Information for Investors (Results for the Second Quarter of FY2021)

Information for Investors

Results for the Second Quarter of FY2021

Management Vision

UPDATE Odakyu

-Becoming a Community-Based

Value Creation Company

November 8, 2021

Overview of Actual Performance in Second Quarter of FY2021

	Millions of yen	First Half of	First Half of	Change
		FY2020	FY2021
Revenue from operations	167,645	174,777	+7,132
(+4.3%)
	Transportation	53,490	62,749	+9,258
	Merchandising	70,705	49,747	△20,957
	Real Estate	27,352	42,346	+14,994
	Other Businesses	29,676	33,161	+3,485
	Adjustments	△13,578	△13,227	+350
Operating income	△19,193	2,808	+22,002
(－)
	Transportation	△15,361	△2,945	+12,415
	Merchandising	△1,619	108	+1,728
	Real Estate	6,148	11,364	+5,215
	Other Businesses	△8,386	△5,741	+2,645
	Adjustments	25	23	△2
Ordinary income	△22,049	2,547	+24,597
(－)
Net income attributable	△21,280	7,986	+29,266
to owners of parent	(－)
Capital investments	27,752	20,075	△7,676
Depreciation	25,032	24,193	△839
Interest-bearing debt	782,822※	760,578	△22,244

Forecast	Change
at Jul. 2021
178,300	△3,522
(△2.0%)
65,200	△2,450
50,400	△652
41,600	+746
33,900	△738
△12,800	△427
2,300	+508
(+22.1%)
△1,100	△1,845
200	△91
9,700	+1,664
△6,500	+758
0	+23
1,800	+747
(+41.5%)
6,800	+1,186
(+17.4%)

* As of March 31, 2021

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

2

Overview of Performance Forecasts for FY2021

The current business forecast has been made in light of the second quarter results and based on the assumption that another state of emergency will not be declared.

Forecast for recovery in revenue from operations compared with normal level

Forecast at Jul. 2021		Forecast at Oct. 2021

Transportation

Real

Businesses OtherMerchandising

Estate

• Results of Railway Business of Odakyu Electric Railway Revenue from operations at 85% of the normal level in the

second half

• Busses

Revenue from operations at 80% of the normal level for the full

year

• Hakone (Transportation Companies)

Revenue from operations at 70% of the normal level for the full

year

• Department Stores

Revenue from operations at 80% of the normal level for the full

year

• Stores and Retail

Revenue from operations at normal level for the full year

• Leasing

Revenue from operations at normal level for the full year

• Hotels

Revenue from operations at 45% of the normal level for the full

year

• Restaurants

Revenue from operations at 65% of the normal level for the full

year

Transportation

Real

Businesses OtherMerchandising

Estate

• Results of Railway Business of Odakyu Electric Railway Revenue from operations at 85% of the normal level from

January 2022 onward

• Busses

Revenue from operations at 75% of the normal level for the full

year

• Hakone (Transportation Companies)

Revenue from operations at 55% of the normal level for the full

year

• Department Stores

Revenue from operations at 70% of the normal level for the full

year

• Stores and Retail

Revenue from operations at 95% of the normal level for the full

year

• Leasing

Revenue from operations at normal level for the full year

• Hotels

Revenue from operations at 40% of the normal level for the full

year

• Restaurants

Revenue from operations at 60% of the normal level for the full

year

*Comparisons made after deducting the impact of accounting standard revision
* These financial results forecasts may change substantially due to the actual impact of the COVID-19 pandemic, consumption trends, and other factors. If revisions
to these forecasts become necessary, the Company will promptly disclose a revised forecast.	3
Copyright 2021 Odakyu Electric Railway Co.,Ltd. All Rights Reserved.

Overview of Performance Forecasts for FY2021

	Millions of yen	FY2020	FY2021	Change
Revenue from operations	385,978	364,400	△21,578
(△5.6%)
	Transportation	116,230	135,100	+18,869
	Merchandising	157,685	101,500	△56,185
	Real Estate	72,872	80,900	+8,027
	Other Businesses	68,131	73,700	+5,568
	Adjustments	△28,941	△26,800	+2,141
Operating income	△24,190	3,500	+27,690
(－)
	Transportation	△25,937	△4,600	+21,337
	Merchandising	△1,741	1,000	+2,741
	Real Estate	16,459	17,000	+540
	Other Businesses	△13,020	△9,900	+3,120
	Adjustments	49	0	△49
Ordinary income	△31,223	2,000	+33,223
(－)
Net income attributable	△39,804	10,000	+49,804
to owners ofparent	(－)
Capital investments	62,943	76,100	+13,156
Depreciation	51,258	49,500	△1,758
Interest-bearing debt	782,822	769,300	△13,522

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

Forecast	Change
at Jul. 2021
381,600	△17,200
(△4.5%)
142,500	△7,400
107,500	△6,000
79,100	+1,800
80,000	△6,300
△27,500	+700
12,000	△8,500
(△70.8%)
1,600	△6,200
2,700	△1,700
16,800	+200
△9,100	△800
0	－
10,500	△8,500
(△81.0%)
13,500	△3,500
(△25.9%)
79,300	△3,200
49,800	△300
768,200	+1,100

4

Structural Reform

Achievement Status

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