FY22.3

Semi-Annual Investors Meeting

November 4, 2021

Contents

  • Financial Results for the First Six-Months of FY22.3
  • Full-YearPerformance Forecasts and Dividend Forecasts for FY22.3
  • Understanding of the Current Business Environment and Strategic Direction
    APPENDIX

4

8

19

34

2

Highlights

Financial results for the first six months of FY22.3

Full-year

performance forecasts and dividend forecasts for FY22.3

  • The COVID-19 infection had an influence, but consolidated operating revenues, operating income, ordinary income, and net income attributable to owners of the parent all increased due to a gradual recovery in demand, etc.
  • Accompanying the re-spread of the COVID-19 infection, mobility demand declined, leading to sluggish revenues from railway transportation, etc., and the recovery in demand has been later than initially expected. As a result, we are anticipating lower revenues in the second half, and we have implemented downward revisions, centered on the railway, hotel, and retail and restaurant businesses.
  • Despite cost reductions, centered on the railway business, we revised the full-year consolidated performance forecast to call for an operating loss.
  • We have not revised the dividend forecast. We are planning an annual dividend of ¥93 per share (year-end dividend only).

Understanding of

the current

business

environment and strategic direction

  • Railway usage is currently increasing, but in the short term we do not expect a recovery to the level before COVID-19.
  • We are working to strengthen our business portfolio, implement structural reforms in existing businesses, and further advance city-building around our bases.

3

  • Financial Results for the First Six-Months of FY22.3

4

Consolidated Financial Highlights for the Six-Month Period Ended September 30, 2021

（bil）

6 months ended

6 months ended

YoY

September 30,2020

September 30,2021

Operating revenue

124.5

141.6

17.0

113.7%

Operating income

(20.5)

(4.0)

16.4

-

Ordinary income

(19.5)

(1.0)

18.4

-

Extraordinary gains and

2.9

(0.9)

(3.8)

-

losses

Net income attributable to

(10.2)

(2.0)

8.2

-

owners of the parent

EBITDA※

(7.3)

8.8

16.1

-

※Note: EBITDA = operating income + depreciation expense (excluding depreciation of leased assets held for subleasing purposes). The same applies hereafter

Operating revenue

Despite the continued influence of the COVID-19 infection and the change of JR Kyushu Drug Eleven to an equity-method affiliate [¥(12.4) billion], operating revenue increased due to condominium sales and a moderate recovery in demand in each business.

Operating income

Due to higher operating revenue and continued cost reduction efforts, operating results

improved by ¥16.4 billion year on year.

Nonetheless, due to the continued influence of the COVID-19 infection, we recorded an operating loss.

Change in operating revenue by segment

（¥bil）

+16.4

150

+0.8

141.6

+7.6

+2.5

(9.7)

(0.5)

125

124.5

100

Operating revenue 3).(FY21

Transportation

Construction

EstateReal Hotelsand

andRetail Restaurant

Other

Adjustment

Operating revenue 3).(FY22

Change in operating income by segment

（¥bil）

0

+5.2

+0.8

+0.8

+9.1

+0.1

(4.0)

(10)

(20)

(20.5)

(30)

Operating income 3).(FY21

Transportation

Construction

Estate Real Hotels and

and Retail Restaurant

Other

Operating income 3).(FY22

5

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Kyushu Railway Company published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 04:41:06 UTC.