Interim report
Page 1
Financial Summary FY2026 First Quarter ( First Three Months ) Ended June 30 , 2026 Tokyu Fudosan Holdings Corporation This report provides information excerpts from Tokyu Fudosan Holdings ' original disclosure in Japanese , " Kessan Tanshin , ” which was released on August 6 , 2026 at 15:30 ( GMT + 9 ) .
Page 2
- 1 - 1. Overview of the FY2026 First Quarter (First Three Months) Ended June 30, 2026 *All the figures in millions are rounded down and all the figures in billions are rounded off to one decimal place. (1) Summary of consolidated statement of income (% indicates year-on-year change.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent First three months (Millions of ye n) (%) (Millions of yen) (%) (Millions of yen) (%) (Millions of yen) (%) FY2026 285,774 (0.8) 46,593 12.7 40,725 8.6 25,502 (16.8) FY2025 287,983 7.8 41,326 30.6 37,509 27.8 30,636 62.1 Note: Comprehensive income: First three months of FY2026 ¥31,514 million [65.9%] First three months of FY2025 ¥18,994 million [(39.4)%] Earnings per share Fully diluted earnings per share First three months (Yen) (Yen) FY2026 35.77 – FY2025 42.83 – Note: In the fiscal year ended March 31, 2026, the Company finalized the provisional accounting treatment for business combinations. Accordingly, each figure for the first three months of the fiscal year ended March 31, 2026 reflects the finalized content of the provisional accounting treatment. (2) Summary of consolidated balance sheet Total assets Total net assets Equity ratio Net assets per share (Millions of yen) (Millions of yen) (%) (Yen) As of June 30, 2026 3,475,651 929,992 26.2 1,276.89 As of March 31, 2026 3,419,052 916,600 26.3 1,260.05 Reference: Equity: As of June 30, 2026 ¥910,719 million; As of March 31, 2026 ¥898,082 million 2. Dividends Annual dividends Q1 Q2 Q3 Yea r-end Total (Yen) (Yen) (Yen) (Yen) (Yen) FY2025 ended March 31, 2026 – 22.00 – 26.00 48.00 FY2026 ending March 31, 2027 – FY2026 ending March 31, 2027 (Forecast) 25.00 – 25.00 50.00 Note: Revisions to the forecasts of di vidends most recently announced: None 3. Consolidated Financial Results Forecast for Fiscal Year 2026 Ending March 31, 2027 (% indicates year-on-year change.) Operating revenue Operating profit Ordinary profit Profit attributable to owners of parent Earnings per share (Millions of yen) (%) (Millions of yen) (%) (Millions of yen) (%) (Millions of yen) (%) (Yen) Full-year forecast 1,400,000 12.4 190,000 13.9 161,000 8.9 100,000 3.4 140.02 Note: Revisions to the consolid ated financial results forecasts most recently announced: None
Page 3
- 2 - Total number of shares issued (common stock) (a) Total number of shares issued at end of period (including treasury shares) As of June 30, 2026: 719,830,974 shares As of March 31, 2026: 719,830,974 shares (b) Number of treasury shares at end of period As of June 30, 2026: 6,599,668 shares As of March 31, 2026: 7,096,777 shares (c) Average number of shares (cumulative from the beginning of the fiscal year) Three months ended June 30, 2026: 712,977,796 shares Three months ended June 30, 2025: 715,287,762 shares (Note) The Company has a “Director Stock Ownership Plan Trust” for directors, etc. of the Company and its subsidiaries and a “Tokyu Fudosan Holdings Employee Shareholding Incentive Plan Trust.” The shares of the Company held by the trust accounts of the trusts are included in the number of treasury shares as a deduction in calculating the number of treasury shares at end of period and the average number of shares. * Review of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: Yes (voluntary) * Proper use of financial results forecasts, and other special matters (Disclaimer) 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 Company. Actual performance may significantly differ from these forecasts due to various factors in the future.
Page 4
- 3 - Operating Results and Financial Position 1. Overview of Operating Results For the overview of operating results for the three months ended June 30, 2026, please refer to presentation materials for the financial results, which was posted today (August 6, 2026) on our website. URL: https://www.tokyu-fudosan-hd.co.jp/english/ir/library/
Page 5
- 4 - First Quarter Consolidated Balance Sheet Tokyu Fudosan Holdings Corporation (Millions of yen) As of March 31, 2026 As of June 30, 2026 Assets Current assets Cash and deposits 187,813 152,700 Notes and accounts receivable - trade, and contract assets 59,114 48,232 Securities 26,033 41,334 Merchandise 618 622 Real estate for sale 615,453 672,260 Real estate for sale in process 466,932 466,136 Costs on construction contracts in progress 4,513 6,808 Supplies 1,489 1,527 Other 115,030 121,393 Allowance for doubtful accounts (951) (967) Total current assets 1,476,048 1,510,048 Non-current assets Property, plant and equipment Buildings and structures 627,286 631,321 Accumulated depreciation (235,706) (240,839) Buildings and structures, net 391,579 390,482 Land 623,318 624,298 Construction in progress 54,501 56,320 Other 264,591 268,234 Accumulated depreciation (88,540) (91,511) Other, net 176,051 176,723 Total property, plant and equipment 1,245,450 1,247,824 Intangible assets Goodwill 49,269 48,013 Other 49,397 50,981 Total intangible assets 98,666 98,995 Investments and other assets Investment securities 398,533 416,382 Leasehold and guarantee deposits 100,532 101,012 Other 100,795 102,636 Allowance for doubtful accounts (975) (1,247) Total investments and other assets 598,886 618,782 Total non-current assets 1,943,004 1,965,602 Total assets 3,419,052 3,475,651 Note: Amounts are in units of millions of yen with fractional units discarded.
