Presentation on FY2023 First Half
Financial Results for Investors
November 17, 2023
Nankai Electric Railway Co., Ltd.
(Tokyo Stock Exchange, Prime Market, Securities Code: 9044)
Contents | 1 |
I. Summary of Financial Results for the First Half of FY2023 | 2 |
II. Business Forecasts for FY2023 | 18 |
- Progress of the Medium-term Management Plan
"Kyoso 140 Plan" | 25 |
IV. Sustainable Management Initiatives | 46 |
Appendix | 52 |
2
- Summary of Financial Results for the First Half of FY2023
Performance highlights | 3 |
Operating revenue
Operating income
Non-operating income
Non-operating expenses
Ordinary income
Extraordinary income
Extraordinary losses
Profit attributable to owners of parent
FY2023 1H
results
(A)
117,672
14,237
974
1,944
13,268
156
525
8,867
(Millions of yen) | ||||||
FY2022 1H | Compared to | Previous | Compared to the forecasts | |||
FY2022 1H results | forecast for | at the beginning of FY2023 1H | ||||
results | Change | Percentage | FY2023 1H | Change | Percentage | |
(B) | (Announced | |||||
(A-B) | change | April 2023) | (A-C) | change | ||
(C) | ||||||
108,240 | 9,431 | 8.7% | 119,400 | −1,727 | −1.4% | |
9,446 | 4,791 | 50.7% | 9,900 | 4,337 | 43.8% | |
854 | 120 | 14.1% | ||||
2,085 | −140 | −6.7% | ||||
8,215 | 5,052 | 61.5% | 8,900 | 4,368 | 49.1% | |
390 | −234 | −60.0% | ||||
593 | −68 | −11.5% | ||||
7,116 | 1,750 | 24.6% | 6,300 | 2,567 | 40.8% | |
Both revenue and income grew due to factors such as an increase in the number of passengers transported in the transportation business and an increase in condominium sales in the real estate business.
Despite a decrease in revenue in the cargo transportation business due to a decrease in the cargo transportation volume handled and other factors, income grew mainly due to condominium sales in the real estate business brought forward from the second half of the term and a recovery of passengers carried in the bus business.
Status of segment composition (as of September 30, 2023) | 4 |
[Consolidated subsidiaries: 54, non-consolidated subsidiaries: 17, non-equity method affiliates: 6]
(No change from March 31, 2023)
Transportation | Real Estate | Distribution | Leisure and Services | Construction | Other |
(35 companies) | (6 companies) | (9 companies) | (20 companies) | (4 companies) | (8 companies) |
- Nankai Electric Railway Co., Ltd. (the Company) is included in duplicate in the Transportation, Real Estate, Distribution, and Leisure and Services segments. SEMBOKU RAPID RAILWAY CO., LTD. is included in duplicate in the Transportation and Real Estate segments.
[ Operating revenue ] | [ Operating income ] |
(Billions of yen) | (Billions of yen) |
* Percentage share: Ratio to operating revenue, including that from intersegment transactions
Segment operating revenue and operating income | 5 |
(i) Change of operating revenue (compared to FY 2022 1H)
(Millions of yen)
(ii) Change of operating income (compared to FY 2022 1H)
Segment operating revenue and operating income | 6 |
(Millions of yen)
Operating revenue | Operating income | |||||||
FY2023 1H | FY2022 1H | Change | Percentage | FY2023 1H | FY2022 1H | Change | Percentage | |
results | results | change | results | results | change | |||
Transportation | 48,632 | 46,335 | 2,296 | 5.0% | 3,456 | −885 | 4,341 | - |
Real Estate | 25,218 | 22,794 | 2,423 | 10.6% | 7,072 | 6,657 | 414 | 6.2% |
Distribution | 13,064 | 11,824 | 1,240 | 10.5% | 1,616 | 925 | 690 | 74.6% |
Leisure and | 20,097 | 18,312 | 1,784 | 9.7% | 1,701 | 1,624 | 76 | 4.7% |
Services | ||||||||
Construction | 22,172 | 19,319 | 2,852 | 14.8% | 173 | 980 | −806 | −82.3% |
Other | 1,313 | 1,080 | 233 | 21.6% | −58 | −49 | −9 | - |
Adjustment | −12,826 | −11,427 | - | - | 276 | 192 | - | - |
Total | 117,672 | 108,240 | 9,431 | 8.7% | 14,237 | 9,446 | 4,791 | 50.7% |
Segment information (Transportation)
7
(Millions of yen)
Transportation
Operating revenue
Railway business
Bus business
Other transportation businesses
Adjustment (intrasegment) Operating income
components Main Railway business Bus business
FY2023 1H | FY2022 1H |
results | results |
48,632 | 46,335 |
30,999 | 26,500 |
11,536 | 8,982 |
9,389 | 13,870 |
−3,293 | −3,018 |
3,456 | −885 |
2,472 | −400 |
1,031 | −790 |
Change
2,296 4,498 2,553 −4,480 - 4,341 2,872 1,822
Percentage change
5.0% 17.0% 28.4% −32.3% - - - -
- Despite a decrease in revenue in the cargo transportation business, both revenue and income grew due to an increase in the number of passengers carried compared to the same period of the previous year in the railway and bus businesses.
Revenue from railway passengers and passengers carried | 8 |
(non-consolidated)
(Millions of yen, thousands of passengers)
All lines | FY2023 1H | FY2022 1H | Change | Percentage | |
results | results | change | |||
Passenger revenue | Non-commuter passes | 16,254 | 12,339 | 3,914 | 31.7% |
Commuter passes | 9,941 | 9,572 | 369 | 3.9% | |
Total | 26,196 | 21,912 | 4,284 | 19.6% | |
Passengers carried | Non-commuter passes | 44,446 | 38,331 | 6,115 | 16.0% |
Commuter passes | 63,768 | 61,958 | 1,810 | 2.9% | |
Total | 108,214 | 100,289 | 7,925 | 7.9% | |
Airport line | FY2023 1H | FY2022 1H | Change | Percentage | |
results | results | change | |||
Passenger revenue | Non-commuter passes | 4,247 | 1,604 | 2,643 | 164.8% |
Commuter passes | 605 | 421 | 183 | 43.4% | |
Total | 4,853 | 2,025 | 2,827 | 139.5% | |
Passengers carried | Non-commuter passes | 5,308 | 2,230 | 3,078 | 138.0% |
Commuter passes | 2,018 | 1,443 | 575 | 39.8% | |
Total | 7,326 | 3,673 | 3,653 | 99.5% |
Segment information (Transportation) | 9 |
[Reference 1] (Individual - all lines) Changes in the rate of increase/decrease in railway passenger revenue compared to the same month of 2019
- Although the Accounting Standard for Revenue Recognition and other standards have been applied since April 2021, the percentage change is calculated based on the simple comparison without adjusting the amount affected.
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Disclaimer
Nankai Electric Railway Co. Ltd. published this content on 22 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 December 2023 04:30:35 UTC.