Odakyu Electric Railway Co., Ltd. Announces Consolidated Earnings Results for the First Quarter of Fiscal Year 2020 Ending March 31, 2020; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
July 30, 2019 at 12:15 am EDT
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Odakyu Electric Railway Co., Ltd. announced consolidated earnings results for the first quarter of fiscal year 2020 ending March 31, 2020. For the period, the company reported revenue from operations of JPY 129,150 million against JPY 131,034 million a year ago. Operating income was JPY 13,766 million against JPY 16,776 million a year ago. Net income attributable to owners of parent was JPY 9,015 million against JPY 12,112 million a year ago. Ordinary income was JPY 14,011 million against JPY 17,217 million a year ago.
For the year ending March 31, 2020, the company expects revenue from operations of JPY 557,800 million, operating income of JPY 52,500 million, ordinary income of JPY 49,400 million and net income attributable to owners of parent was JPY 33,000 million.
Odakyu Electric Railway Co., Ltd. is one of the Japanese largest railway transportation providers. Net sales by activity are organized as follows:
- operating of shopping centers and supermarkets (36%);
- railway transportation services (27.8%);
- development and management of real estate assets (13.8%);
- other (15.6%): operating of hotels and restaurants, trip organizations, railways maintenance services, etc.
Odakyu Electric Railway Co., Ltd. Announces Consolidated Earnings Results for the First Quarter of Fiscal Year 2020 Ending March 31, 2020; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020