Odakyu Electric Railway : Results for the First Quarter of FY2021 ending March 31, 2022

Results for the First Quarter of FY2021

ending March 31, 2022

July 30, 2021

Circumstances of each business (monthly trends)

						(Thousands)						67,873
					70,000									66,860
					63,133			65,588
Number of Passengers	60,000		48,022	45,620			49,417			48,372			49,851
on Odakyu Electric	50,000			(△24.7％)		(△28.7％)		(△25.4%)
							(△27.7％)							45,817
		Railway	40,000
									32,098			33,751
				Non-commuters	30,000
				School	20,000
				commuters	10,000
				Work commuters
			0
	（Change from 2019)
	2019	2020	2021	2019	2020	2021	2019	2020	2021	2019	2020	2021
						(Millions of yen)	Mar			Apr			May			Jun
					12,000	11,701
										10,549			10,632			10,710
Transactions of Odakyu	10,000			9,079									8,321
		(△22.4％)
Department Store Sales	8,000		7,252				6,834					8,126 (△22.3％)
										(△35.2％)
					6,000									4,917
				Fujisawa								3,087	(△53.7％)
				Machida Store						2,219
					4,000
				Shinjuku Store	2,000
	（Change from 2019)	0
2019	2020	2021	2019	2020	2021	2019	2020	2021	2019	2020	2021
								Mar			Apr			May			Jun

(Reference) State of emergency declaration periods

Fiscal 2020: 4/8 - 5/25 (4/8 - 5/25 temporary closure of all floors at three department stores, excluding food floors)

Fiscal 2021: 4/25 - 6/20 (4/25 - temporary closure of all floors at Shinjuku and Machida department stores, excluding floors that sell daily necessities, with gradual expansion of operating floors)

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Consolidated Statement of Income

*Since the Company is adopting standards, such as "Accounting Standard for Revenue Recognition" (ASBJ Statement No.29), from FY2021, results for the previous fiscal year have not been reclassified.

Furthermore, the impact of adopting these new accounting standards is stated in in the FAQ section of our website.

	Millions of yen	First Quarter of FY2020	First Quarter of FY2021	Change
		70,366	88,355	+17,989
Revenue from operations	(+25.6%)
	Transportation	22,583	31,712	+9,129
	Merchandising	29,588	24,382	△5,205
	Real Estate	11,619	23,019	+11,400
	Other Businesses	13,116	15,847	+2,731
	Adjustments	△6,540	△6,606	△65
		△14,482	3,120	+17,603
Operating income	(－)
	Transportation	△10,932	△45	+10,886
	Merchandising	△1,393	△129	+1,263
	Real Estate	2,775	6,475	+3,700
	Other Businesses	△4,944	△3,191	+1,753
	Adjustments	12	11	△1
		△15,664	3,634	+19,298
Ordinary income	(－)
Net income attributable to owners of	△16,319	7,341	+23,661
parent			(－)

3	Copyright 2021 Odakyu Electric Railway Co.,Ltd. All Rights Reserved.

Non-operating and extraordinary profit / loss

Millions of yen	First Quarter of FY2020	First Quarter of FY2021		Change and major factors
Non-operating	1,745	2,024	+278	Non-operating income 164（＋164）
income
Non-operating
2,927	1,511	△1,416	Non-operating expenses －（△803）
expenses
				Proceeds from sales of investment securities
Extraordinary profit	855	9,513	+8,657	4,267（＋4,267）
			Gain on sale of property and equipment 2,958（＋2,659）
				Subsidy income 1,400（＋1,322）
Extraordinary loss	2,995	432	△2,562	Loss on temporary closure －（△2,475）

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Consolidated Balance Sheets, Consolidated

Statements of Cash Flows

			Millions of yen	FY2020	First Quarter of FY2021		Change and major factors
		Current assets	146,692	132,942	△13,749
		Noncurrent assets	1,180,304	1,168,389	△11,914
	Total assets	1,326,996	1,301,332	△25,663	Cash and time deposits △6,720
							Investment securities △9,215
		Current liabilities	339,704	319,337	△20,366
		Long-term liabilities	634,835	631,486	△3,348
	Total liabilities	974,539	950,823	△23,715	Notes and accounts payable △3,616
	Net assets	352,456	350,509	△1,947	Retained earnings ＋2,868
							Net realized gain on securities, net of taxes △4,682
	Total liabilities and net assets	1,326,996	1,301,332	△25,663
(Reference) Other financial information
			Millions of yen	FY2020	First Quarter of FY2021	Change
			Cash and time deposits	49,397	42,676	△6,720
			Interest-bearing debt	782,822	784,284	＋1,461
			Equity ratio	26.4%	26.7%	＋0.3P

5	Copyright 2021 Odakyu Electric Railway Co.,Ltd. All Rights Reserved.