individuals in the Group in order to exert synergy in cooperation with them.
In March 2015, Tokyu Plaza Shibuya, which had been cherished by customers for half a century, closed. The redevelopment of the areas surrounding Shibuya Station has finally begun in earnest. Now, we will draw the future with unique, creative ideas to become a corporate group that continues to be chosen by customers by constantly seeking to create new value. Finally we will aim to satisfy expectations for a new Tokyu Land Corporation ahead of 2020.
President Yuji Okuma