2Q FY2023
Financial Results Briefing
November 17, 2023
TOBU RAILWAY CO., LTD.
Table of Contents
Ⅰ . 2Q FY2023 Business Results | P02 |
Ⅱ. FY2023 Full Year Forecast | P12 |
Ⅲ. Achieving Medium-term Business Plan P21
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Ⅰ.2Q FY2023 Business Results ― Subsidiaries・Affiliates
Subsidiaries | March | Increase | Decrease | September | Notes |
2023 | 2023 |
Transportation | 27 | - | - | 27 | |
July,2023. | |||||
Leisure | 16 | - | 1 | 15 | |
Decrease in liquidation conclusion Tiramisu Holdings Co.,Ltd. | |||||
Real Estate | 3 | - | - | 3 | |
Retail Distribution | 8 | - | - | 8 | |
Other | 15 | - | - | 15 | |
Total | 69 | - | 1 | 68 | |
Affiliates | March | Increase | Decrease | September | Notes |
2023 | 2023 | ||||
Transportation | 1 | - | - | 1 | |
Leisure | 2 | - | - | 2 | |
Real Estate | - | - | - | - | |
Retail Distribution | - | - | - | - | |
Other | - | - | - | - | |
Total | 3 | - | - | 3 | |
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Ⅰ.2Q FY2023 Business Results ― Consolidated statement of income
Unit: Millions of yen | 2Q FY2023 | 2Q FY2022 | Change | Notes | |
Results | Results | ||||
Transportation | +10,047 | ||||
Operating revenues | 308,582 | 285,422 | 23,160 | Leisure | +10,237 |
Real Estate | +2,095 | ||||
Retail Distribution +1,332 | |||||
Other | +1,742 | ||||
Transportation | +6,611 | ||||
Operating profit | 39,087 | 24,097 | 14,990 | Leisure | +4,873 |
Real Estate | +955 | ||||
Retail Distribution +1,161 | |||||
Other | +1,807 | ||||
Ordinary profit | 38,200 | 23,151 | 15,049 | ||
Extraordinary income | 627 | 5,315 | -4,687 | ||
Extraordinary losses | 1,093 | 8,085 | -6,991 | ||
Profit attributable to | 26,375 | 13,030 | 13,344 | ||
owners of parent | |||||
2Q FY2023 | Change |
Plan | |
297,000 11,582
25,000 14,087
23,000 | 15,200 |
- | - |
- | - |
15,500 | 10,875 |
Ratio of Operating profit to Sales
Depreciation
EBITDA
Capital Expenditures
12.7% | 8.4% | 4.3P | 8.4% | 4.3P |
25,713 | 26,436 | -722 | - | - |
64,801 | 50,533 | 14,267 | - | - |
14,574 | 18,244 | -3,670 | - | - |
* Numbers for plan come from announcement made on April 28, 2023. (p.3-p.19)
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Ⅰ.2Q FY2023 Business Results | ― Segment Profit | ||||||
Unit: Millions of yen | 2Q FY2023 | FY2022 | Change | 2Q FY2023 | Change | ||
Results | Results | Plan | |||||
Operating revenues | 103,461 | 93,414 | 10,047 |
Transportation | |||
Operating profit | 16,288 | 9,676 | 6,611 |
Operating revenues | 92,380 | 82,142 | 10,237 |
Leisure | |||
Operating profit | 13,195 | 8,322 | 4,873 |
Operating revenues | 27,766 | 22,671 | 2,095 |
Real Estate | |||
Operating profit | 6,052 | 5,096 | 955 |
Operating revenues | 82,698 | 81,365 | 1,332 |
Retail Distribution | |||
Operating profit | 1,831 | 669 | 1,161 |
Operating revenues | 38,371 | 36,628 | 1,742 |
Other | |||
Operating profit | 2,362 | 555 | 1,807 |
100,200 3,261
10,500 5,788
84,400 7,980
8,800 4,395
22,900 1,866
4,300 1,752
83,000 -302
200 1,631
38,500 -129
1,400 962