Page 6
- 5 - Tokyu Fudosan Holdings Corporation (Millions of yen) As of March 31, 2026 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable - trade 56,412 45,919 Short-term borrowings 206,142 181,837 Current portion of bonds payable 10,160 10,160 Commercial papers – 93,000 Income taxes payable 22,167 16,896 Provisions 20,982 11,363 Other 209,646 201,297 Total current liabilities 525,511 560,474 Non-current liabilities Bonds payable 331,050 331,050 Long-term borrowings 1,279,592 1,300,874 Long-term leasehold and guarantee deposits received 230,959 232,975 Retirement benefit liability 27,120 26,885 Provisions 3,797 3,597 Other 104,420 89,800 Total non-current liabilities 1,976,939 1,985,183 Total liabilities 2,502,451 2,545,658 Net assets Shareholders’ equity Share capital 77,562 77,562 Capital surplus 158,937 158,937 Retained earnings 560,356 567,144 Treasury shares (8,432) (7,827) Total shareholders’ equity 788,423 795,816 Accumulated other comprehensive income Valuation difference on available-for-sale securities 23,872 23,263 Deferred gains or losses on hedges 9,779 11,029 Revaluation reserve for land 8,642 8,642 Foreign currency translation adjustment 65,356 70,071 Remeasurements of defined benefit plans 2,007 1,897 Total accumulated other comprehensive income 109,658 114,903 Non-controlling interests 18,517 19,273 Total net assets 916,600 929,992 Total liabilities and net assets 3,419,052 3,475,651 Note: Amounts are in units of millions of yen with fractional units discarded.
Page 7
- 6 - First Quarter Consolidated Statements of (Comprehensive) Income (First Quarter Consolidated Statement of Income) Tokyu Fudosan Holdings Corporation (Millions of yen) First three months FY2025 (from April 1, 2025 to June 30, 2025) First three months FY2026 (from April 1, 2026 to June 30, 2026) Operating revenue 287,983 285,774 Operating costs 220,895 209,700 Operating gross profit 67,088 76,074 Selling, general and administrative expenses 25,762 29,481 Operating profit 41,326 46,593 Non-operating income Interest income 143 170 Dividend income 278 364 Foreign exchange gains – 17 Share of profit of entities accounted for using equity method 43 – Subsidy income 417 692 Other 501 559 Total non-operating income 1,384 1,804 Non-operating expenses Interest expenses 4,521 6,135 Foreign exchange losses 11 – Share of loss of entities accounted for using equity method – 176 Other 668 1,359 Total non-operating expenses 5,201 7,672 Ordinary profit 37,509 40,725 Extraordinary income Gain on sale of shares of subsidiaries and associates 9,466 – Other 235 – Total extraordinary income 9,701 – Extraordinary losses Loss on sale of shares of subsidiaries and associates – 13 Total extraordinary losses – 13 Profit before income taxes 47,210 40,712 Income taxes 16,470 14,442 Profit 30,739 26,269 Profit attributable to non-controlling interests 103 766 Profit attributable to owners of parent 30,636 25,502 Note: Amounts are in units of millions of yen with fractional units discarded.
Page 8
- 7 - (First Quarter Consolidated Statement of Comprehensive Income) Tokyu Fudosan Holdings Corporation (Millions of yen) First three months FY2025 (from April 1, 2025 to June 30, 2025) First three months FY2026 (from April 1, 2026 to June 30, 2026) Profit 30,739 26,269 Other comprehensive income Valuation difference on available-for-sale securities 3,423 (609) Deferred gains or losses on hedges 871 1,218 Foreign currency translation adjustment (5,942) 1,020 Remeasurements of defined benefit plans, net of tax (91) (110) Share of other comprehensive income of entities accounted for using equity method (10,006) 3,726 Total other comprehensive income (11,745) 5,244 Comprehensive income 18,994 31,514 Comprehensive income attributable to Comprehensive income attributable to owners of parent 18,922 30,746 Comprehensive income attributable to non-controlling interests 71 767 Note: Amounts are in units of millions of yen with fractional units discarded.