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Ⅰ.2Q FY2023 Business Results ― Consolidated balance sheet
Unit: Millions of yen | 2Q FY2023 | FY2022 | Change | Notes |
Results | Results | |||
Current assets
Non-current assets
178,242 206,090 -27,847
1,544,373 | 1,532,105 | 12,268 |
Total assets | 1,722,616 | 1,738,195 | -15,579 |
Current liabilities Non-current liabilities
445,938 | 459,439 | -13,500 |
762,522 | 798,181 | -35,658 |
Total liabilities
1,208,460 1,257,620 -49,159
Total net assets
514,155 | 480,575 | 33,580 Retained earnings+23,305 |
Total liabilities and net assets | 1,722,616 | 1,738,195 | -15,579 |
Equity ratio
Interest-bearing debt balance
29.5% | 27.3% | 2.2P |
772,339 | 795,502 | -23,162 |
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Ⅰ.2Q FY2023 Business Results | ― Consolidated statement of cash flows | ||||
Unit: Millions of yen | 2Q FY2023 | 2Q FY2022 | Change | Notes | |
Results | Results | ||||
Cash flows from operating activities | 35,475 | 45,660 | -10,184 | Decrease in account payable -9,775 | |
Increase in expenditures for purchase of fixed | |||||
Cash flows from investing activities | -29,126 | -27,852 | -1,273 | ||
assets -5,820 | |||||
Decrease in procurement of interest-bearing | |||||
Cash flows from financing activities | -26,665 | -10,425 | -16,239 | ||
debt -15,543 | |||||
Change in cash and | -20,279 | 7,466 | -27,745 | ||
cash equivalents | |||||
Ending balance of cash and | |||||
48,794 | 53,351 | -4,557 | |||
cash equivalents | |||||
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Ⅰ.2Q FY2023 Business Results | ― Transportation | ||||||||
Unit: Millions of yen | 2Q FY2023 | 2Q FY2022 | Change | Notes | 2Q FY2023 | Change | |||
Results | Results | Plan | |||||||
Operating revenues | 103,461 | 93,414 | 10,047 | ||
Railways | 77,801 | 69,623 | 8,178 | ||
Other | 25,660 | 23,791 | 1,868 | Bus and taxi business +1,370 | |
Freight business | +486 | ||||
Operating profit | 16,288 | 9,676 | 6,611 | ||
Railways | 14,502 | 8,961 | 5,540 | ||
Other | 1786 | 715 | 1,071 | Bus and taxi business +1,187 | |
Freight business | -116 |
100,200 3,261
75,700 2,101
24,500 1,160
10,500 5,788
9,600 4,902
900 | 886 |
Depreciation
EBITDA
Capital Expenditures
15,296 | 15,391 | -94 |
31,585 | 25,067 | 6,517 |
7,830 | 7,490 | 340 |
- | - |
- | - |
- | - |
Tobu Railway Lines | 2Q FY2023 | 2Q FY2022 | 2Q FY2023 | |
Number of Passengers | ||||
Results | Results | Plan | ||
(Unit: 1 Million people) | ||||
Commuter Passengers | 270 | 262 | 264 | |
Non-Commuter Passengers | 154 | 140 | 148 | |
(LimitedExpress) | 3 | 2 | 3 | |
Total | 425 | 402 | 412 | |
Tobu Railway Lines | 2Q FY2023 | 2Q FY2022 | 2Q FY2023 | |
Passenger Revenue | ||||
Results | Results | Plan | ||
(Unit: Millions of yen) | ||||
Commuter Passengers | 30,386 | 28,139 | 30,113 | |
Non-Commuter Passengers | 39,682 | 33,877 | 37,914 | |
(LimitedExpress) | 2,964 | 2,145 | 2,716 | |
Total | 70,068 | 62,016 | 68,027 | |
* Non-commuter passenger revenue includes limited express fee and seat reservation fees.
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Ⅰ.2Q FY2023 Business Results ― Leisure
Unit: Millions of yen | 2Q FY2023 | 2Q FY2022 | Change | Notes | |
Results | Results | ||||
Operating revenues | 92,380 | 82,142 | 10,237 | ||
Travel | 67,034 | 64,034 | 2,999 | ||
Hotel | 12,577 | 8,135 | 4,442 | ||
SKYTREE | 7,350 | 4,739 | 2,611 | ||
Other | 5,417 | 5,233 | 183 | Amusement parks and tourism +91 | |
Sports | +114 | ||||
Operating profit | 13,195 | 8,322 | 4,873 | ||
Travel | 7,858 | 8,408 | -549 | ||
Hotel | 1,258 | -2,186 | 3,445 | ||
SKYTREE | 3,406 | 1,367 | 2,038 | ||
Other | 672 | 732 | -60 | Amusement parks and tourism -107 | |
Sports | +46 | ||||
2Q FY2023 | Change |
Plan | |
84,400 | 7,980 |
62,000 | 5,034 |
10,800 | 1,777 |
6,000 | 1,350 |
5,600 | -183 |
8,800 | 4,395 |
6,400 | 1,458 |
-400 | 1,658 |
2,000 | 1,406 |
800 | -128 |
Depreciation
EBITDA
Capital
Expenditures
2,746 | 3,213 | -466 | - | - |
15,942 | 11,535 | 4,406 | - | - |
2,089 | 957 | 1,132 | - | - |
Number of visitors | ||
2Q FY2023 | 2Q FY2022 | |
(Unit: 1 Million | Results | Results |
people) | ||
SKYTREE | 221 | 112 |
2Q FY2023
Plan
166
Main Hotels | 2Q FY2023 | 2Q FY2022 | 2Q FY2023 | Main Hotels | 2Q FY2023 | 2Q FY2022 | ||
Percentage of | ||||||||
Occupancy Rate | Results | Results | Plan | foreign nationals | Results | Results | ||
CY Ginza | 13.0% | 49.9% | 12.5% | CY Ginza | 76.9% | 20.5% | ||
AC Ginza | 85.5% | 36.3% | 84.8% | AC Ginza | 70.9% | 23.9% | ||
Kinshicho | 87.0% | 59.0% | 81.2% | Kinshicho | 73.9% | 4.7% | ||
Narita | 81.8% | 93.6% | 80.8% | Narita | 61.4% | 13.7% | ||
All rights reserved. Copyright © TOBU RAILWAY CO.,LTD. | ※CY Ginza Accommodation Department will Close for renovation from May to November. | 8 |
Ⅰ.2Q FY2023 Business Results ― Real Estate
Unit: Millions of yen | 2Q FY2023 | 2Q FY2022 | Change | Notes |
Results | Results | |||
Operating revenues | 24,766 | 22,671 | 2,095 | |
Real Estate leasing | 17,276 | 16,179 | 1,097 | |
SKYTREE TOWN | 6,151 | 5,233 | 918 | |
Real Estate subdivision | 1,338 | 1,258 | 80 | |
Operating profit | 6,052 | 5,096 | 955 | |
Real Estate leasing | 4,055 | 3,840 | 215 | |
SKYTREE TOWN | 1,862 | 1,110 | 752 | |
Real Estate subdivision | 133 | 145 | -12 | |
2Q FY2023 | Change |
Plan | |
22,900 | 1,866 |
16,300 | 976 |
5,500 | 651 |
1,100 | 238 |
4,300 | 1,752 |
3,400 | 655 |
1,000 | 862 |
-100 | 233 |
Depreciation
EBITDA
Capital Expenditures
5,164 | 5,138 | 26 | - | - |
11,216 | 10,234 | 982 | - | - |
2,666 | 7,989 | -5,323 | - | - |
Number of visitors | 2Q FY2023 | 2Q FY2022 | 2Q FY2023 |
(Unit: 10,000 people) | Results | Results | Plan |
SKYTREE TOWN | 1,838 | 1,453 | 1,614 |
Number of Units Sold | 2Q FY2023 | 2Q FY2022 | |
Unit:1unit | Results | Results | |
Detached houses | 14 | 3 | |
Condominiums | 69 | 63 | |
Number of Units Sold | |||
After Converting Share | |||
2Q FY2023
Plan
7
71
Detached houses | 7 | 3 | 3 |
Condominiums | 27 | 25 | 28 |
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Tobu Railway Co. Ltd. published this content on 17 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2023 09:23:11 UTC.